Key points
- Effective rates on new PNFC loans decreased 5bps to 2.72%.
- Effective rates on new other loans to individuals increased 36bps to 7.08%.
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 | Aug | 0.44 | 0.89 | 6.81 | 2.44 | 1.20 | 6.90 | 2.10 |
| Sep | 0.50 | 0.92 | 6.77 | 2.53 | 1.19 | 6.36 | 2.10 | |
| Oct | 0.49 | 0.93 | 6.76 | 2.50 | 1.27 | 6.72 | 2.08 | |
| Nov | 0.49 | 0.93 | 6.81 | 2.50 | 1.23 | 7.08 | 2.11 | |
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 | Aug | 0.33 | 0.71 | 3.26 | 0.68 | 2.72 |
| Sep | 0.35 | 0.72 | 3.30 | 0.66 | 2.59 | |
| Oct | 0.39 | 0.76 | 3.30 | 0.71 | 2.77 | |
| Nov | 0.40 | 0.76 | 3.27 | 0.67 | 2.72 | |
Chart 1: Effective interest rates on individuals deposits
Not seasonally adjusted
Chart 2: Effective interest rates on individuals loans
Not seasonally adjusted
Data tablesNext release date: 30 January 2019