UK household deposit balances: interest-bearing time
UK household deposit balances: interest-bearing time stood at £260,013m in Jul 2026. It is one of the indicators in the Savings and loan rates table (Value · Monthly), with a complete series running from Jan 2008 to Jul 2026. The complete series with an interactive chart, free to download.
This indicator in the Savings and loan rates table
| Indicator | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balances outstanding | |||||||||||
| Interest-bearing time deposits | 260,013 | 260,507 | 257,825 | 257,959 | 257,037 | 259,382 | 259,077 | 261,628 | 261,233 | 263,552 | |
| Cash ISAs | 490,543 | 487,781 | 484,333 | 477,046 | 456,260 | 449,022 | 447,036 | 444,964 | 442,661 | 437,266 |
Understanding UK household deposit balances: interest-bearing time
The aggregate financial value of retail household funds placed into fixed-maturity accounts across the United Kingdom is measured by this series in £m. It captures term deposits and locked savings bonds where withdrawals are restricted for a specified duration, distinguishing them from instant access sight accounts and unremunerated balances. This metric reflects the portion of domestic liquidity that households are willing to commit for predictable returns over medium-term horizons.
Interpreting this series requires attention to prevailing market yield curves, as savers lock in funds when anticipating future monetary easing. Seasonality plays a secondary role compared to macroeconomic expectations and the relative attractiveness of competing asset classes. Analysts must account for potential statistical revisions in early estimates and avoid equating maturity shifts with new capital formation, as maturing bonds frequently roll over into alternative account categories.
Frequently asked questions
- What criteria qualify a deposit for inclusion in the time category?
- Funds must be committed for a fixed maturity period during which withdrawal restrictions or penalties apply.
- How do interest-bearing time deposits differ from sight accounts?
- Time deposits lock capital away for set terms in exchange for agreed yields, whereas sight accounts prioritise liquidity on demand.
- What external factor most strongly influences movements in locked deposit balances?
- Expectations regarding future central bank interest rate adjustments heavily drive household decisions to lock in specific yields.