Key points
- Effective rates on new time deposits by individuals increased 8bps to 1.27%.
- Effective rates on the stock of interest charging credit cards decreased 13bps to 18.50%.
- Effective rates on the stock of PNFCs overdraft decreased 13bps to 3.84%.
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 | Jul | 0.43 | 0.90 | 6.73 | 2.45 | 1.12 | 6.84 | 2.04 |
| Aug | 0.44 | 0.89 | 6.81 | 2.44 | 1.20 | 6.90 | 2.10 | |
| Sep | 0.50 | 0.92 | 6.77 | 2.53 | 1.19 | 6.36 | 2.10 | |
| Oct | 0.49 | 0.93 | 6.76 | 2.50 | 1.27 | 6.72 | 2.08 | |
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 | Jul | 0.25 | 0.61 | 3.20 | 0.51 | 2.61 |
| Aug | 0.33 | 0.71 | 3.26 | 0.68 | 2.72 | |
| Sep | 0.35 | 0.72 | 3.30 | 0.66 | 2.59 | |
| Oct | 0.39 | 0.75 | 3.30 | 0.71 | 2.77 | |
Chart 1: Effective interest rates on individuals deposits
Not seasonally adjusted
Chart 2: Effective interest rates on individuals loans
Not seasonally adjusted
Data tablesNext release date: 4 January 2019