Key points
- Effective rates on new secured loans to individuals has decreased 4bps to 2.00%.
- Effective rates on new other unsecured loans to individuals has decreased by 33bps to 6.78%.
- Effective rates on new PNFC loans has increased 49bps to 3.05%.
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 | Jun | 0.50 | 0.99 | 6.84 | 2.42 | 1.17 | 7.12 | 2.02 | |
| Jul | 0.49 | 1.00 | 6.90 | 2.41 | 1.15 | 7.11 | 2.03 | ||
| 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 | ||
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 | Secured loans | Time deposits | Loans | ||
| HSCT | HSCU | HSDC | BJ72 | BJ82 |
||
| 2019 | Jun | 0.41 | 0.83 | 3.31 | 0.72 | 2.47 |
| Jul | 0.40 | 0.84 | 3.30 | 0.73 | 2.56 | |
| Aug | 0.41 | 0.86 | 3.27 | 0.71 | 2.56 | |
| Sep | 0.43 | 0.84 | 3.27 | 0.70 | 3.05 | |
Chart 1: Effective interest rates on individuals deposits
Per cent
Not seasonally adjusted
Chart 2: Effective interest rates on individuals loans
Not seasonally adjusted
Data tablesNext release date: 29 November 2019