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]
 Netherlands EUR 1.72%↑0.32%100 000 EURAaa (prime)
 Poland PLN 1.63%↓-0.24%100 000 EURAa3 (high grade)
 Cyprus EUR 1.52%↑0.60%100 000 EURBaa1 (lower medium grade)
 Slovakia EUR 1.41%↑0.16%100 000 EURAaa (prime)
 Croatia HRK 1.21%↓0.40%100 000 EURBaa1 (lower medium grade)
 Italy EUR 1.08%↑0.17%100 000 EURAa2 (high grade)
 Czech Republic CZK 1.07%↑1.03%100 000 EURAa2 (high grade)
 Malta EUR 0.98%↓1.55%100 000 EURAaa (prime)
 United Kingdom GBP 0.97%↑0.78%75 000 GBPAaa (prime)
 Romania RON 0.95%↓-0.44%100 000 EURA3 (upper medium grade)
 Greece EUR 0.87%↑0.02%100 000 EURCaa3 (in default with little prospect for recovery)
 France EUR 0.82%↓0.40%100 000 EURAaa (prime)
 Bulgaria BGN 0.55%no change0.19%100 000 EURA3 (upper medium grade)
 Finland EUR 0.48%↑0.38%100 000 EURAaa (prime)
 Hungary HUF 0.47%↓0.50%100 000 EURBaa2 (lower medium grade)
 Portugal EUR 0.36%↓0.66%100 000 EURA1 (upper medium grade)
 Germany EUR 0.33%↑0.48%100 000 EURAaa (prime)
 Austria EUR 0.33%↑1.45%100 000 EURAaa (prime)
 Luxembourg EUR 0.30%↑0.51%100 000 EURAaa (prime)
 Denmark DKK 0.27%↑0.80%100 000 EURAaa (prime)
 Latvia EUR 0.26%↓0.53%100 000 EURAaa (prime)
 Estonia EUR 0.26%↑1.96%100 000 EURAaa (prime)
 Slovenia EUR 0.21%↑0.11%100 000 EURAa3 (high grade)
 Spain EUR 0.16%↓-0.38%100 000 EURAa2 (high grade)
 Sweden SEK 0.14%↓1.09%100 000 EURAaa (prime)
 Lithuania EUR 0.13%↑0.62%100 000 EURAaa (prime)
 Belgium EUR 0.13%↓1.16%100 000 EURAaa (prime)
Table 1. Deposit rates (August 2016) and bank deposit ratings (September 02, 2016). 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, August 2016.

[2] Estimated annual percentages of average consumer prices in 2016, 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 September 02, 2016) 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 (August 2016) in the European Union. Source: ECB.

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