Effective interest rates - February 2019

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 March 2019

Key points

  • Effective rates on new PNFC loans have decreased 9bps to 2.57%.
  • Effective rates on stock other loans to individuals increased 13bps to 6.79%.
  • Effective rates on new time deposits for individuals increased by 5bps to 1.25%.

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 Nov 0.49 0.93 6.81 2.50   1.23 7.08 2.13
Dec 0.52 0.93 6.75 2.48   1.18 7.45 2.14
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

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 Nov 0.40 0.76 3.27 0.67 2.72
  Dec 0.41 0.78 3.31 0.74 2.65
2019 Jan 0.41 0.81 3.35 0.78 2.66
  Feb 0.41 0.82 3.34 0.78 2.57

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: 1 May 2019

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