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Effective interest rates - September 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 October 2018

Key points

Effective rates on the stock of interest bearing sight deposits increased 6bps to 0.50%.
Effective rates on the stock of interest charging credit cards increased 25bps to 18.63%.
Within the stock of fixed rate bonds, the share accounted for by one to two year bonds increased 6.6pp to 32% in Q3 2018.

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	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
	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

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	Jun	0.26	0.61	3.22	0.53	2.69
	Jul	0.25	0.61	3.20	0.51	2.61
	Aug	0.33	0.71	3.26	0.68	2.72
	Sep	0.35	0.72	3.30	0.66	2.59

Chart 1: Effective interest rates on individuals deposits

Not seasonally adjusted

Chart 2: Effective interest rates on individuals loans

Not seasonally adjusted

Next release date: 29 November 2018

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