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%.

Table A: Effective interest rates paid/received on individual's balances by UK MFIs (excluding central bank)

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

 

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 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

 

Effective interest rates - Chart 1 - Oct 2017
Effective interest rates - Chart 2 - Oct 2017

Excel Data tables

Next release date: 4 January 2018

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