06.07.2017 | Estimated 2 minutes reading time | Print this article

Interest Rate Radar – July 2017

This month we focus on the development of interest rates of term deposits with maturities of one and three years in the euro zone. If you are interested in the development of interest rates of term deposits in other European currencies we also provide relevant data below.


Highest Retail Deposit Interest Rates in the EU:
Southern European savers continue to enjoy the highest interest rates

As in the previous month, data shows that banks from Italy (1.89%), Portugal (1.08%) and France (0.98%) offered the best term deposits with a maturity of one year in the euro zone. The most attractive term deposits with maturities of three years were available in Italy (2.44%), France (1.22%) and Austria (1.14%).


Retail Deposit Interest Rates of the 3 largest banks:
Major Banks from the Netherlands and Germany offer near-to-zero interest rates

The largest banks from the Netherlands (0.02%) and Germany (0.03%) offered by far the worst interest rates in the euro zone. By doing so, they also created the largest gaps between their offers and those of their top 5 local counterparts. On the other hand, major banks from Italy and France still offered average interest rates of 0.27%.


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As of June 27th; Sources:

Austria: biallo; Erste Bank, Raiffeiseinbank Oberösterreich, BAWAG PSK
Belgium: Spaargrids; ING Belgien, KBC, Belfius Bank
Denmark: mybanker; Danske Bank, Nykredit, Nordea
France: FranceTransactions / cbanque; BNP Paribas, Societe Generale, Crédit Mutuel
Germany: biallo; Deutsche Bank, Commerzbank, HypoVereinsbank

Ireland: Bonkers.ie; Bank of Ireland, AIB, Ulster Bank
Italy: Conti Deposito; UniCredit, Monte Dei Paschi Di Siena, Mediobanca
Netherlands: Spaarrente; ING, Rabobank, Abn-Amro
Norway: Norsk Familieøkonomi; DNB, Danske Bank, Nordea
Poland: Oprocentowanie; PKO Bank Polski, Bank Pekao, mBank

Portugal: Pedro Pais; BPI, BCP, Novo Banco
Romania: Conso.ro; BCR, BRD, Banca Transilvania
Spain: bankimia, iahorro, helpmycash; Santander, BBVA, Sabadell
Sweden: Finansportalen; SEB, Nordea, Swenska Handelsbanka
United Kingdom: Moneyfacts; HSBC, Barclays, RBS