Interest rates on deposits - 2024-09
Published on the 31st of October 2024
- After a peak in May 2024 at 1.90%, the average return on outstanding bank deposits fell slightly to 1.86% in September 2024.
- Compared with August 2024, the return of household deposits remained stable at 1.86%, as did that of deposits from non-financial companies (NFCs) at 1.98%. Indeed, the return of each product changed very little over the period.
Interest rates on outstanding amounts of deposits in percentage and seasonally adjusted (a)
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| Outstanding amount (EUR bl) | Remuneration rate | ||||
| Sep- 2024 (p) | Sep- 2023 | Jul- 2024 | Aug- 2024 (r) | Sep- 2024 (p) | |
| Bank deposits (b) | 3,128 | 1.67 | 1.89 | 1.87 | 1.86 |
| of which Households | 1,885 | 1.76 | 1.90 | 1.86 | 1.86 |
| - overnight deposits | 557 | 0.05 | 0.07 | 0.07 | 0.07 |
| - deposits with agreed maturity up to 2 years (c) | 87 | 3.31 | 3.54 | 3.51 | 3.51 |
| - deposits with agreed maturity over 2 years (c) | 96 | 1.61 | 2.32 | 2.36 | 2.38 |
| - regulated savings deposits (d) | 697 | 3.22 | 3.17 | 3.06 | 3.06 |
| which : passbooks A | 393 | 3.00 | 3.00 | 3.00 | 3.00 |
| - ordinary savings passbooks | 221 | 0.75 | 0.93 | 0.94 | 0.93 |
| - home savings plans | 226 | 2.60 | 2.63 | 2.62 | 2.63 |
| of which NFC | 853 | 1.60 | 1.95 | 1.98 | 1.98 |
| - overnight deposits | 515 | 0.63 | 0.75 | 0.79 | 0.78 |
| - deposits with agreed maturity up to 2 years (c) | 268 | 3.43 | 3.92 | 3.91 | 3.88 |
| - deposits with agreed maturity over 2 years (c) | 70 | 2.92 | 3.65 | 3.65 | 3.53 |
| For information : | |||||
| Minimum bid rate in the Eurosystem tenders | 4.50 | 4.25 | 4.25 | 3.65 | |
| 3-month Euribor (e) | 3.88 | 3.69 | 3.55 | 3.43 | |
| Performance of the Constant Maturity Rate of 2 years (d), (f) | 3.29 | 2.97 | 2.62 | 2.43 | |
| Performance of the Constant Maturity Rate of 5 years (d), (f) | 3.04 | 2.89 | 2.63 | 2.53 | |
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. Including taxed saving books, other special saving accounts, people saving plans (PEP) and subordinated loans
d. Regulated rates passbooks include passbooks A, blue passbooks, sustainable development passbooks, home savings plans, youth passbooks and people's savings passbooks.
e. Monthly averages.
f. 2 and 5 years Constant Maturity Rate. Source: French Bond Association.
r. Revised data.
p. Provisional data.
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. Including taxed saving books, other special saving accounts, people saving plans (PEP) and subordinated loans
d. Regulated rates passbooks include passbooks A, blue passbooks, sustainable development passbooks, home savings plans, youth passbooks and people's savings passbooks.
e. Monthly averages.
f. 2 and 5 years Constant Maturity Rate. Source: French Bond Association.
r. Revised data.
p. Provisional data.
Remuneration on deposits with monetary financial institutions
Households and NFC's deposits (in %)
Households and NFC's deposits with agreed maturity by duration (in %)
"Livret A" and Ordinary savings passbooks
(in %)
Home savings plans PEL
(in %)
Source: BANQUE DE FRANCE - DIRECTION GÉNÉRALE DES STATISTIQUES, DES ÉTUDES ET DE L'INTERNATIONAL
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EN_Stat_Info_Interest_rates_on_bank_deposits_202409_EN.pdf
Updated on the 30th of October 2024