- Effective rates on new PNFC loans increased 18bps to 2.83% in April 2018 (Table B).
- Effective rates on the stock of interest-charging credit cards decreased 22bps to 18.26% in April 2018.
Table A: Effective interest rates paid/received on individual's balances by UK MFIs (excluding central bank)
Per cent
Not seasonally adjusted
Outstanding | New business | ||||||||
---|---|---|---|---|---|---|---|---|---|
Sight deposits |
Time deposits |
Other loans |
Secured loans |
Time deposits |
Other loans |
Secured loans |
|||
Z6IQ | Z6IW | Z6KO | Z6K6 | Z6IH | Z6K5 | Z6JM | |||
2018 | Jan | 0.45 | 0.90 | 7.10 | 2.53 | 1.02 | 7.60 | 1.96 | |
Feb | 0.46 | 0.90 | 7.00 | 2.51 | 0.97 | 7.37 | 2.02 | ||
Mar | 0.46 | 0.90 | 6.98 | 2.51 | 1.11 | 7.37 | 2.04 | ||
Apr | 0.45 | 0.90 | 7.00 | 2.48 | 1.13 | 7.42 | 2.02 |
Table B: Effective interest rates paid/received on PNFC balances by UK MFIs (excluding central bank)
Per cent
Not seasonally adjusted
Outstanding | New business | ||||||
---|---|---|---|---|---|---|---|
Sight deposits |
Time deposits |
Loans | Time deposits |
Loans | |||
HSCT | HSCU | HSDC | BJ72 | BJ82 | |||
2018 | Jan | 0.29 | 0.57 | 3.05 | 0.46 | 2.67 | |
Feb | 0.28 | 0.56 | 3.06 | 0.46 | 2.79 | ||
Mar | 0.26 | 0.58 | 3.09 | 0.50 | 2.65 | ||
Apr | 0.25 | 0.63 | 3.18 | 0.54 | 2.83 |