This statistical release contains average interest rates across deposit or loan accounts with UK banks and building societies, calculated using data on rates and balances reported to us on statistical form ER.
- Effective rates on individuals’ new other loans fixed 1-5 years decreased by 30 basis points to 7.27%.
- Effective rates on individuals’ new secured lending decreased by 11 basis points to 2.03%.
- Effective rates on individuals’ overdrafts increased by 34 basis points to 11.41%.
Effective Interest Rates - January 2017
Tables A and B
Revisions to tables
Further details about these data
Selected series and splits of the data are also available in Bankstats tables G1.4 and
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