Effective interest rates - May 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 29 June 2018
  • Effective rates on the stock of corporate loans increased by 1bp to 3.19%, following a 9bps increase in the April data.
  • Effective rates on new fixed-rate mortgages increased by 8bps to 2.10%.
  • Effective rates on new ISAs decreased by 15bps to 1.21%.

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 Feb 0.46 0.90 7.00 2.51   0.97 7.37 2.02
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

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 Feb 0.28 0.56 3.06   0.46 2.79
  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
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