Effective interest rates - June 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 July 2018
  • Effective rates on new time deposits to individuals increased by 8bps to 1.15%.
  • Effective rates on new other loans, fixed 1 to 5 years to individuals decreased 78bps to 6.70%, due to an increase in the population sample.
  • The distribution of new time deposits with a maturity of up to and including 1 year decreased 15.30% to 54.50%.

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 Time Other Secured Time Other Secured
deposits deposits loans loans deposits loans loans
Z6IQ Z6IW Z6KO   Z6K6 Z6IH Z6K5 Z6JM
2018 Mar 0.46 0.90 6.98   2.51   1.11 7.37 2.04
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

 

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 Time Time
deposits deposits Loans deposits Loans
HSCT HSCU HSDC BJ72 BJ82
2018 Mar 0.26 0.58 3.09   0.50 2.65
  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

ExcelData tables

Next release date: 30 August 2018

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