Effective interest rates - June 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 29 July 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

2022

Mar

0.12

0.41

6.63

2.04

0.92

5.92

1.73

 

Apr

0.15

0.45

6.65

2.05

1.09

6.52

1.82

 

May

0.18

0.50

6.62

2.07

1.25

6.49

1.95

 

Jun

0.21

0.54

6.67

2.11

1.58

6.71

2.15

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

2022

Mar

0.15

0.41

0.58

2.94

0.58

 

Apr

0.19

0.56

0.70

2.41

0.70

 

May

0.25

0.70

0.86

2.86

0.86

 

Jun

0.30

0.82

1.11

3.11

1.11

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: 30 August 2022

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