Key points
- Effective rates on new loans to PNFC decreased 12bps to 2.56%.
- Effective rates on new unsecured other loans to individuals decreased 13bps to 6.90%.
- Effective rates on new secured loans to individuals decreased 4bps to 1.81%.
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 | Nov | 0.47 | 0.96 | 6.88 | 2.39 | 1.12 | 6.94 | 1.87 |
| Dec | 0.48 | 0.95 | 6.85 | 2.36 | 0.97 | 7.14 | 1.88 |
2020 | Jan | 0.46 | 0.95 | 6.86 | 2.36 | 1.05 | 7.03 | 1.85 |
| Feb | 0.46 | 0.94 | 6.87 | 2.36 | 1.04 | 6.90 | 1.81 |
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 | Nov | 0.42 | 0.85 | 3.24 | 0.70 | 2.60 |
| Dec | 0.43 | 0.85 | 3.28 | 0.68 | 2.54 |
2020 | Jan | 0.43 | 0.84 | 3.29 | 0.65 | 2.68 |
Feb | 0.41 | 0.83 | 3.30 | 0.65 | 2.56 |