Home
 
Interest Rates
 
Interest Paid to Depositors: No 1, 2, & 3 Departments;
UK's general level of Interest Rates: Bank Rate/Minimum Lending Rate

September 1st 1919 to November 20th 1979
 
Depositors' Department
 
Interest Rate payable on No 1 Department
 September 1st 1919
 3.50
 December 1st 1932
 3.00
 July 1st 1946
 2.75
 April 1st 1965
 3.00
 December 1st 1970
 4.00
 January 1st 1973
 4.50
Interest Rate payable on No 2 Department
 April 1st 1957
 2.50
 December 1st 1970
 3.50
 January 1st 1973
 4.00
Interest Rate payable on No 3 Department
 January 1st 1967
 5.50
 1968
 6.00
 1969
 6.50
 April 1st 1970
 7.00
 October 1st 1972
 7.50
 April 1st 1973
 8.00
 January 1st 1974 (Tier 1) *
 8.00
 January 1st 1974 (Tier 2) *
 9.50
*  Tier 1:   1 month's notice of withdrawal;
    Tier 2:   6 months' notice
 (Reduced to 3 months' notice from April 1st 1975)
Bank Rate
(1917 - 1972)
 1917
 April 5th
 5.00
 1919
 November 6th
 6.00
 1920
 April 15th 
 7.00
 1921
 April 28th
 6.50
 1921
 June 23rd
 6.00
 1921
 July 21st
 5.50
 1921
 November 3rd
 5.00
 1922
 February 16th
 4.50
 1922
 April 13th
 4.00
 1922
 June 15th
 3.50
 1922
 July 13th
 3.00
 1923
 July 5th
 4.00
1925
 March 5th
5.00
1925
 August 6th
4.50
1925
 October 1st
4.00
1925
 December 3rd
5.00
1927
 April 21st
4.50
1929
 February 7th
5.50
1929
 September 26th
6.50
1929
 October 31st
6.00
1929
 November 21st
5.50
1929
 December 12th
5.00
1930
 February 6th
4.50
1930
 March 6th
4.00
1930
 March 20th
3.50
1930
 May 1st
3.00
1931
 May 14th
2.50
1931
 July 23rd
3.50
1931
 July 30th
4.50
1931
 September 21st
6.00
1932
 February 18th
5.00
1932
 March 10th
4.00
1932
 March 17th
3.50
1932
 April 21st
3.00
1932
 May 12th
2.50
1932
 June 30th
2.00
1939
 August 24th
4.00
1939
 September 28th
3.00
1939
 October 26th
2.00
1951
 November 8th
2.50
1952
 March 11th
4.00
1953
 September 17th
3.50
1954
 May 13th
3.00
1955
 January 27th
3.50
1955
 February 24th
4.50
1956
 February 16th
5.50
1957
 February 7th
5.00
1957
 September 19th
7.00
1958
 March 20th
6.00
1958
 May 22nd
5.50
1958
 June 19th
5.00
1958
 August 14th
4.50
1958
 November 20th
4.00
1960
 January 21st
5.00
1960
 June 23rd
6.00
1960
 October 27th
5.50
1960
 December 8th
5.00
1961
 July 26th
7.00
1961
 October 5th
6.50
1961
 November 2nd
6.00
1962
 March 8th
5.50
1962
 March 22nd
5.00
1962
 April 26th
4.50
1963
 January 3rd
4.00
1964
 February 27th
5.00
1964
 November 23rd
7.00
1965
 June 3rd
6.00
1966
 July 14th
7.00
1967
 January 26th
6.50
1967
 March 16th
6.00
1967
 May 4th
5.50
1967
 October 19th
6.00
1967
 November 9th
6.50
1967
 November 18th
8.00
1968
 March 21st
7.50
1968
 September 19th
7.00
1969
 February 27th
8.00
1970
 March 5th
7.50
1970
 April 15th
7.00
1971
 April 1st
6.00
1971
 September 2nd
5.00
1972
 June 22nd
6.00
Minimum Lending Rate
(1972 - 1979)
 1972  October 16th
 7.25
 1972  October 30th
 7.50
 1972  December 4th
 7.75
 1972  December 11th
 8.00
 1972  December 27th
 9.00
 1973  January 22nd
 8.75
 1973  March 26th
 8.50
 1973  April 16th
 8.00
 1973  April 24th
 8.25
 1973  May 14th
 8.00
 1973  May 21st
 7.75
 1973  June 25th
 7.50
 1973  July 23rd
 9.00
 1973  July 30th
 11.50
 1973  October 22nd
 11.25
 1973  November 13th
 13.00
 1974  January 7th
12.75 
 1974  February 4th
 12.50
 1974  April 8th
 12.25
 1974  April 16th
 12.00
 1974  May 28th
 11.75
 1974  September 23rd
 11.50
 1975  January 20th
 11.25
 1975  January 27th
 11.00
 1975  February 10th
 10.75
 1975  February 17th
 10.50
 1975  March 10th
 10.25
 1975  March 24th
 10.00
 1975  April 21st
 9.75
 1975  May 5th
 10.00
 1975  July 28th
 11.00
 1975  October 6th
 12.00
 1975  November 17th
 11.75
 1975  December 1st
 11.50
 1975  December 29th
 11.25
 1976  January 5th
 11.00
 1976  January 19th
 10.75
 1976  January 26th
 10.50
 1976  February 2nd
 10.00
 1976  February 9th
 9.50
 1976  March 1st
 9.25
 1976  March 8th
 9.00
 1976  April 26th
 10.50
 1976  May 24th
 11.50
 1976  September 13th
 13.00
 1976  October 7th
 15.00
 1976  November 22nd
 14.75
 1976  December 20th
 14.50
 1976  December 29th
 14.25
 1977  January 10th
 14.00
 1977  January 24th
 13.25
 1977  January 31st
 12.25
 1977  February 3rd
 12.00
 1977  March 10th
 11.00
 1977  March 21st
 10.50
 1977  March 31st
 9.50
 1977  April 12th
 9.25
 1977  April 18th
 9.00
 1977  April 25th
 8.75
 1977  May 2nd
 8.25
 1977  May 16th
 8.00
 1977  August 8th
 7.50
 1977  August 15th
 7.00
 1977  September 12th
 6.50
 1977  September 19th
 6.00
 1977  October 10th
 5.50
 1977  October 17th
 5.00
 1977  November 28th
 7.00
 1978  January 9th
 6.50
 1978  April 12th
 7.50
 1978  May 8th
 8.75
 1978  May 15th
 9.00
 1978  June 8th
 10.00
 1978  November 9th
 12.50
 1979  February 8th
 14.00
 1979  March 1st
 13.00
 1979  April 5th
 12.00
 1979  June 13th
 14.00
 1979  November 15th
 17.00
 
Account Types
 
 
Press Cuttings