UK business interest rates: time deposits
UK business interest rates: time deposits stood at 3.39% 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 1999 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, outstanding | 3.39 | 3.37 | 3.35 | 3.32 | 3.29 | 3.27 | 3.3 | 3.34 | 3.4 | 3.47 | |
| 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 |
Understanding UK business interest rates: time deposits
Percentage returns applied by monetary financial institutions across the United Kingdom to resident business time deposit balances measure the average yield on existing corporate fixed-term deposits and notice accounts. Unlike sight deposits, these corporate funds involve agreed maturity dates or withdrawal notice periods, enabling financial institutions to plan term liquidity. This stock measure encompasses all active corporate time deposit contracts regardless of when agreement was reached, meaning historical contracts continue influencing the aggregate average alongside recent placements.
When evaluating this monthly series, users should recognise that stock measures lag behind current wholesale market pricing because corporate depositors often lock in multi-month or multi-year terms. Comparing this measure with new business corporate time deposits illustrates the divergence between legacy contracts and prevailing market yields. Revisions to early estimates emerge as institutions refine sector allocations. Seasonal tax payment deadlines can prompt corporate withdrawals that alter deposit volumes, though the reported interest rate reflects the blended pricing of remaining active contracts rather than gross flow movements.
Frequently asked questions
- How do business time deposits differ from business sight deposits?
- Time deposits require notice or have fixed maturity dates, whereas sight deposits permit immediate withdrawal for operational cash needs.
- Why does this outstanding rate lag behind current market benchmarks?
- The metric averages all active fixed-term contracts, meaning older agreements negotiated at different rate levels remain part of the calculation.
- Do small and large businesses share the same time deposit rates?
- The figure represents a weighted average across all resident businesses, masking potential pricing differences between small enterprises and large corporations.