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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]
 Poland PLN 1.52%1.60%100 000 EURAa3 (high grade)
 Netherlands EUR 1.36%1.30%100 000 EURAaa (prime)
 France EUR 1.18%1.20%100 000 EURAaa (prime)
 Cyprus EUR 1.11%0.70%100 000 EURA3 (upper medium grade)
 United Kingdom GBP 0.84%2.70%85 000 GBPAaa (prime)
 Malta EUR 0.78%1.30%100 000 EURAaa (prime)
 Romania RON 0.78%1.10%100 000 EURA3 (upper medium grade)
 Italy EUR 0.70%1.30%100 000 EURAa2 (high grade)
 Croatia HRK 0.66%1.30%100 000 EURBaa1 (lower medium grade)
 Greece EUR 0.61%1.10%100 000 EURB3 (highly speculative)
 Latvia EUR 0.55%2.90%100 000 EURAaa (prime)
 Slovakia EUR 0.55%1.40%100 000 EURAaa (prime)
 Czech Republic CZK 0.44%2.40%100 000 EURAa2 (high grade)
 Denmark DKK 0.43%1.10%100 000 EURAaa (prime)
 Estonia EUR 0.38%3.70%100 000 EURAaa (prime)
 Finland EUR 0.33%0.80%100 000 EURAaa (prime)
 Luxembourg EUR 0.25%2.10%100 000 EURAaa (prime)
 Hungary HUF 0.24%2.40%100 000 EURBaa1 (lower medium grade)
 Austria EUR 0.23%2.20%100 000 EURAaa (prime)
 Lithuania EUR 0.21%3.70%100 000 EURAaa (prime)
 Germany EUR 0.19%1.70%100 000 EURAaa (prime)
 Bulgaria BGN 0.18%1.20%100 000 EURA3 (upper medium grade)
 Portugal EUR 0.17%1.60%100 000 EURA1 (upper medium grade)
 Belgium EUR 0.14%2.20%100 000 EURAaa (prime)
 Slovenia EUR 0.14%1.60%100 000 EURAa1 (high grade)
 Sweden SEK 0.08%1.90%100 000 EURAaa (prime)
 Spain EUR 0.07%2.00%100 000 EURAa1 (high grade)
 

[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 2018.

[2] Estimated annual percentages of average consumer prices in 2017, 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 European Union

Chart 1. Deposit Rates (January 2018) in the European Union. Source: ECB.