Effective interest rates - October 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 November 2017

Effective rates on new individual fixed-rate bond deposits have decreased by 14bps from 0.98% to 0.84%. Whilst rates on new individual ISAs have increased by 21bps from 1.26% to 1.47%; and
Effective rates on new individual mortgages have decreased, floating mortgages by 9bps from 1.76% to 1.67% and fixed-rate mortgages by 5bps from 1.99% to 1.94%.

Percent
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	Jul	0.36	0.87	7.16	2.55	0.93	7.46	1.95
	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

Per cent
Not seasonally adjusted

	Outstanding				New business
		Sight deposits	Time deposits	Loans	Time deposits	Loans
		HSCT	HSCU	HSDC	BJ72	BJ82
2017	Jul	0.15	0.46	2.78	0.26	2.32
	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