Effective interest rates - June 2018

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.

Published on 30 July 2018

Effective rates on new time deposits to individuals increased by 8bps to 1.15%.
Effective rates on new other loans, fixed 1 to 5 years to individuals decreased 78bps to 6.70%, due to an increase in the population sample.
The distribution of new time deposits with a maturity of up to and including 1 year decreased 15.30% to 54.50%.

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	Time	Other	Secured	Time	Other	Secured
		deposits	deposits	loans	loans	deposits	loans	loans
		Z6IQ	Z6IW	Z6KO	Z6K6	Z6IH	Z6K5	Z6JM
2018	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
	May	0.45	0.90	6.94	2.47	1.07	7.39	2.09
	Jun	0.44	0.90	6.79	2.47	1.15	6.68	2.09

Per cent
Not seasonally adjusted

	Outstanding				New business
		Sight	Time		Time
		deposits	deposits	Loans	deposits	Loans
		HSCT	HSCU	HSDC	BJ72	BJ82
2018	Mar	0.26	0.58	3.09	0.50	2.65
	Apr	0.25	0.63	3.18	0.54	2.83
	May	0.25	0.63	3.19	0.51	2.76
	Jun	0.26	0.61	3.22	0.53	2.69