The Rate Engine

Interest rates in May 2023

Every rate we track, as it stood on 2023-05-31. Figures are the most recent observation published at or before that date — never interpolated, so a value dated earlier means that was genuinely the latest number available at the time.

2023-04 · 2023-06

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consumer-credit

SeriesCountryRateAs of
US personal loan rate, 24-month (commercial banks)US11.48%2023-05-01

Deposit & savings rates

SeriesCountryRateAs of
FDIC national average interest checking rateUS0.07%2023-05-01
FDIC national average savings rateUS0.40%2023-05-01
Household deposit rate (agreed maturity, new business) — ATAT2.59%2023-05-01
Household deposit rate (agreed maturity, new business) — BEBE2.83%2023-05-01
Household deposit rate (agreed maturity, new business) — BGBG0.74%2023-05-01
Household deposit rate (agreed maturity, new business) — CYCY0.94%2023-05-01
Household deposit rate (agreed maturity, new business) — DEDE2.58%2023-05-01
Household deposit rate (agreed maturity, new business) — EEEE2.94%2023-05-01
Household deposit rate (agreed maturity, new business) — ESES1.83%2023-05-01
Household deposit rate (agreed maturity, new business) — FIFI2.60%2023-05-01
Household deposit rate (agreed maturity, new business) — FRFR3.09%2023-05-01
Household deposit rate (agreed maturity, new business) — GRGR1.44%2023-05-01
Household deposit rate (agreed maturity, new business) — HRHR1.25%2023-05-01
Household deposit rate (agreed maturity, new business) — IEIE2.07%2023-05-01
Household deposit rate (agreed maturity, new business) — ITIT3.12%2023-05-01
Household deposit rate (agreed maturity, new business) — LTLT3.25%2023-05-01
Household deposit rate (agreed maturity, new business) — LULU2.65%2023-05-01
Household deposit rate (agreed maturity, new business) — LVLV2.55%2023-05-01
Household deposit rate (agreed maturity, new business) — MTMT2.23%2023-05-01
Household deposit rate (agreed maturity, new business) — NLNL2.40%2023-05-01
Household deposit rate (agreed maturity, new business) — PTPT1.39%2023-05-01
Household deposit rate (agreed maturity, new business) — SISI1.09%2023-05-01
Household deposit rate (agreed maturity, new business) — SKSK2.68%2023-05-01
Household deposit rate (agreed maturity, new business) — U2U22.48%2023-05-01
UK 2-year fixed rate savings bondGB4.03%2023-05-31
UK instant access savings rateGB1.74%2023-05-31

