Effective interest rates - April 2024
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.
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 | ||
| 2024 | Jan | 2.07 | 3.76 | 7.96 | 3.41 | 4.53 | 9.02 | 5.19 |
| Feb | 2.11 | 3.81 | 8.05 | 3.48 | 4.46 | 8.76 | 4.90 | |
| Mar | 2.12 | 3.84 | 8.07 | 3.50 | 4.37 | 8.39 | 4.73 | |
| Apr | 2.12 | 3.88 | 8.18 | 3.57 | 4.40 | 9.01 | 4.74 | |
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 | ||
| 2024 | Jan | 2.69 | 4.65 | 6.84 | 4.65 | 7.01 |
| Feb | 2.72 | 4.65 | 6.85 | 4.66 | 6.97 | |
| Mar | 2.69 | 4.63 | 6.88 | 4.64 | 6.95 | |
| Apr | 2.70 | 4.63 | 6.87 | 4.60 | 6.97 | |
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
More information
Read The Whole Passage
First, please LoginComment After ~