Key points
- Effective rates on new mortgages were broadly unchanged at 2.10%.
- Effective rates on new time deposits for individuals increased by 16bps to 1.41%.
- Effective rates on new other loans to individuals decreased 64bps to 6.20%.
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 | 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 | |||
| Mar | 0.50 | 0.96 | 6.69 | 2.44 | 1.41 | 6.20 | 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 | 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 | |
| Mar | 0.42 | 0.82 | 3.34 | 0.70 | 2.52 | |
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: 31 May 2019