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Effective interest rates - July 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 30 August 2018

Key points

Effective rates on the stock of fixed time maturity deposits held by individuals increased 9bps to 1.23% due to reporting improvements by one institution.
Effective rates on new loans to PNFCs decreased 8bps to 2.61%.
Effective rates on new secured loans to individuals decreased 5bps to 2.04%.

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	Apr	0.45	0.90	7.00	2.48	1.13	7.42	2.02
	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

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	Apr	0.25	0.63	3.18	0.54	2.83
	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

Next release date: 1 October 2018

Statistics // UK international reserves

Statistics // Money and Credit

Statistics // Effective interest rates

Statistics // Banking sector regulatory capital