Effective interest rates - July 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 30 August 2017
  • Effective rates on new individual fixed-rate bonds over 2 years has decreased by 19bps from 1.48% to 1.29%;
  • Effective rates on new individual mortgages has decreased by 10bps from 2.05% to 1.95%, this is the first time the series has fallen below 2%; and
  • Due to the reclassification of housing associations from PNFCs to public corporations, a number of series have been affected this month. These series have been footnoted.

PDF Effective interest rates statistical release - July 2017

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