- Effective rates on new individual mortgages have all slightly decreased into January; the fixed-rate 5 year mortgages decreased by 4bps from 2.18% to 2.14%.
- Effective rates on new deposits with a fixation up to 1 year have increased; 1 year fixed-rate bond increased by 8bps from 0.64% to 0.72% and 1 year time deposits increased by 7bps from 0.85% to 0.92%.
- Effective rates on stock individual interest charging overdrafts decreased 199bps from 10.80% to 8.81%.
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 | Secure loans | ||||
Z6IQ | Z6IW | Z6KO | Z6K6 | Z6IH | Z6K5 | Z6JM | ||||
2017 | Oct | 0.36 | 0.84 | 7.11 | 2.50 | 1.15 | 7.03 | 1.92 | ||
Nov | 0.37 | 0.82 | 7.10 | 2.50 | 1.15 | 7.83 | 1.99 | |||
Dec | 0.46 | 0.89 | 7.07 | 2.55 | 1.01 | 7.96 | 2.02 | |||
2018 | Jan | 0.45 | 0.90 | 7.10 | 2.53 | 1.02 | 7.60 | 1.96 |
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 | |||
2017 | Oct | 0.14 | 0.43 | 2.82 | 0.31 | 2.39 | |
Nov | 0.23 | 0.49 | 2.91 | 0.53 | 2.57 | ||
Dec | 0.26 | 0.50 | 2.95 | 0.48 | 2.61 | ||
2018 | Jan | 0.29 | 0.57 | 3.05 | 0.46 | 2.68 |