Effective interest rates - January 2022

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 01 March 2022

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

2021

Oct

0.09

0.34

6.44

2.03

0.36

6.27

1.59

 

Nov

0.09

0.34

6.54

2.02

0.37

6.43

1.50

 

Dec

0.09

0.33

6.47

2.00

0.36

6.27

1.58

2022

Jan

0.09

0.38

6.55

2.01

0.67

6.21

1.58

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

2021

Oct

0.04

0.15

2.66

0.10

1.89

 

Nov

0.04

0.14

2.70

0.10

2.05

 

Dec

0.05

0.17

2.75

0.11

2.03

2022

Jan

0.07

0.18

2.81

0.20

2.02

Chart 1: Effective interest rates on individuals deposits

Per cent
Not seasonally adjusted

Chart 2: Effective interest rates on individuals loans

Per cent
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 March 2022

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