Interest rates on deposits - 2025-03
Published on the 6th of May 2025
- In March 2025, the average remuneration on outstanding bank deposits held by households and non-financial corporations (NFCs) decreased by 3 basis points (bps) compared to February 2025, reaching 1.56%
- While the remuneration of households' deposits remained unchanged (-1 bp between February and March, down to 1.62%) it decreased by -7 bps to 1.42% for NFCs mainly driven by the drop in rates on time deposits with maturities of less than two years (-15 bps).
- Remuneration rates on new deposit agreements also continued to decline for both households and NFCs, with the sharpest decreases again observed on time deposits with maturities under two years (-15 bps between February and March for households, and -16 bps for NFCs).
Interest rates on outstanding amounts of deposits in percentage and seasonally adjusted
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| Outstanding amount (EUR bn) | Remuneration rate on outstanding amounts(a) | New business (€bn)) | Remuneration rate on new contracts) | |||||
| Mar- 2025 (p) | Mar- 2024 | Feb- 2025 (r) | Mar- 2025 (p) | Mar- 2025 (p) | Mar- 2024 | Feb- 2025 (r) | Mar- 2025 (p) | |
| NFCs' and households' bank deposits | 2,586 | 1.87 | 1.59 | 1.56 | ||||
| - Of which households | 1,875 | 1.88 | 1.63 | 1.62 | ||||
| of which : - overnight deposits (b) | 542 | 0.07 | 0.06 | 0.05 | ||||
| - regulated savings deposits (b,c) | 719 | 3.18 | 2.49 | 2.49 | ||||
| of which : "Livret A" | 403 | 3.00 | 2.40 | 2.40 | ||||
| - ordinary savings passbooks | 216 | 0.91 | 0.87 | 0.84 | ||||
| - deposits with agreed maturity up to 2 years (d) | 84 | 3.57 | 2.92 | 2.86 | 14 | 3.69 | 2.51 | 2.36 |
| - deposits with agreed maturity over 2 years (d) | 101 | 2.14 | 2.37 | 2.35 | 2 | 3.46 | 2.67 | 2.55 |
| - home savings plans (PEL) | 214 | 2.61 | 2.63 | 2.63 | 1 | 2.22 | 1.75 | 1.74 |
| Of which NFCs | 710 | 1.82 | 1.49 | 1.42 | ||||
| of which : - overnight deposits (b) | 482 | 0.79 | 0.61 | 0.57 | ||||
| - deposits with agreed maturity up to 2 years (d) | 153 | 4.01 | 3.26 | 3.11 | 38 | 3.81 | 2.71 | 2.55 |
| - deposits with agreed maturity over 2 years (d) | 75 | 3.53 | 3.40 | 3.42 | 2 | 3.88 | 3.05 | 2.94 |
| For information : | ||||||||
| Minimum bid rate in the Eurosystem tenders | 4.50 | 2.90 | 2.65 | |||||
| 3-month Euribor (e) | 3.92 | 2.53 | 2.44 | |||||
| Performance of the Constant Maturity Rate of 2 years (e), (f) | 2.93 | 2.25 | 2.29 | |||||
| Performance of the Constant Maturity Rate of 5 years (e), (f) | 2.67 | 2.64 | 2.80 | |||||
Notes:
- As part of our ongoing efforts to improve the quality of our statistics, several methodological changes have been made to the calculation of certain series as of the March 2025 reporting date. In particular, the scope of the series relating to non-financial corporations (NFCs) is now aligned with that of households (only deposits from resident NFCs are taken into account). These adjustments have led to a retrospective recalculation of the historical data for the affected series back to January 2012.
- Due to rounding, the sum may differ slightly from the total of the componentsa. 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. For overnight deposits and savings accounts, the rate on new contracts is assumed to be equal to the rate on outstanding amounts.
c. Regulated rates passbooks include "Livrets A", blue passbooks, sustainable development passbooks, home savings plans, youth passbooks and people's savings passbooks.
d. Including taxed saving books, other special saving accounts, people saving
plans (PEP) and subordinated loans Monthly averages.
e. Monthly averages.
f. 2 and 5 years Constant Maturity Rate. Source: French Bond Association.
r. Revised data.
p. Provisional data.
- As part of our ongoing efforts to improve the quality of our statistics, several methodological changes have been made to the calculation of certain series as of the March 2025 reporting date. In particular, the scope of the series relating to non-financial corporations (NFCs) is now aligned with that of households (only deposits from resident NFCs are taken into account). These adjustments have led to a retrospective recalculation of the historical data for the affected series back to January 2012.
- Due to rounding, the sum may differ slightly from the total of the componentsa. 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. For overnight deposits and savings accounts, the rate on new contracts is assumed to be equal to the rate on outstanding amounts.
c. Regulated rates passbooks include "Livrets A", blue passbooks, sustainable development passbooks, home savings plans, youth passbooks and people's savings passbooks.
d. Including taxed saving books, other special saving accounts, people saving
plans (PEP) and subordinated loans Monthly averages.
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 %)
"Livret A" and Ordinary savings passbooks
(in %)
Households' deposits with agreed maturity by duration
NFCs' deposits with agreed maturity by duration
(in %)
Source: BANQUE DE FRANCE - DIRECTION GÉNÉRALE DES STATISTIQUES, DES ÉTUDES ET DE L'INTERNATIONAL
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Updated on the 6th of May 2025