Commentary on MFI interest rates

August 2026

Interest rates on new business

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

The interest rate on household deposits with agreed maturity increased by 0.05 percentage point to 3.38%. The interest rate on overnight deposits rose to 1.54%. The interest rate on current account deposits edged down to 0.14%. The interest rate on deposits redeemable at notice increased to 1.86% (the only rate to include, besides the household sector, deposits of non-financial corporations, which are negligible in this category).

The rate on deposits of non-financial corporations with agreed maturity was unchanged at 3.23%. The interest rate on overnight deposits rose to 1.21%. The interest rate on current account deposits picked up to 0.74%. 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 marginally lower rate (3.22%).

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, housing loans recorded the most significant change in August. Interest rates on loans to non-financial corporations saw the largest changes for loans of over CZK 7.5 million and up to CZK 30 million, and for loans of over CZK 30 million.

The overall interest rate on consumer credit, loans for house purchase and other loans rose to 5.68%. The interest rate on consumer credit was unchanged month on month at 7.99%. The interest rate on housing loans increased by 0.10 percentage point to 4.94%. The interest rate on building society loans went up to 5.88%. The interest rate on mortgage loans rose to 4.86%, up by 0.31 percentage point on a year earlier. The interest rate on other loans increased to 5.53%. The interest rate on overdrafts and revolving loans increased to 14.36%. Within this category, the interest rate on credit cards fell slightly to 16.82% and the interest rate on overdrafts rose to 15.49%.

Interest rates on new loans to non-financial corporations (excluding overdrafts, revolving loans and credit cards) increased to 5.60%. The rate on loans of up to CZK 7.5 million edged up to 6.33%. The rate on loans of over CZK 7.5 million and up to CZK 30 million fell by 0.12 percentage point to 5.44%, while the rate on new loans of over CZK 30 million increased by the same amount to 5.55%. The interest rate on overdrafts, revolving loans and credit card loans decreased to 5.53%. The interest rate on overdrafts fell to 5.77%.

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 August. 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 August. Interest rates on outstanding amounts of loans to non-financial corporations saw similar changes.

The overall interest rate on loans to households edged up to 4.76%. The interest rate on loans for house purchase also rose, reaching 4.08% (with the rate on outstanding amounts of mortgage loans increasing to 3.97%). The rate on consumer credit remained unchanged at 8.03%, while the rate on other loans went up to 4.99%.

The average interest rate on loans to non-financial corporations edged up to 5.39%. The rate on loans with maturity of up to one year decreased to 5.59%. The rate on loans with maturity of over one year and up to five years declined to 5.77%. The rate on loans with maturity of over five years rose to 5.14%.

Notes: