UK business interest rates: new time deposits
UK business interest rates: new time deposits stood at 3.47% in Aug 2026, according to Bank of England. It is one of the indicators in the Savings and loan rates table (Value · Monthly), with a complete series running from Jan 2004 to Aug 2026. The complete series with an interactive chart, free to download.
This indicator in the Savings and loan rates table
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Businesses | |||||||||||
| Businesses: time deposits, new business | 3.47 | 3.46 | 3.47 | 3.43 | 3.44 | 3.37 | 3.28 | 3.37 | 3.39 | 3.47 | |
| Businesses: loans, outstanding | 5.84 | 5.82 | 5.79 | 5.76 | 5.78 | 5.8 | 5.77 | 5.8 | 5.86 | 5.91 |
Understanding UK business interest rates: new time deposits
Newly agreed percentage yields applied by monetary financial institutions across the United Kingdom to corporate time deposits capture the pricing terms attached to fresh fixed-term deposits and notice accounts agreed by businesses. This flow statistic isolates contracts finalised during the monthly reporting window, providing a sensitive measure of wholesale and retail corporate deposit pricing without legacy distortions. It differs from outstanding stock measures by focusing exclusively on new agreements that reflect current monetary conditions and bank funding pressures.
Interpreting this monthly flow requires tracking immediate shifts in corporate treasury management and bank competition for wholesale liquidity. Analysts must avoid comparing these flow percentages directly with outstanding stock averages, as new business reflects marginal pricing rather than historical contracts. Revisions to early estimates can occur if reporting institutions submit late adjustments regarding large corporate deposits. Seasonal corporate cash flow cycles, such as dividend distribution periods or annual tax settlements, can influence the volume and pricing dynamics of newly agreed corporate time deposits.
Frequently asked questions
- What does this new business time deposit series measure?
- It records the interest rates on corporate fixed-term and notice deposits newly agreed during the specific monthly reporting period.
- Why do new corporate deposit rates respond quickly to monetary policy?
- Banks and large corporate treasurers negotiate short-term deposit rates dynamically in response to shifting money market conditions.
- Does this series cover financial sector corporate deposits?
- The scope focuses on non-financial resident businesses and excludes interbank deposits between monetary financial institutions.