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]
 Romania RON 2.32%↓1.03%100 000 EURA3 (upper medium grade)
 Croatia HRK 2.21%↑-0.89%100 000 EURA3 (upper medium grade)
 Poland PLN 2.08%↓-0.83%100 000 EURAa3 (high grade)
 Slovakia EUR 2.02%↑0.04%100 000 EURAaa (prime)
 Greece EUR 1.82%↑-0.30%100 000 EURCaa3 (in default with little prospect for recovery)
 Cyprus EUR 1.73%↓-1.00%100 000 EURB3 (highly speculative)
 Bulgaria BGN 1.70%↓-1.03%100 000 EURA3 (upper medium grade)
 Hungary HUF 1.59%↓0.00%100 000 EURBaa2 (lower medium grade)
 Czech Republic CZK 1.56%↑-0.05%100 000 EURAa2 (high grade)
 France EUR 1.54%↓0.11%100 000 EURAaa (prime)
 Belgium EUR 1.46%↑0.06%100 000 EURAaa (prime)
 Netherlands EUR 1.44%↓-0.15%100 000 EURAaa (prime)
 Italy EUR 1.24%↓0.00%100 000 EURAa2 (high grade)
 United Kingdom GBP 1.15%↓0.13%85 000 GBPAaa (prime)
 Malta EUR 1.14%↓1.08%100 000 EURAaa (prime)
 Finland EUR 1.04%↓0.58%100 000 EURAaa (prime)
 Portugal EUR 0.93%↓0.63%100 000 EURA1 (upper medium grade)
 Luxembourg EUR 0.47%↑0.47%100 000 EURAaa (prime)
 Slovenia EUR 0.46%↓-0.39%100 000 EURAa3 (high grade)
 Sweden SEK 0.45%↓0.23%100 000 EURAaa (prime)
 Spain EUR 0.44%↓-0.73%100 000 EURAa2 (high grade)
 Austria EUR 0.41%no change1.11%100 000 EURAaa (prime)
 Germany EUR 0.40%↓0.21%100 000 EURAaa (prime)
 Estonia EUR 0.36%↓0.39%100 000 EURAaa (prime)
 Denmark DKK 0.35%↓0.80%100 000 EURAaa (prime)
 Latvia EUR 0.31%↓0.50%100 000 EURAaa (prime)
 Lithuania EUR 0.23%↓-0.31%100 000 EURAaa (prime)
Table 1. Deposit rates (March 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, March 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 (March 2015) in the European Union. Source: ECB.

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