Key points
- Effective rates on new secured loans to individuals decreased 9bps to 1.87%.
- Effective rates on outstanding other unsecured loans to individuals decreased 4bps
- Effective rates on new time deposits to individuals decreased 2bps to 1.12%.
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 | ||
2019 | Aug | 0.48 | 0.98 | 6.85 | 2.42 | 1.11 | 7.11 | 2.04 |
| Sep | 0.48 | 0.98 | 6.88 | 2.39 | 1.08 | 6.78 | 2.00 |
| Oct | 0.48 | 0.97 | 6.92 | 2.39 | 1.14 | 6.76 | 1.96 |
| Nov | 0.47 | 0.96 | 6.88 | 2.39 | 1.12 | 6.94 | 1.87 |
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 | ||
2019 | Aug | 0.41 | 0.86 | 3.27 | 0.71 | 2.56 |
| Sep | 0.43 | 0.84 | 3.27 | 0.70 | 3.05 |
| Oct | 0.43 | 0.86 | 3.26 | 0.70 | 2.65 |
Nov | 0.42 | 0.85 | 3.24 | 0.70 | 2.60 | |