Highest rate of term deposits at 2.45% in August, Central Bank figures show

07:48 - 15 October 2024

Financial Services Reporter

The highest interest rate on term deposits of up to one year by households in August 2024 stood at 2.45% while the highest interest rate on loans for the purchase of a house was at 4.96%, figures released by the Central Bank of Cyprus show.

The highest interest rate on deposits with a term of up to one year for new projects from eurozone households was offered by the National Bank of Greece (Cyprus) at 2.45% and the lowest by Hellenic Bank at 1.36%, while the highest deposit rate for companies was offered by Hellenic Bank at 2.83%.

The highest interest rate on loans (floating) for the purchase of housing to households and with an initial determination period of up to one year (new contracts) was held by the Cyprus Development Bank at 4.96%, followed by Eurobank Cyprus 4.65% and Astrobank 4.60%, while the lowest interest rate for household loans was offered by the Housing Finance Corporation at 3.02%.

The highest rate of loans (floating) to companies up to one million euros and an initial determination period of up to one year (new contracts) was offered by Banque SBA at 8.05%, followed by Societe Generale Bank Cyprus at 6.84%.

(Source: CNA)

Highest rate of term deposits at 2.45% in August, Central Bank figures show

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