The average interest rate of instant access deposits in the United Kingdom (UK) has started declining in the second half of 2024. That was after the interest rates of those products soared in 2022 and 2023, reaching 2.82 percent in January 2024. In contrast, the interest rate of instant access deposits amounted to 0.06 percent in April 2021.
Average interest rate of instant access deposits by monetary financial institutions in the United Kingdom (UK) from January 2015 to December 2024
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Bank of England. (January 31, 2025). Average interest rate of instant access deposits by monetary financial institutions in the United Kingdom (UK) from January 2015 to December 2024 [Graph]. In Statista. Retrieved February 15, 2025, from https://www.statista.com/statistics/1455355/interest-rate-of-instant-access-deposits-uk/?__sso_cookie_checker=failed
Bank of England. "Average interest rate of instant access deposits by monetary financial institutions in the United Kingdom (UK) from January 2015 to December 2024." Chart. January 31, 2025. Statista. Accessed February 15, 2025. https://www.statista.com/statistics/1455355/interest-rate-of-instant-access-deposits-uk/?__sso_cookie_checker=failed
Bank of England. (2025). Average interest rate of instant access deposits by monetary financial institutions in the United Kingdom (UK) from January 2015 to December 2024. Statista. Statista Inc.. Accessed: February 15, 2025. https://www.statista.com/statistics/1455355/interest-rate-of-instant-access-deposits-uk/?__sso_cookie_checker=failed
Bank of England. "Average Interest Rate of Instant Access Deposits by Monetary Financial Institutions in The United Kingdom (Uk) from January 2015 to December 2024." Statista, Statista Inc., 31 Jan 2025, https://www.statista.com/statistics/1455355/interest-rate-of-instant-access-deposits-uk/?__sso_cookie_checker=failed
Bank of England, Average interest rate of instant access deposits by monetary financial institutions in the United Kingdom (UK) from January 2015 to December 2024 Statista, https://www.statista.com/statistics/1455355/interest-rate-of-instant-access-deposits-uk/?__sso_cookie_checker=failed (last visited February 15, 2025)
Average interest rate of instant access deposits by monetary financial institutions in the United Kingdom (UK) from January 2015 to December 2024 [Graph], Bank of England, January 31, 2025. [Online]. Available: https://www.statista.com/statistics/1455355/interest-rate-of-instant-access-deposits-uk/?__sso_cookie_checker=failed