Key points
- Effective rates on new time deposits for PNFCs increased 9bps to 0.79%, the highest since April 2012.
- Effective rates on new other loans to individuals increased 63bps to 6.83%.
- Effective rates on the stock of time deposits by individuals increased 3bps to 0.99%, the highest since February 2017.
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 | ||||
| 2019 | Jan | 0.50 | 0.94 | 6.66 | 2.48 | 1.20 | 6.89 | 2.09 | ||
| Feb | 0.49 | 0.95 | 6.79 | 2.46 | 1.25 | 6.84 | 2.09 | |||
| Mar | 0.50 | 0.96 | 6.69 | 2.44 | 1.41 | 6.20 | 2.10 | |||
| Apr | 0.51 | 0.99 | 6.67 | 2.45 | 1.42 | 6.83 | 2.08 | |||
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 | ||
| 2019 | Jan | 0.41 | 0.81 | 3.35 | 0.78 | 2.66 |
| Feb | 0.41 | 0.82 | 3.34 | 0.78 | 2.57 | |
| Mar | 0.42 | 0.82 | 3.34 | 0.70 | 2.52 | |
| Apr | 0.42 | 0.84 | 3.34 | 0.79 | 2.68 | |
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: 1 July 2019