Household M4 deposits and similar (monthly change), United Kingdom
Household M4 deposits and similar in the United Kingdom was £4.7 bn in , up £935.0 mn from and down £768.0 mn from a year earlier. Over the latest 12 readings it moved between £3.8 bn and £9.1 bn. Source: Bank of England, Bank of England Database LPMVVHS; history from .
Key takeaways
- Household M4 deposits and similar at £4.7 bn in beats 55% of readings since (Bank of England).
- Against a ten-year average of £5.9 bn, household M4 deposits and similar is below that norm by £1.2 bn (Bank of England).
What this indicator is and why it matters
Household M4 deposits and similar, monthly change, is the change in the money that UK households hold with banks and building societies, mostly in current, savings and time deposit accounts. The Bank of England publishes it seasonally adjusted (series LPMVVHS), in sterling.
It shows how much households are adding to or drawing down their bank savings each month. Strong inflows point to caution or to income growing faster than spending; outflows can mean households are spending savings or moving money into other assets. Household deposits are a major source of funding for UK banks and building societies, so these flows affect how much they can lend and how hard they must compete for savings.
Interpret the flows with the alternatives in mind. When interest rates rise, savers move money into National Savings and Investments products, gilts and money market funds, which sit outside M4, so deposits can fall without households saving less. Money also moves between accounts within M4, from instant-access to fixed-term deposits, which does not change this total. Monthly figures are noisy; three- or six-month totals give a better read of the trend.
Where it sits in history
Household M4 deposits and similar is at its highest since , when it stood at £6.2 bn. Within ten years, household M4 deposits and similar beats 47% of readings.
| Window | Latest is higher than | Average | Highest | Lowest |
|---|---|---|---|---|
| Since January 2006 | 55% of readings | £5.0 bn | £26.7 bn | -£4.6 bn |
| Last ten years | 47% of readings | £5.9 bn | £26.7 bn | -£4.6 bn |
| Last five years | 40% of readings | £5.3 bn | £18.3 bn | -£4.6 bn |
- Household M4 deposits and similar (monthly change) £4.7bn
Recent readings
Last five years
- Household M4 deposits and similar (monthly change) £4.7bn
Latest readings
| Period | Value | Change from previous |
|---|---|---|
| £4.7 bn | +£935.0 mn | |
| £3.8 bn | -£2.4 bn | |
| £6.2 bn | +£722.0 mn | |
| £5.4 bn | -£333.0 mn | |
| £5.8 bn | +£407.0 mn | |
| £5.4 bn | -£554.0 mn | |
| £5.9 bn | +£1.4 bn | |
| £4.5 bn | -£185.0 mn | |
| £4.7 bn | -£4.4 bn | |
| £9.1 bn | +£2.2 bn | |
| £7.0 bn | -£1.7 bn | |
| £8.7 bn | +£3.2 bn | |
| £5.5 bn | -£2.4 bn |
Annual averages
By calendar-year average, household M4 deposits and similar peaked in (£12.8 bn) and bottomed in (£1.5 bn). 2026 to date: £5.2 bn, after £6.6 bn in 2025.
| Year | Average | Low | High | Readings |
|---|---|---|---|---|
| 2026 (part year) | £5.2 bn | £3.8 bn | £6.2 bn | 8 |
| 2025 | £6.6 bn | £2.8 bn | £9.8 bn | 12 |
| 2024 | £8.2 bn | £1.8 bn | £18.3 bn | 12 |
| 2023 | £1.5 bn | -£4.6 bn | £6.5 bn | 12 |
| 2022 | £5.4 bn | £2.5 bn | £8.8 bn | 12 |
| 2021 | £9.4 bn | £2.2 bn | £18.8 bn | 12 |
| 2020 | £12.8 bn | £2.8 bn | £26.7 bn | 12 |
| 2019 | £4.6 bn | £2.2 bn | £6.4 bn | 12 |
| 2018 | £3.2 bn | -£536.0 mn | £6.2 bn | 12 |
| 2017 | £3.0 bn | -£1.9 bn | £5.6 bn | 12 |
| 2016 | £6.2 bn | £769.0 mn | £9.7 bn | 12 |
| 2015 | £3.9 bn | -£1.3 bn | £8.8 bn | 12 |
| 2014 | £4.0 bn | £2.5 bn | £5.7 bn | 12 |
| 2013 | £3.7 bn | £2.3 bn | £5.7 bn | 12 |
| 2012 | £4.7 bn | £2.1 bn | £7.6 bn | 12 |
| 2011 | £2.4 bn | -£20.0 mn | £5.6 bn | 12 |
| 2010 | £2.1 bn | -£1.4 bn | £6.9 bn | 12 |
| 2009 | £2.2 bn | £889.0 mn | £4.2 bn | 12 |
| 2008 | £4.2 bn | -£3.1 bn | £7.4 bn | 12 |
| 2007 | £6.3 bn | £3.9 bn | £9.7 bn | 12 |
| 2006 | £5.4 bn | £3.7 bn | £6.9 bn | 12 |
How is it measured?
Monthly change in monetary financial institutions' sterling M4 liabilities to the household sector.
Bank of England publishes household M4 deposits and similar monthly in Bank of England Database LPMVVHS, in GBP and is seasonally adjusted. Code: LPMVVHS. Method for household M4 deposits and similar.
Questions
How high is household M4 deposits and similar in the United Kingdom now?
£4.7 bn in (Bank of England), down £768.0 mn on a year earlier.
Is household M4 deposits and similar high by historical standards?
Household M4 deposits and similar beats 55% of readings since ; its peak was £26.7 bn (), its low -£4.6 bn ().
When is household M4 deposits and similar updated?
Monthly, in Bank of England Database LPMVVHS. Next reading: September 2026.
Where can I check household M4 deposits and similar at the source?
Bank of England data, code LPMVVHS.