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’ deposit interest rate has fallen to 0.9 percent
Since the deposit interest rate last peaked in mid-2024, the interest rate on private customers’ deposits has, on average, fallen by nearly 0.7 percentage points. This has occurred following the recent period’s decline in monetary policy rates. Thus, the average deposit interest rate was 0.9 percent in March. The lower interest level has meant that private customers earned kr. 738 million in accrued interest in March. This is kr. 526 million less than in July 2024 despite deposits having increased since then. Private customers’ deposits are varied, and the average interest rate encompasses several types of deposits with very different interest rate levels, for example, the interest rate on many regular transaction accounts is currently 0 percent. Compared to banks’ lending to private customers, lending interest rates have, on average, fallen by just under 1.3 percentage points since they last peaked in early 2024. The current average lending interest rate is approximately 4.9 percent.
The deposit interest rate for private customers has fallen by almost 0.7 percentage points
Note:
The figure shows the average interest rate on Danish private customers’ (employees, pensioners etc.) interest-bearing deposits (i.e., excluding deposits invested via pooling schemes). Find chart data in the Statbank.