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 2.40%↓2.90%100 000 EURA3 (upper medium grade)
 Cyprus EUR 2.30%↓0.70%100 000 EURB3 (highly speculative)
 Poland PLN 2.27%↑0.82%100 000 EURAa3 (high grade)
 Croatia HRK 2.16%↓0.18%100 000 EURA3 (upper medium grade)
 Bulgaria BGN 1.88%↓0.70%100 000 EURA3 (upper medium grade)
 Netherlands EUR 1.86%↑0.72%100 000 EURAaa (prime)
 Slovakia EUR 1.83%↓1.26%100 000 EURAaa (prime)
 Greece EUR 1.81%↑0.30%100 000 EURCaa1 (substantial risks)
 France EUR 1.66%↓0.93%100 000 EURAaa (prime)
 Hungary HUF 1.63%↑2.30%100 000 EURBaa2 (lower medium grade)
 Malta EUR 1.43%↑1.16%100 000 EURAaa (prime)
 Czech Republic CZK 1.41%↑1.90%100 000 EURAa2 (high grade)
 Italy EUR 1.34%↑0.46%100 000 EURAa2 (high grade)
 United Kingdom GBP 1.22%↑1.80%85 000 GBPAaa (prime)
 Portugal EUR 1.09%↓1.06%100 000 EURA1 (upper medium grade)
 Finland EUR 1.07%↑1.53%100 000 EURAaa (prime)
 Belgium EUR 0.82%↑0.96%100 000 EURAaa (prime)
 Germany EUR 0.56%no change1.25%100 000 EURAaa (prime)
 Sweden SEK 0.54%↓1.41%100 000 EURAaa (prime)
 Slovenia EUR 0.51%↓1.03%100 000 EURAa3 (high grade)
 Spain EUR 0.49%↓0.64%100 000 EURAa2 (high grade)
 Denmark DKK 0.47%↑1.60%100 000 EURAaa (prime)
 Austria EUR 0.41%↓1.70%100 000 EURAaa (prime)
 Latvia EUR 0.37%↓1.60%100 000 EURAaa (prime)
 Estonia EUR 0.37%↑1.45%100 000 EURAaa (prime)
 Lithuania EUR 0.34%↓1.30%100 000 EURAa1 (high grade)
 Luxembourg EUR 0.30%↓2.12%100 000 EURAaa (prime)
Table 1. Deposit rates (January 2015) and bank deposit ratings (October 20, 2014). 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, January 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 October 20, 2014) 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 (January 2015) in the European Union. Source: ECB.

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