Commentary on MFI interest rates
July 2026
Interest rates on new business
In July, interest rates on new deposits of households recorded the largest change for deposits with agreed maturity. 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 0.22 percentage point to 3.33%. The interest rate on overnight deposits was flat at 1.52%. The interest rate on current account deposits was also unchanged at 0.15%. The interest rate on deposits redeemable at notice increased slightly to 1.85% (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 picked up by 0.11 percentage point to 3.23%. The interest rate on overnight deposits decreased to 1.19%. The interest rate on current account deposits fell to 0.72%. 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 higher rate (3.23%).
Chart 1 – 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 other loans in July. 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 rose to 5.59%. The interest rate on consumer credit rose month on month to 7.99%. The interest rate on loans for house purchase increased to 4.84%. The interest rate on building society loans went up to 5.85%. The interest rate on mortgage loans rose to 4.76%, up by 0.21 percentage point on a year earlier. The rate on other loans picked up by 0.13 percentage point to 5.47%. The interest rate on overdrafts and revolving loans increased to 14.32%. Within this category, the interest rate on credit cards fell slightly to 16.84% and the interest rate on overdrafts rose to 15.48%.
The interest rate on new loans to non-financial corporations (excluding overdrafts, revolving loans and credit cards) increased to 5.52%. The rate on loans of up to CZK 7.5 million edged up to 6.29%. The rate on loans of over CZK 7.5 million and up to CZK 30 million grew by 0.11 percentage point to 5.56% and the rate on new loans of over CZK 30 million increased to 5.43%. The interest rate on overdrafts, revolving loans and credit card loans increased to 5.55%. The interest rate on overdrafts increased to 5.83%.
Chart 2 – 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 July. 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 July. 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 4.73%. The interest rate on loans for house purchase also rose, reaching 4.05% (with the rate on outstanding amounts of mortgage loans increasing to 3.94%). The rate on consumer credit dropped to 8.03%, while the rate on other loans went up to 4.96%.
The average interest rate on loans to non-financial corporations rose to 5.38%. The rate on loans with maturity of up to one year increased to 5.61%. The rate on loans with maturity of over one year and up to five years grew to 5.78%. The rate on loans with maturity of over five years rose to 5.12%.
Notes:
- Interest rate statistics are based on Regulation of the European Central Bank on interest rates applied by monetary financial institutions to deposits and loans vis-à-vis households and non-financial corporations (ECB/2013/34) (pdf, 1 MB).
- Interest rates are converted to an annual basis and quoted in percentages per annum. They are the average interest rates for the entire Czech banking sector in CZK in the given month.
- The concept of new business and outstanding amounts
- In the case of specific indicators – overnight deposits, deposits redeemable at notice, bank overdrafts, revolving loans and credit card loans – the concept of new business is extended to the whole outstanding amount.