Effective interest rates - November 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 04 January 2018

Multiple series have increased this month due to the Bank rate rise at the beginning of November;
Effective rates on new individual other loans have all increased, the fixed 1-5 years rate increased by 64bps from 7.30% to 7.94%.

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
2017	Aug	0.35	0.86	7.12	2.53	1.04	7.05	2.00
	Sep	0.36	0.85	7.15	2.52	1.11	7.18	1.97
	Oct	0.36	0.84	7.11	2.50	1.15	7.03	1.92
	Nov	0.37	0.82	7.10	2.50	1.15	7.83	1.99

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
2017	Aug	0.15	0.44	2.79	0.24	2.39
	Sep	0.14	0.42	2.81	0.29	2.41
	Oct	0.14	0.43	2.82	0.31	2.39
	Nov	0.23	0.49	2.91	0.53	2.57