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.
Danes expect unchanged deposit rate at 1 per cent
Since October 2024, Danmarks Nationalbank has surveyed Danish residents each month about their expectations regarding the economy, including the interest rate on savings. Respondents are asked what interest rate they expect their bank to offer if they deposit an amount equivalent to their own monthly income in an account of their choice. Since 2025, the median expected deposit rate has been 1 per cent. However, expectations vary across the population, including across age groups. This is shown by statistics based on Danmarks Nationalbank's Expectations Survey, which also examines Danes’ expectations regarding income, inflation, consumption and the housing market. All tables are available in the StatBank.
The expectation for the interest rates has been 1 per cent since 2024
Note:
The chart shows the median, lower quartile and upper quartile for the indicator ‘expectations of offered interest rate on savings equivalent to one's own monthly income’ from table DNNFU3 in the StatBank. Find the data here (link).
The median expectation is stable, while dispersion is substantial
A median expected deposit rate of 1 per cent means that half of Danes expect to be offered a rate above 1 per cent, while the other half expect to be offered a lower rate. Expectations are, however, relatively dispersed. This is reflected in the distance between the upper and lower quartiles, which represent the highest 25 per cent and the lowest 25 per cent of expectations, respectively. This distance is used as a measure of dispersion. Since 2024, it has remained relatively stable, ranging from 1.5 to 2.1 percentage points. Statistics regarding the Danes' expectations to the interest rate can be found here (link).
Interest rate expectations vary by age
The statistics can be broken down by various population characteristics. One example is age, where responses can be grouped into three categories: those aged 18-39. those aged 40-59, and those aged 60 and above.
Compared with the two older groups, younger Danes have slightly higher expectations, ranging between 1 and 2 per cent over the past two years. By contrast, both the group from 40-59 and those aged 60 and above have expectations for the deposit rate that are both lower and more stable.
The differences may be related to the choice of savings account. For example, some banks offer savings accounts with higher interest rates to specific customer groups. In addition, customers with a mortgage at the bank can often obtain a higher rate on deposit accounts linked to the loan, known as lending-related deposits. Finally, several banks offer a higher rate if the savings are locked in for a specified period. For those able to set money aside, this is, all else being equal, a more attractive option.
Young Danes expect the highest deposit rates
Note:
The chart shows the median by population age group for the indicator ‘expectations of offered interest rate on savings equivalent to one's own monthly income’ from table DNNFU3 in the StatBank. Find the data here (link).
About Danmarks Nationalbank's Expectations Survey
In Danmarks Nationalbank's Expectations Survey, a sample of residents in Denmark is invited each month to answer a range of questions about their expectations regarding the economy, including income, inflation, interest rates, consumption and house prices.
Read more about why Danmarks Nationalbank asks Danes about their expectations here (link).
The results of the survey are published as aggregated statistics in the StatBank (link), thereby contributing to public knowledge about expectation formation. People's expectations about the future influence how they spend, borrow and invest money.
The figures in the statistics reflect the expectations of Danish residents, not Danmarks Nationalbank's forecast.
Each table in the StatBank contains data for overall expectations as well as four separate breakdowns of the population. These breakdowns are created by linking survey responses with register data from Statistics Denmark. The four breakdowns are age, income, gender and region.
In connection with the launch of the new statistics, Danmarks Nationalbank will publish a series of Statistical News releases before the end of the year, introducing each of the five new tables. This Statistical News release introduces the table on interest rates (link).