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

 

ExcelData tables

Next release date: 1 October 2018

Other statistics

Statistics // UK international reserves

UK International Reserves - March 2026

UK International Reserves - March 2026
Statistics // Banking sector regulatory capital

Banking sector regulatory capital - 2025...

Banking sector regulatory capital - 2025 Q4
Statistics // Effective interest rates

Effective interest rates - February 2026

Effective interest rates - February 2026
Statistics // Money and Credit

Money and Credit - February 2026

Money and Credit - February 2026
View more

Back to top