Commentary on MFI interest rates

February 2026

Interest rates on new business

Interest rates on new deposits of households recorded the largest change for deposits redeemable at notice in February. As regards non-financial corporations, interest rates on current account deposits saw the largest change.

The interest rate on household deposits with agreed maturity was unchanged at 2.93%. The interest rate on overnight deposits edged up to 1.44%. The interest rate on current account deposits was flat at 0.13%. The interest rate on deposits redeemable at notice decreased by 0.03 percentage point to 1.69% (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 was unchanged at 2.91%. The interest rate on overnight deposits rose to 1.12%. The rate on current account deposits increased by 0.04 percentage point, to 0.66%. Deposits with agreed maturity of up to one year (which as a rule account for 100% of all deposits with agreed maturity in this sector) remained flat at 2.91%.

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, consumer credit recorded the most significant change in February. Interest rates on loans to non-financial corporations recorded the biggest change for loans of up to CZK 7.5 million.

The overall interest rate on consumer credit, loans for house purchase and other loans fell to 5.21%. The interest rate on consumer credit decreased by 0.63 percentage point month on month to 7.34%. The interest rate on loans for house purchase was unchanged at 4.55%. The interest rate on building society loans decreased slightly to 5.26%. The interest rate on mortgage loans was flat at 4.47%, down by 0.21 percentage point on a year earlier. The interest rate on other loans fell to 5.07%. The interest rate on overdrafts and revolving loans decreased to 14.24%. Within this category, the interest rate on credit cards rose to 17.39% and the rate on overdrafts decreased to 15.42%.

Interest rates on new loans to non-financial corporations (excluding overdrafts, revolving loans and credit cards) rose to 5.22%. The rate on loans of up to CZK 7.5 million dropped by 0.33 percentage point to 5.89%. The rate on loans of over CZK 7.5 million and up to CZK 30 million fell slightly to 5.20% and the rate on new loans of over CZK 30 million rose to 5.16%. The interest rate on overdrafts, revolving loans and credit card loans decreased to 5.37%. Within this category, the interest rate on overdrafts declined to 5.64%.

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 February. 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 February. Interest rates on outstanding amounts of loans to non-financial corporations changed at a similar pace.

The overall interest rate on loans to households edged up to 4.61%. The interest rate on loans for house purchase also rose, reaching 3.89% (with the rate on outstanding amounts of mortgage loans picking up to 3.76%). The rate on consumer credit dropped to 8.25% and the rate on other loans increased to 4.83%.

The average interest rate on loans to non-financial corporations was flat at 5.16%. The rate on loans with maturity of up to one year decreased to 5.43%. At 5.61%, the rate on loans with maturity of over one year and up to five years was unchanged. The rate on loans with maturity of over five years also remained unchanged at 4.87%.

Notes: