Interest rates on deposits 2017Mar

The average remuneration on bank deposits decreases slightly
The average interest rate on bank deposits decreases slightly in March (0.74%, down from 0.76% in February). This slight movement can be observed on both households deposits (0.97%, down from 0.98%) and NFCs ones (0.41%, down from 0.43%).
Interest rates on outstanding amounts of deposits in percentage and seasonally adjusted (a)

Mar-16 Jan-17 feb-17 (e) Mar-17 (f)
Average interest rates on bank deposits 0,87 0,76 0,76 0,74
Households 1,07 0,99 0,98 0,97
of which : - overnight deposits 0,05 0,04 0,04 0,03
- accounts with agreed maturity up to 2 years (g) 1,49 1,26 1,29 1,27
- accounts with agreed maturity over 2 years (g) 2,48 2,07 2,05 2,02
- regulated savings accounts (b) 0,80 0,79 0,80 0,79
of which : passbooks A 0,75 0,75 0,75 0,75
- ordinary savings passbooks 0,53 0,32 0,33 0,31
- home savings plans 2,78 2,73 2,73 2,73
NFC 0,61 0,44 0,43 0,41
of which : - overnight deposits 0,18 0,12 0,12 0,12
- accounts with agreed maturity up to 2 years (g) 0,74 0,46 0,47 0,43
- accounts with agreed maturity over 2 years (g) 2,09 1,83 1,79 1,77
For information :
minimum bid rate in the Eurosystem tenders 0,00 0,00 0,00 0,00
3-month Euribor (c) -0,23 -0,33 -0,33 -0,33
performance of the Constant Maturity Rate of 5 years (c), (d) -0,17 -0,13 0,01 0,07
a. Interest rates presented here are effective rates calculated by dividing the accrued interest flows months under review to the monthly average of the corresponding outstanding amounts. For the different types of deposits, including step-up deposits, they correspond to the average conditions practiced during the month under review by the French credit institutions on deposits of non-financial corporations and households (including non-profit institutions serving households) residents.

b. Regulated rates passbooks include passbooks A, blue passbooks, sustainable development passbooks, home savings plans, youth passbooks and people's savings passbooks.

c. Monthly average.

d. Constant Maturity Rate of 5 years. Source: Bond Standardization Committee.

e. Revised data.

f. Provisional data.

g. Including taxed saving books, other special saving accounts, people saving plans (PEP) and subordinated loans.
Source : Banque de France
Remuneration for deposits with monetary financial institutions
Accounts with agreed maturity up to 2 years and deposits, seasonally adjusted
In %
Livret A and Ordinary savings passbooks
In %
PEL
In %
* The regulatory formula of the rate of the PEL (home savings plans)

is the maximum of the following two terms:

- 70% 5-year swap rate + 30% (10-year swap rate - 2-year swap rate),rounded up to the nearest 1/4 percentage point,

- 1 %
More infor mation on:time series, calendar, methodology

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STAT INFO - March 2017

Interest rates on bank deposits



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Interest rates on deposits
  • Published on 05/05/2017
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Published on Friday, May 5, 2017