Effective interest rates - August 2021

This statistical release contains average interest rates across deposit or loan accounts with UK banks and building societies, calculated using data on rates and balances.
Published on 29 September 2021

Key points

Commentary on this data is now incorporated into the Money and Credit statistical release to facilitate analysis.

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
  May 0.10 0.42 6.51 2.07 0.33 5.61 1.90
  Jun 0.10 0.40 6.50 2.07 0.32 5.67 1.95
  Jul 0.10 0.38 6.42 2.05 0.29 5.85 1.83
2021  Aug 0.09 0.37 6.46 2.05 0.29 5.87 1.82

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
  May 0.04 0.17 2.50 0.06 2.26
  Jun 0.04 0.17 2.55 0.07 2.38
  Jul 0.05 0.16 2.55 0.07 1.79
2021 Aug 0.04 0.15 2.65 0.07 2.27

Chart 1: Effective interest rates on individuals deposits

Per cent Not seasonally adjusted

Chart 2: Effective interest rates on individuals loans

Not seasonally adjusted

Queries

If you have any comments or queries about this release please email dsd_ir@bankofengland.co.uk.

Next release date: 29 October 2021

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