Deposit Interest Rate in the United Kingdom increased to 5 percent in August from 4.75 percent in July of 2023. Deposit Interest Rate in the United Kingdom averaged 0.40 percent from 2008 until 2023, reaching an all time high of 5 percent in August of 2023 and a record low of 0 percent in March of 2009. The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits. The operational standing deposit facility consists of an overnight deposit transaction. This page includes a chart with historical data for Deposit Interest Rate in the United Kingdom.
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