Commentary on MFI interest rates

April 2026

Interest rates on new business

In April, interest rates on new deposits of households recorded the largest change for deposits redeemable at notice. As regards non-financial corporations, interest rates on deposits with agreed maturity saw the largest change.

The interest rate on household deposits with agreed maturity increased to 3.04%. The interest rate on overnight deposits rose to 1.48%. The interest rate on current account deposits rose marginally to 0.14%. The interest rate on deposits redeemable at notice increased by 0.10 percentage point to 1.81% (this is the only rate to include, besides the household sector, similar deposits of non-financial corporations, which are negligible in this category).

The rate on deposits of non-financial corporations with agreed maturity fell by 0.03 percentage point to 2.93%. The interest rate on overnight deposits was flat at 1.13%. The interest rate on current account deposits rose marginally to 0.68%. Deposits with agreed maturity of up to one year (which as a rule account for 100% of all deposits with agreed maturity in the case of this sector) were remunerated at a lower rate (2.93%).

Chart 1 – Interest rates of commercial banks on CZK deposits held by Czech residents – new business
Interest rates of commercial banks on CZK deposits held by Czech residents – new business

Source: ARAD data series system

Within interest rates on new loans to households, the biggest change was recorded for overdrafts in April. Interest rates on loans to non-financial corporations recorded the biggest change for loans of over CZK 30 million.

The overall interest rate on consumer credit, loans for house purchase and other loans fell to 5.07%. The interest rate on consumer credit declined month on month to 7.01%. The interest rate on loans for house purchase increased to 4.55%. The interest rate on building society loans decreased to 5.11%. The interest rate on mortgage loans increased to 4.51%, down by 0.15 percentage point on a year earlier. The interest rate on other loans increased to 5.10%. The interest rate on overdrafts and revolving loans decreased to 14.19%. The rate on credit cards picked up to 17.13%, while the rate on overdrafts stood at 15.40%, down by 0.16 percentage point.

Interest rates on new loans to non-financial corporations (excluding overdrafts, revolving loans and credit cards) increased to 5.45%. The rate on loans of up to CZK 7.5 million edged up to 6.06%. The rate on loans of over CZK 7.5 million and up to CZK 30 million rose to 5.33% and the rate on new loans of over CZK 30 million increased by 0.42 percentage point to 5.41%. The interest rate on overdrafts, revolving loans and credit card loans decreased to 5.28%. Within this category, the interest rate on overdrafts declined to 5.50%.

Chart 2 – Interest rates of commercial banks on CZK loans provided to Czech residents – new business
Interest rates of commercial banks on CZK loans provided to Czech residents – new business

Source: ARAD data series system

Interest rates on outstanding amounts

The average interest rates on outstanding amounts of deposits of households changed by just a few basis points in April. Similar changes were recorded for non-financial corporations.

The average interest rates on outstanding amounts of loans to households changed by just a few basis points in April. Interest rates on outstanding amounts of loans to non-financial corporations changed at a slower pace.

The overall interest rate on loans to households edged up to 4.65%. The interest rate on loans for house purchase also rose, reaching 3.95% (with the rate on outstanding amounts of mortgage loans picking up to 3.83%). The rate on consumer credit dropped to 8.08% and the rate on other loans increased to 4.88%.

The average interest rate on loans to non-financial corporations was unchanged at 5.17%. The rate on loans with maturity of up to one year decreased to 5.34%. The rate on loans with maturity of over one year and up to five years declined to 5.60%. The rate on loans with maturity of over five years increased, reaching 4.92%.

Notes: