Effective interest rates - August 2018

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 01 October 2018

Key points

  • Effective rates on new secured loans to individuals increased 6bps to 2.10%.
  • Effective rates on new time deposits increased 8bps to 1.20%.
  • Effective rates on new loans to PNFCs increased 11bps to 2.72%.

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
2018 May 0.45 0.90 6.94 2.47 1.07 7.39 2.09
Jun 0.44 0.90 6.79 2.47 1.15 6.68 2.09
Jul 0.43 0.90 6.73 2.45 1.12 6.84 2.04
Aug 0.44 0.89 6.81 2.44 1.20 6.90 2.10

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
2018 May 0.25 0.63 3.19 0.51 2.76
  Jun 0.26 0.61 3.22 0.53 2.69
Jul 0.25 0.61 3.20 0.51 2.61
Aug 0.33 0.71 3.26 0.68 2.72

 

ExcelData tables

Next release date: 29 October 2018

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