Compare Countries By Deposit Rates

Deposit taking institutions offer a broad range of deposit accounts to their clients varying in maturity, withdrawal conditions and interest rates. According to ECB statistics, the most of the deposit contracts have maturity less than 1 year. This page provides information on nominal deposit rates (quoted in deposit contracts) with agreed maturity up to 1 year in local currencies.

When estimating income from a deposit, the following should be taken into account:

To roughly estimate the reliability of deposits in a particular country, the following two parameters are provided:

Country Currency Deposit Rate[1] Estimated
Inflation Rate[2]
Maximum
Protected Amount[3]
Country Ceiling for Deposits[4]
 Croatia HRK 2.18%↑-0.89%100 000 EURA3 (upper medium grade)
 Greece EUR 1.80%no change-0.30%100 000 EURCaa3 (in default with little prospect for recovery)
 Romania RON 1.79%↓1.03%100 000 EURA3 (upper medium grade)
 Poland PLN 1.74%↓-0.83%100 000 EURAa3 (high grade)
 Cyprus EUR 1.66%↑-1.00%100 000 EURB3 (highly speculative)
 Netherlands EUR 1.57%↓-0.15%100 000 EURAaa (prime)
 Slovakia EUR 1.47%↓0.04%100 000 EURAaa (prime)
 Czech Republic CZK 1.35%↑-0.05%100 000 EURAa2 (high grade)
 Bulgaria BGN 1.30%↓-1.03%100 000 EURA3 (upper medium grade)
 Italy EUR 1.27%↑0.00%100 000 EURAa2 (high grade)
 France EUR 1.14%↓0.11%100 000 EURAaa (prime)
 United Kingdom GBP 1.13%↑0.13%85 000 GBPAaa (prime)
 Malta EUR 1.07%no change1.08%100 000 EURAaa (prime)
 Hungary HUF 1.06%↓0.00%100 000 EURBaa2 (lower medium grade)
 Belgium EUR 1.03%↓0.06%100 000 EURAaa (prime)
 Finland EUR 0.96%↓0.58%100 000 EURAaa (prime)
 Portugal EUR 0.71%↓0.63%100 000 EURA1 (upper medium grade)
 Denmark DKK 0.62%↓0.80%100 000 EURAaa (prime)
 Spain EUR 0.40%↓-0.73%100 000 EURAa2 (high grade)
 Slovenia EUR 0.36%↓-0.39%100 000 EURAa3 (high grade)
 Austria EUR 0.35%↓1.11%100 000 EURAaa (prime)
 Latvia EUR 0.31%↑0.50%100 000 EURAaa (prime)
 Germany EUR 0.29%↓0.21%100 000 EURAaa (prime)
 Sweden SEK 0.24%↓0.23%100 000 EURAaa (prime)
 Estonia EUR 0.24%↓0.39%100 000 EURAaa (prime)
 Lithuania EUR 0.14%↓-0.31%100 000 EURAaa (prime)
 Luxembourg EUR 0.14%↓0.47%100 000 EURAaa (prime)
Table 1. Deposit rates (June 2015) and bank deposit ratings (June 11, 2015). Source: ECB, IMF, National Central Banks, Moody's.

[1] Deposit rates are agreed annualised deposit rates of new deposit contracts with agreed maturity up to 1 year between credit institutions and households, the data are provided by European Central Bank, June 2015.

[2] Estimated annual percentages of average consumer prices in 2015, the data are provided by International Monetary Fund, World Economic Outlook.

[3]  The data are provided by National Central Banks and Deposit Insurance Organizations.

[4] Moody's country ceilings for deposits (as of June 11, 2015) specify the highest rating that can be assigned to local- or foreign- currency denominated deposit obligations of a bank or other deposit taking institution domiciled within that country. Because the deposit rates are given for local-currency contracts,  Moody's country ceilings for local currency are provided.


Deposit Rates in the EU
Chart 1. Deposit Rates (June 2015) in the European Union. Source: ECB.

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