The Danes’ deposit rate averaging -0.21 per cent
In May 2021, the average interest rate on Danish private customers’ ordinary deposits was -0.21 per cent per annum. The deposit rate has thus decreased 0.14 percentage points in 2021. The large decrease in the average rate must be seen in light of the fact that the share of private customers’ deposits with negative rate increased from 13 per cent to 30 per cent in the same period. This corresponds to kr. 310 billion of the Danes’ total deposits earning negative interest in May 2021.