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Savings Account Interest Rates - Data Sources

Year JanFebMarAprMayJunJulAugSepOctNovDec AverageSource
 
1974 7.50 7.50 7.50 7.50 7.50 7.50 7.50 7.50 7.50 7.50 7.50 7.50 7.50 1
1975 7.50 7.50 7.50 7.50 7.50 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.21 1
1976 7.00 7.00 7.00 7.00 6.50 6.50 6.50 6.50 6.50 6.50 7.80 7.80 6.88 1
1977 7.80 7.80 7.80 7.80 7.00 7.00 6.70 6.70 6.70 6.70 6.00 6.00 7.00 1
1978 6.00 5.50 5.50 5.50 5.50 5.50 6.70 6.70 6.70 6.70 6.70 8.00 6.25 1
1979 8.00 8.00 8.00 8.00 8.00 8.00 8.00 8.75 8.75 8.75 8.75 8.75 8.31 1
1980 10.50 10.50 10.50 10.50 10.50 10.50 10.50 10.50 10.50 10.50 10.50 10.50 10.50 1
1981 9.25 9.25 9.25 8.50 8.50 8.50 8.50 8.50 8.50 8.50 9.75 9.75 8.90 1
1982 9.75 9.75 9.75 8.75 8.75 8.75 8.75 8.75 7.75 7.75 7.75 6.25 8.54 1
1983 6.25 6.25 6.25 6.25 6.25 6.25 7.25 7.25 7.25 7.25 7.25 7.25 6.75 1
1984 7.25 7.25 6.25 6.25 6.25 6.25 7.75 7.75 7.75 7.75 6.75 6.75 7.00 2
1985 7.30 7.30 8.25 8.25 8.25 8.25 8.25 7.00 7.00 7.00 7.00 7.00 7.57 2
1986 7.00 7.00 6.00 6.00 6.00 9.77 9.77 9.77 9.77 10.89 10.89 10.89 8.65 2
1987 11.02 11.02 11.02 9.79 9.79 9.79 9.87 9.87 9.87 8.65 8.65 8.65 9.83 3
1988 8.66 8.66 8.66 7.97 7.97 7.97 9.67 9.67 9.67 10.92 10.92 10.92 9.31 3
1989 11.78 11.78 11.78 11.60 11.60 11.60 11.73 11.73 11.73 12.73 12.73 12.73 11.96 3
1990 13.62 13.62 13.62 13.82 13.82 13.82 13.88 13.88 13.88 12.90 12.90 12.90 13.56 3
1991 12.22 12.22 12.22 10.61 10.61 10.61 9.77 9.77 9.77 9.69 9.69 9.69 10.57 3
1992 9.23 9.23 9.23 8.84 8.84 8.84 8.41 8.41 8.41 6.29 6.29 6.29 8.19 3
1993 5.76 5.76 5.76 5.80 5.80 5.80 5.77 5.77 5.77 5.32 5.32 5.32 5.66 3
1994 5.29 5.29 5.29 5.25 5.25 5.25 5.31 5.31 5.31 5.60 5.60 5.60 5.36 3
1995 5.79 5.79 5.79 5.77 5.77 5.77 5.61 5.61 5.61 5.24 5.24 5.24 5.60 3
1996 4.75 4.75 4.75 4.54 4.54 4.54 4.37 4.37 4.37 4.49 4.49 4.49 4.54 3
1997 4.65 4.65 4.65 5.22 5.22 5.22 5.87 5.87 5.87 6.05 6.05 6.05 5.45 3
1998 6.23 6.23 6.23 6.45 6.45 6.45 6.61 6.61 6.61 6.04 6.04 6.04 6.33 3
1999 4.91 4.91 4.91 4.86 4.86 4.86 4.08 4.08 4.08 4.98 4.98 4.98 4.71 3
2000 5.39 5.39 5.39 5.46 5.46 5.46 5.53 5.53 5.53 5.48 5.48 5.48 5.47 3
2001 5.28 5.28 5.28 4.84 4.84 4.84 4.61 4.61 4.61 3.81 3.81 3.81 4.64 3
2002 3.73 3.73 3.73 3.74 3.74 3.74 3.66 3.66 3.66 3.58 3.58 3.58 3.68 3
2003 4.00 4.00 3.75 3.75 3.75 3.75 3.75 3.50 3.50 3.50 3.50 4.00 3.73 4
2004 4.00 4.00 4.25 4.25 4.25 4.50 4.75 4.75 5.00 5.00 5.00 5.00 4.56 4
2005 5.00 5.00 5.00 5.00 5.00 5.00 5.00 4.75 4.75 4.75 4.75 4.75 4.90 4
2006 4.75 4.65 4.55 4.55 4.55 4.55 4.55 4.55 4.80 4.80 4.80 5.05 4.68 4
2007 5.05 5.30 5.30 5.30 5.55 5.55 5.55 5.80 5.80 5.80 5.80 5.80 5.55 4
2008 5.55 5.55 5.55 5.55 5.55 5.55 5.05 5.05 5.05 5.05 4.55 3.05 5.09 4
2009 3.00 3.00 2.50 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.21 4
2010 2.80 2.80 2.80 2.80 2.80 2.80 2.80 2.80 2.80 2.80 2.80 2.80 2.80 5
2011 2.75 2.75 2.75 2.75 2.75 2.75 2.75 2.75 2.75 2.75 2.75 2.75 2.75 5
2012 2.75 3.10 3.10 3.10 3.10 3.10 2.75 2.75 2.75 2.55 2.25 2.25 2.80 5
2013 1.75 2.25 2.25 2.00 2.00 2.00 1.50 1.50 1.50 1.50 1.50 1.50 1.77 5
2014 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.40 1.40 1.40 1.47 6
2015 1.40 1.40 1.40 1.40 1.40 1.40 1.40 1.40 1.40 1.40 1.40 1.40 1.40 7
2016 1.40 1.40 1.40 1.30 1.30 1.30 1.30 1.30 1.30 0.90 0.90 0.90 1.23 8
2017 0.90 0.75 1.05 1.05 0.81                 9
  1. 1960 to October 1984 gross interest rate for a building society share account as recommended by the Council of the Buiding Societies Association. Recorded in Building Societies Association Yearbook available from the publications section of their website www.bsa.org.uk. In the 1960s and 1970s building society rate changes were a big deal and were reported in the news, probably more for their impact on mortgage payments than savings rates.
  2. November 1984 to end 1986: the large building societies were no longer constrained by the Building Societies Association and rates published were 'predominant' rates collected by the association. Rates for last half of 1986 come from monthly rates published by the association but no longer shown in the Yearbook.
  3. 1987 to 2002 quarterly average gross rate for a building society share account as collected by the Buiding Societies Association.
  4. 2003 to 2009: rates for a Nationwide e-savings account.
  5. 2010 to June 2014: rate for instant-access internet ISA-account which allows ISA-transfers-in, from Nationwide and called e-ISA/Online ISA/Web ISA/Instant ISA Saver.
  6. July 2014 to April 2015: GE Saver cash ISA from GE Capital Direct, internet-only, allows transfers-in.
  7. May 2015 to March 2016: Nationwide Instant ISA saver.
  8. April 2016: First Direct Cash ISA, allows ISA transfers-in, need to open a First Direct bank account.
    First Direct was one of the last providers to cut rates after base rate cut in August 2016.
  9. February 2017: Nationwide Instant ISA saver. March 2017: Coventry Building Society Easy Access ISA[5], allows ISA-transfers-in.
    May 2017: Virgin Money Defined Access e-ISA issue 12.

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