Interest rates on deposits 2023Apr

Published on 5 June 2023

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  • The average interest rate on bank deposits rises again to 1.44% in April.
  • The average rate of return on household deposits reaches 1.66%.
  • The remuneration of NFC deposits stands at 1.13%, driven by both the rise in rates on term accounts and the more limited rise in rates on overnight deposits.
Interest rates on outstanding amounts of deposits in percentage and seasonally adjusted (a)

Outstanding amount (EUR bl) Remuneration rate
Apr-2023 (g) Apr-2022 Feb- 2023 Mar- 2023 (f) Apr-2023 (g)
Bank deposits (b) 3,117 0.50 1.32 1.37 1.44
of which Households 1,848 0.79 1.60 1.63 1.66
- overnight deposits 592 0.01 0.03 0.03 0.04
- deposits with agreed maturity up to 2 years (h) 36 0.39 2.25 2.48 2.65
- deposits with agreed maturity over 2 years (h) 64 0.71 1.08 1.15 1.23
- regulated savings deposits (c) 628 1.07 3.21 3.22 3.22
which : passbooks A 364 1.00 3.00 3.00 3.00
- ordinary savings passbooks 258 0.09 0.50 0.53 0.59
- home savings plans 270 2.58 2.59 2.55 2.59
of which NFC 868 0.09 0.90 1.02 1.13
- overnight deposits 586 0.04 0.34 0.37 0.43
- deposits with agreed maturity up to 2 years (h) 225 0.09 2.29 2.45 2.67
- deposits with agreed maturity over 2 years (h) 58 0.61 1.74 1.97 2.26
For information :
Minimum bid rate in the Eurosystem tenders 0.00 3.00 3.50 3.50
3-month Euribor (d) -0.45 2.64 2.91 3.18
Performance of the Constant Maturity Rate of 5 years (d), (e) 0.79 2.72 2.79 2.73
Note: Due to rounding, the sum may differ slightly from the total of the components

a. Interest rates presented here are effective rates calculated by dividing the accrued interest flows for the months under review by the monthly averages 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. In addition to the households' and NFC's deposits, the global deposits remuneration rate includes other money-holding sectors (other general government, insurance corporations, non-monetary market funds, investment funds and securitization vehicle)
c. Regulated rates passbooks include passbooks A, blue passbooks, sustainable development passbooks, home savings plans, youth passbooks and people's savings passbooks.
d. Monthly averages.
e. 5 years Constant Maturity Rate. Source: French Bond Association.
f. Revised data.
g. Provisional data.
h. Including taxed saving books, other special saving accounts, people saving plans (PEP) and subordinated loans
Remuneration on deposits with monetary financial institutions
Households and NFC's deposits (in %)
Households and NFC's deposits with agreed maturity by duration (in %)
Passbooks A and Ordinary savings passbooks
(in %)
Home savings plans 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%
Source: BANQUE DE FRANCE - DIRECTION GÉNÉRALE DES STATISTIQUES, DES ÉTUDES ET DE L'INTERNATIONAL
More information on: long series, calendar, methodology

All statistical time series published by the Banque de France can be accessed on Webstat Banque de France

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STAT INFO - April 2023
Interest rates on bank deposits
Contact Stat Info
Download the PDF version of the document
TAU_REM_DEP_BAN_2270_en__SI-TauxInteretDepots_202304_EN.pdf
TAU_REM_DEP_BAN_2270_en__SI-TauxInteretDepots_202304_EN.pdf (PDF - 195 Ko)