Effective interest rates - May 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 29 June 2017
  • Effective rates on Individual’s and Individual trusts new fixed-rate bonds increased by 6bps this month to 0.79%, with increases across all maturities of fixed-rate bonds. In contrast, effective rates on Individual’s and Individual trusts new ISAs decreased by 3bps to 0.97%;
  • Effective rates on PNFC’s new floating-rate loans decreased by 15bps this month to 2.11%; and
  • Effective rates on Individual’s and Individual trusts new ‘other loans’ fixed 1-5 years increased by 3bps to 7.68%, whilst on outstanding business, effective rates decreased by 4bps to 7.38%.

PDF Effective interest rates statistical release - May 2017

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