Other sites of Banque de France

Language switcher

You are here

Interest rates on deposits 2017Aug

Published on 10/04/2017
The remuneration of bank deposits declined slightly further
The average interest rate on bank deposits continued to decrease slightly in August (0.69%, down from 0.70% in July and 0.71% in June). This slight decrease was concentrated on non-financial corporations' deposits whose average interest rate diminished (0.34%, down from 0.35% in July) while that of households' deposits was stable at 0.94%. The reductions in remuneration were concentrated on term accounts, regardless of their duration.
Interest rates on outstanding amounts of deposits in percentage and seasonally adjusted (a)

Aug-2016 Jun-2017 July-2017 (e) Aug-2017 (f)
Average interest rates on bank deposits 0.81 0.71 0.70 0.69
Households 1.02 0.96 0.94 0.94
of which : - overnight deposits 0.04 0.03 0.03 0.03
- accounts with agreed maturity up to 2 years (g) (h) 1.36 1.15 1.02 0.96
- accounts with agreed maturity over 2 years (g) 2.34 1.88 1.85 1.83
- regulated savings accounts (b) 0.80 0.81 0.79 0.79
of which : passbooks A 0.75 0.75 0.75 0.75
- ordinary savings passbooks 0.41 0.30 0.30 0.30
- home savings plans 2.75 2.72 2.72 2.71
NFC 0.53 0.37 0.35 0.34
of which : - overnight deposits 0.15 0.12 0.12 0.11
- accounts with agreed maturity up to 2 years (g) 0.60 0.38 0.36 0.32
- accounts with agreed maturity over 2 years (g) 1.98 1.68 1.67 1.64
For information :
minimum bid rate in the Eurosystem tenders 0.00 - - 0.00
3-month Euribor (c) -0.30 -0.33 -0.33 -0.33
performance of the Constant Maturity Rate of 5 years (c), (d) -0.40 -0.19 -0.03 -0.12
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 on 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 %

Source and calculation: Banque de France
More infor mation on: long series, calendar, methodology

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

Publication available on mobile devices : Apple and Android
STAT INFO - August 2017



Interest rates on bank deposits







Contact :
DSMF Contact Stat Info

Download the PDF version of this document

Interest rates on deposits
  • Published on 10/04/2017
  • EN
  • PDF (309.45 KB)
Download (EN)

Published on Wednesday, October 4, 2017