Commentary on MFI interest rates

November 2025

Interest rates on new business

Interest rates on new deposits of households recorded the largest changes for deposits with agreed maturity and overnight deposits in November. As regards non-financial corporations, interest rates on deposits in the same category saw the largest change.

The interest rate on household deposits with agreed maturity increased by 0.02 percentage point to 2.91%. Interest rates on overnight deposits saw the same increase to 1.42%. The interest rate on current account deposits was flat at 0.13% for the third consecutive month. The interest rate on deposits redeemable at notice decreased marginally to 1.65% (this rate is the only one to include, in addition to the household sector, also similar deposits of non-financial corporations, whose volumes are negligible in this category).

The rate on deposits of non-financial corporations with agreed maturity fell by 0.02 percentage point to 2.90%. By contrast, the interest rate on overnight deposits increased by 0.02 percentage point to 1.04%. The interest rate on current account deposits rose marginally to 0.57%. 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 (2.90%).

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, overdrafts recorded the biggest change in November. 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.

The overall interest rate on consumer credit, loans for house purchase and other loans edged down to 5.36%. The interest rate on consumer credit rose month on month to 7.91%. The rate on loans for house purchase fell to 4.56%. The interest rate on building society loans decreased to 5.34%. The interest rate on mortgage loans decreased to 4.49%, down by 0.20 percentage point on a year earlier. The interest rate on other loans increased to 5.14%. The interest rate on overdrafts and revolving loans decreased to 14.37%. Within this category, the interest rate on credit cards was flat at 17.19% and the interest rate on overdrafts decreased by 0.22 percentage point to 15.71%.

The interest rate on new loans to non-financial corporations (excluding overdrafts, revolving loans and credit cards) increased to 5.16%. The rate on loans of up to CZK 7.5 million declined to 5.59%. The rate on loans of over CZK 7.5 million and up to CZK 30 million fell by 0.20 percentage point to 5.20% and the rate on new loans of over CZK 30 million increased to 5.12%. The interest rate on overdrafts, revolving loans and credit card loans decreased marginally to 5.32%. The interest rate on overdrafts declined to 5.45%.

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 November. Similar changes were recorded for non-financial corporations.

The average changes in interest rates on outstanding amounts of loans to households were just a few basis points in November. Interest rates on outstanding amounts of loans to non-financial corporations changed at the same pace.

The overall interest rate on loans to households edged up to 4.57%. The interest rate on loans for house purchase also rose, reaching 3.81% (with the rate on outstanding amounts of mortgage loans picking up to 3.68%). The rate on consumer credit dropped to 8.38% and the rate on other loans increased to 4.79%.

The average interest rate on loans to non-financial corporations was unchanged at 5.18%. The rate on loans with maturity of up to one year edged up to 5.36%. The rate on loans with maturity of over one year and up to five years declined to 5.81%. The rate on loans with maturity of over five years was flat at 4.86%.

Notes: