Statistical news focuses on the latest figures and trends in Danmarks Nationalbank’s statistics. Statistical news is targeted at people who want quick insight into current financial data.
Private customers' interest-bearing deposits surpass kr. 1 trillion
Private customers’ deposits continue to increase. At the end of April, their total interest-bearing deposits surpassed kr. 1 trillion for the first time. In April 2024, Danes received a record-high amount of excess tax refunds, namely kr. 25.7 billion. This has had a visible effect on their deposits, which have increased by kr. 19 billion in April. Of this amount, kr. 15 billion have been placed in demand deposit accounts, and kr. 4 billion in fixed term deposit accounts. There are several reasons why private customers' deposits continue to be on the rise. Employment growth, wage increases, and dividend payments have sent more money into circulation, and rising interest rates have made fixed term deposits more attractive. However, this deposit growth should also be seen in the light of a period of high inflation, which has eroded the purchasing power of private customers' deposits.
Private customers’ interest-bearing deposits now amount to kr. 1,003 billion
Note:
The figure shows the total deposits, as well as the portion of the deposits that are interest-bearing for Danish private customers (sector 1430). By interest-bearing deposits, we mean deposits placed in accounts with interest accrual (positive, zero or negative). This means that deposits placed in pooling schemes, which do not have fixed interest accrual but rather returns based on underlying investments, are not included in the interest-bearing deposits.