Key points
- Effective rates on new secured loans for individuals decreased 6bps to 2.02%, lowest since January 2018.
- Effective rates on new time deposits for individuals decreased 6bps to 1.17%.
- Effective rates on new loans for PNFCs decreased 39bps to 2.47%, the lowest since October 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 | 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 | |||
| May | 0.50 | 0.99 | 6.62 | 2.42 | 1.23 | 6.87 | 2.08 | |||
| Jun | 0.50 | 0.99 | 6.84 | 2.42 | 1.17 | 7.12 | 2.02 | |||
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 | Mar | 0.42 | 0.82 | 3.34 | 0.70 | 2.52 |
| Apr | 0.42 | 0.84 | 3.34 | 0.79 | 2.68 | |
| May | 0.41 | 0.85 | 3.32 | 0.73 | 2.86 | |
| Jun | 0.41 | 0.83 | 3.31 | 0.72 | 2.47 | |
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 August 2019