Effective interest rates - April 2017

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 31 May 2017
  • Effective rates have continued to decrease across most fixed-rate mortgages to individuals, meaning the total effective rate on outstanding fixed-rate mortgages fell by 2bps, to 2.63%, continuing at a record low.
  • Effective rates on individual new time deposits increased by 7bps in April, driven by the maturity over two years which increased by 10bps to 1.40%.

PDF Effective interest rates statistical release - April 2017

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If you have any comments or queries about this release please email dsd_ir@bankofengland.co.uk.

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