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

ExcelData tables

Next release date: 29 November 2018

Was this page useful?
Add your details...