German savings rates

This series shows what German banks pay on average for overnight deposits. The interesting part is the gap to the ECB deposit rate — the spread banks keep for themselves. Historically that gap narrows only slowly when the ECB raises rates, and closes quickly when it cuts.

Germany savings rates (overnight deposits) 0.50 %

ECB deposit facility rate 2.50 %

As of July 2026 · series since 2000-01-01 (319 observations) · change vs previous -0.01.

All-time high2.09 %

All-time low-0.02 %

Data starts2000-01-01

Frequencymonthly

Data note 1

History by year

Year-end values
Year	Germany savings rates (overnight deposits)	ECB deposit facility rate
2026	0.50	2.50
2025	0.44	2.00
2024	0.56	3.00
2023	0.60	4.00
2022	0.07	2.00
2021	-0.01	-0.50
2020	0.00	-0.50
2019	0.01	-0.50
2018	0.02	-0.40
2017	0.03	-0.40
2016	0.07	-0.40
2015	0.13	-0.30
2014	0.22	-0.20
2013	0.34	0.00
2012	0.51	0.00
2011	0.85	0.25
2010	0.66	0.25
2009	0.75	0.25
2008	1.85	2.00
2007	1.83	3.00
2006	1.49	2.50
2005	1.20	1.25
2004	1.17	1.00
2003	1.08	1.00
2002	1.27	1.75

Relationship with equity markets

Correlation of changes, not of levels. Two series that both trend for years correlate almost perfectly in levels without any relationship following from it. Values near 0 mean no discernible co-movement.

Correlations
Series	Strongest relationships
Germany savings rates (overnight deposits)	Nikkei 225 -0.02 n=198 Based on monthly changes

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