At a glance
- Bank Rate is 3.75%; inflation is 3.5% (September 2026).
- The average 2-year fixed mortgage is 5.13%: £1,184.38 a month on £200,000 over 25 years.
- Instant access savings pay 2.06% on average, less than inflation.
- Credit cards charge 24.71% on average.
The latest figures
| Rate | Latest | Source |
|---|---|---|
| Bank Rate | 3.75% | Bank of England |
| Inflation (CPI), past 12 months | 3.5% | ONS, September 2026 |
| Inflation target | 2% | Bank of England |
| 2-year fixed mortgage, 75% loan-to-value | 5.13% | Bank of England, September 2026 |
| 2-year fixed mortgage, 60% loan-to-value | 5.01% | Bank of England, September 2026 |
| 5-year fixed mortgage, 75% loan-to-value | 4.98% | Bank of England, September 2026 |
| Standard variable (revert-to) rate | 6.58% | Bank of England, September 2026 |
| Instant access savings | 2.06% | Bank of England, September 2026 |
| Personal loan of £10,000 | 6.98% | Bank of England, September 2026 |
| Credit card | 24.71% | Bank of England, September 2026 |
| Average earnings growth | 3.7% | ONS, August 2026 |
| House prices, past 12 months | 0.9% | ONS, August 2026 |
| Private rents, past 12 months | 3.8% | ONS, September 2026 |
What they mean in pounds
| £200,000 mortgage over 25 years, 2-year fix | £1,184.38 a month |
|---|---|
| The same mortgage on the revert-to rate | £1,360.43 a month |
| £10,000 loan over 5 years | £196.91 a month, £1,814.64 interest |
| £2,000 card balance, paying £100 a month | 26 months, £523.44 interest |
| £10,000 in instant access savings for a year | £206.00 interest |
Coming off a fix onto the revert-to rate would cost £176.05 a month more on that mortgage, which is why it pays to switch before a deal ends.
How we use these figures
Our mortgage, savings, loan, credit card and pension calculators start with these averages, so you see a realistic result before you type anything. We update them when the Bank of England and the ONS publish new figures. Read how we calculate.
Bottom line
These are averages across lenders and banks, so the deal you are offered will differ. We use them as starting values in our calculators so you can see a typical result straight away, then put in your own rate.
This guide explains the rules; it is not personal financial advice.