New Deposits Reach Maximum Historical and Interest Increases Again in July . . Economic Journal
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9 Articles
The weighted average interest rates on new deposits and loans remained almost unchanged at 0.39% and 4.67% respectively, while the interest rate spread between new deposits and loans remained unchanged at 4.28 percentage points.
According to central bank data, the average interest rate on new private term deposits increased by 0.4 percentage points between June and July, from 1.55% to 1.59%, being the highest since April 2025 (1.64%).
Average profitability on new deposits increased for the sixth consecutive month, to 1.59%.
The average rate offered by banks in the new applications of individuals was set at 1.59%, the highest value since April 2025, according to data released by Banco de Portugal.
The average interest rate on overnight deposits by households remained almost unchanged, as according to the Bank of Greece (TTE) it remained at 0.03% in July. The article TTE: Marginal increase in interest rates on new loans and deposits in July, the picture in housing was published in NewsIT.
The remuneration of the new term deposits increased in July for the sixth consecutive month, to 1,59%, with the amount of new deposit operations reached a historical maximum, released today the Banco de Portugal (BdP). The content New deposits reach historical maximum and interest back to rise in July appears first in Folha Nacional.
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