Interest rates on deposits 2021Jul
Published on 1 September 2021
Interest rates on bank deposits - France - April 2021
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The average interest rates on bank deposits decreases in July at 0.41%
The average interest rates on bank deposits decreases in July at 0.41%
In July 2021, the average interest rate on bank deposits decreases from 0.43% to 0.41%. This variation is due to a lower rate on overnight deposits for both households and non-financial companies, induced by the modification of a regulation regarding the rate of consignment deposits and assimilated deposits under the custody of a public financial institution. The overnight deposits rate for these specific funds, such as notary repositories or rents received by social housing companies, was formerly 0.75% and is now 0.30%. On 31th July 2021, the share of the deposits in the scope of this modified regulation is less than 2% for the households and the non-financial companies.
Interest rates on outstanding amounts of deposits in percentage and seasonally adjusted (a)
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| juil. 2020 | May-2021 | Jun-2021 (e) | juil. 2021 (f) | |
| Average interest rates on bank deposits | 0.47 | 0.44 | 0.43 | 0.41 |
| Households | 0.69 | 0.65 | 0.65 | 0.64 |
| of which : - overnight deposits | 0.02 | 0.02 | 0.02 | 0.01 |
| - deposits with agreed maturity up to 2 years (g) | 0.56 | 0.43 | 0.43 | 0.43 |
| - deposits with agreed maturity over 2 years (g) | 1.12 | 0.91 | 0.90 | 0.86 |
| - regulated savings deposits (b) | 0.53 | 0.53 | 0.53 | 0.53 |
| of which : passbooks A | 0.50 | 0.50 | 0.50 | 0.50 |
| - ordinary savings passbooks | 0.12 | 0.10 | 0.10 | 0.10 |
| - home savings plans | 2.63 | 2.60 | 2.60 | 2.60 |
| NFC | 0.16 | 0.13 | 0.13 | 0.10 |
| of which : - overnight deposits | 0.08 | 0.07 | 0.08 | 0.04 |
| - deposits with agreed maturity up to 2 years (g) | 0.17 | 0.12 | 0.13 | 0.13 |
| - deposits with agreed maturity over 2 years (g) | 1.00 | 0.74 | 0.72 | 0.69 |
| For information : | ||||
| Minimum bid rate in the Eurosystem tenders | 0.00 | 0.00 | 0.00 | 0.00 |
| 3-month Euribor (c) | -0.44 | -0.54 | -0.54 | -0.55 |
| Performance of the Constant Maturity Rate of 5 years (c), (d) | -0.54 | -0.38 | -0.41 | -0.51 |
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. Regulated rates passbooks include passbooks A, blue passbooks, sustainable development passbooks, home savings plans, youth passbooks and people's savings passbooks.
c. Monthly averages.
d. 5 years Constant Maturity Rate. Source: French Bond Association.
e. Revised data.
f. Provisional data.
g. Including taxed saving books, other special saving accounts, people saving plans (PEP) and subordinated loans
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. Regulated rates passbooks include passbooks A, blue passbooks, sustainable development passbooks, home savings plans, youth passbooks and people's savings passbooks.
c. Monthly averages.
d. 5 years Constant Maturity Rate. Source: French Bond Association.
e. Revised data.
f. Provisional data.
g. 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%
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
Download the PDF version of the document
TAU_REM_DEP_BAN_2239_en__SI-TauxInteretDepots_202107_EN.pdf
Updated on 1 September 2021