Government bond yields

Mortgage rates

SeriesCountryRateAs of
15-year fixed rate mortgage average (PMMS)US5.97%2023-05-25
30-year fixed rate mortgage average (PMMS)US6.57%2023-05-25
Mortgage rate (loans to households for house purchase, new business) — ATAT3.93%2023-05-01
Mortgage rate (loans to households for house purchase, new business) — BEBE3.54%2023-05-01
Mortgage rate (loans to households for house purchase, new business) — CYCY3.94%2023-05-01
Mortgage rate (loans to households for house purchase, new business) — DEDE3.90%2023-05-01
Mortgage rate (loans to households for house purchase, new business) — EEEE5.37%2023-05-01
Mortgage rate (loans to households for house purchase, new business) — ESES3.81%2023-05-01
Mortgage rate (loans to households for house purchase, new business) — FIFI3.85%2023-05-01
Mortgage rate (loans to households for house purchase, new business) — FRFR2.88%2023-05-01
Mortgage rate (loans to households for house purchase, new business) — GRGR3.91%2023-05-01
Mortgage rate (loans to households for house purchase, new business) — HRHR2.98%2023-05-01
Mortgage rate (loans to households for house purchase, new business) — IEIE3.77%2023-05-01
Mortgage rate (loans to households for house purchase, new business) — ITIT4.23%2023-05-01
Mortgage rate (loans to households for house purchase, new business) — LTLT5.39%2023-05-01
Mortgage rate (loans to households for house purchase, new business) — LULU4.22%2023-05-01
Mortgage rate (loans to households for house purchase, new business) — LVLV5.45%2023-05-01
Mortgage rate (loans to households for house purchase, new business) — MTMT2.09%2023-05-01
Mortgage rate (loans to households for house purchase, new business) — NLNL3.73%2023-05-01
Mortgage rate (loans to households for house purchase, new business) — PTPT4.06%2023-05-01
Mortgage rate (loans to households for house purchase, new business) — SISI4.12%2023-05-01
Mortgage rate (loans to households for house purchase, new business) — SKSK3.78%2023-05-01
Mortgage rate (loans to households for house purchase, new business) — U2U23.59%2023-05-01
OBMMI — 15-Year Fixed Rate ConformingUS6.19%2023-05-31
OBMMI — 30-Year Fixed Rate Conforming Mortgage IndexUS6.72%2023-05-31
OBMMI — 30-Year Fixed Rate Conforming, Non-AdjustedUS6.48%2023-05-31
OBMMI — FHA 30-Year FixedUS6.67%2023-05-31
OBMMI — Jumbo 30-Year FixedUS6.80%2023-05-31
OBMMI — LTV >80, FICO <680US7.00%2023-05-31
OBMMI — LTV >80, FICO ≥740US6.75%2023-05-31
OBMMI — LTV >80, FICO 680–699US6.89%2023-05-31
OBMMI — LTV >80, FICO 700–719US6.87%2023-05-31
OBMMI — LTV >80, FICO 720–739US6.75%2023-05-31
OBMMI — LTV ≤80, FICO <680US6.85%2023-05-31
OBMMI — LTV ≤80, FICO ≥740US6.61%2023-05-31
OBMMI — LTV ≤80, FICO 680–699US6.76%2023-05-31
OBMMI — LTV ≤80, FICO 700–719US6.82%2023-05-31
OBMMI — LTV ≤80, FICO 720–739US6.66%2023-05-31
OBMMI — USDA 30-Year FixedUS6.76%2023-05-31
OBMMI — VA 30-Year FixedUS6.49%2023-05-31
Posted rate (major chartered banks) — Conventional mortgage: 1-yearCA6.34%2023-05-31
Posted rate (major chartered banks) — Conventional mortgage: 3-yearCA6.24%2023-05-31
Posted rate (major chartered banks) — Conventional mortgage: 5-yearCA6.49%2023-05-31
Posted rate (major chartered banks) — Daily interest savings (balances over $100,000)CA0.01%2023-05-31
Posted rate (major chartered banks) — Guaranteed investment certificates: 1-yearCA4.45%2023-05-31
Posted rate (major chartered banks) — Guaranteed investment certificates: 3-yearCA3.30%2023-05-31
Posted rate (major chartered banks) — Guaranteed investment certificates: 5-yearCA3.40%2023-05-31
Posted rate (major chartered banks) — Non-chequable savings depositsCA0.01%2023-05-31
Posted rate (major chartered banks) — Personal deposits: 5-year fixed termCA2.75%2023-05-31
Posted rate (major chartered banks) — Prime rateCA6.70%2023-05-31
Rate actually charged on new mortgage lending — Residential mortgages, insured Fixed rate, <1 yearCA8.18%2023-05-01
Rate actually charged on new mortgage lending — Residential mortgages, insured Fixed rate, 1 to <3 yearsCA5.54%2023-05-01
Rate actually charged on new mortgage lending — Residential mortgages, insured Fixed rate, 3 to <5 yearsCA4.95%2023-05-01
Rate actually charged on new mortgage lending — Residential mortgages, insured Fixed rate, 5 years and overCA4.77%2023-05-01
Rate actually charged on new mortgage lending — Residential mortgages, insured Variable rateCA6.79%2023-05-01
Rate actually charged on new mortgage lending — Residential mortgages, insured, TotalCA5.46%2023-05-01
Rate actually charged on new mortgage lending — Residential mortgages, uninsured Fixed rate, <1 yearCA7.58%2023-05-01
Rate actually charged on new mortgage lending — Residential mortgages, uninsured Fixed rate, 1 to <3 yearsCA5.40%2023-05-01
Rate actually charged on new mortgage lending — Residential mortgages, uninsured Fixed rate, 3 to <5 yearsCA5.02%2023-05-01
Rate actually charged on new mortgage lending — Residential mortgages, uninsured Fixed rate, 5 years and overCA5.04%2023-05-01
Rate actually charged on new mortgage lending — Residential mortgages, uninsured Variable rateCA6.79%2023-05-01
Rate actually charged on new mortgage lending — Residential mortgages, uninsured, TotalCA5.42%2023-05-01
UK 2-year fixed mortgage rate (75% LTV)GB4.72%2023-05-31
UK 5-year fixed mortgage rate (75% LTV)GB4.46%2023-05-31

Central bank policy rates

SeriesCountryRateAs of
Bank of Canada target for the overnight rateCA4.50%2023-05-31
Bank of England Bank RateGB4.42%2023-05-31
ECB deposit facility rateU23.25%2023-05-31

About this snapshot

118 series had published data by 2023-05-31. Where the “as of” column shows an earlier date, that series had not published again by the snapshot date — monthly and quarterly statistics routinely lag by weeks or months, and we show the real observation date rather than restating an old figure as if it were new.