{"format":"alysly-page/1","url":"https://alysly.com/interest-rates/savings-rates/","json":"https://alysly.com/json/interest-rates/savings-rates/index.json","lang":"en-US","title":"German Savings Rates Today | Overnight Deposit Yield vs ECB Deposit Rate","description":"Average interest on overnight household deposits in Germany versus the ECB deposit rate — the gap shows what banks keep.","modified":"2026-10-31T00:00:00Z","alternates":[{"lang":"de-DE","url":"https://alysly.com/de/zinsen/sparzinsen/","json":"https://alysly.com/json/de/zinsen/sparzinsen/index.json"}],"about":"Machine-readable version of the page at url. It contains the text, tables and key figures published there, but not the interactive charts and tools.","breadcrumb":[{"name":"Rates & inflation","url":"https://alysly.com/interest-rates/"},{"name":"German Savings Rates","url":"https://alysly.com/interest-rates/savings-rates/"}],"content":[{"type":"heading","level":1,"text":"German Savings Rates"},{"type":"paragraph","text":"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."},{"type":"facts","items":[{"label":"Germany savings rates (overnight deposits)","value":"0.51%"},{"label":"ECB deposit facility rate","value":"2.50%"}]},{"type":"paragraph","text":"As of August 2026 · series since Jan 1, 2000 (320 observations) · change vs previous +0.01."},{"type":"facts","items":[{"label":"All-time high","value":"2.09%"},{"label":"All-time low","value":"-0.02%"},{"label":"Data starts","value":"Jan 1, 2000"},{"label":"Frequency","value":"monthly"}]},{"type":"paragraph","text":"Data note 1","href":"#dn-1"},{"type":"heading","level":2,"text":"History by Year"},{"type":"table","caption":"Year-end values","columns":["Year","Germany savings rates (overnight deposits)","ECB deposit facility rate"],"rows":[["2026","0.51","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"]]},{"type":"heading","level":2,"text":"Relationship With Equity Markets"},{"type":"paragraph","text":"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."},{"type":"table","caption":"Correlations","columns":["Series","Strongest relationships"],"rows":[["Germany savings rates (overnight deposits)","Bitcoin -0.08 n=108 · Nikkei 225 -0.02 n=199 Based on monthly changes"]]},{"type":"heading","level":2,"text":"Real Interest Rate in the Euro Area"},{"type":"image","alt":"Real rate 2026-09: -1.30%"},{"type":"paragraph","text":"January 2015 September 2026"},{"type":"paragraph","text":"Subtracting the inflation rate from the policy rate leaves the real interest rate: what a deposit earning the policy rate still yields after price increases. In September 2026 the ECB deposit rate stood at 2.50% and the euro area inflation rate (HICP) at 3.80%, putting the real rate at -1.30%. Since January 2015 it was negative in 113 of 141 months. It hit its low of -9.85% in October 2022 and its high of 1.80% in September 2024."},{"type":"paragraph","text":"Data note 2","href":"#dn-2"},{"type":"heading","level":2,"text":"Matching Calculators"},{"type":"paragraph","text":"These tools work with exactly these figures:"},{"type":"list","ordered":false,"items":[{"text":"ETF vs Fixed Deposit A safe fixed deposit or a broadly diversified ETF? Compare the final value over your …","href":"https://alysly.com/tools/etf-vs-festgeld/"},{"text":"Savings Goal Calculator The monthly amount it takes to reach a target sum by a given year, with starting capital …","href":"https://alysly.com/tools/sparziel/"},{"text":"Real (Inflation-Adjusted) Return Nominal return and inflation combined: the return and final value an investment keeps …","href":"https://alysly.com/tools/real-return/"}]},{"type":"heading","level":2,"text":"More Rate and Economy Series"},{"type":"paragraph","text":"ECB Policy Rate Inflation in Germany and the Euro Area German Mortgage Rates Government Bond Yields US Rates and Economy Labor Market: Germany and the US","links":[{"text":"ECB Policy Rate","href":"https://alysly.com/interest-rates/ecb-policy-rate/"},{"text":"Inflation in Germany and the Euro Area","href":"https://alysly.com/interest-rates/inflation/"},{"text":"German Mortgage Rates","href":"https://alysly.com/interest-rates/mortgage-rates/"},{"text":"Government Bond Yields","href":"https://alysly.com/interest-rates/bond-yields/"},{"text":"US Rates and Economy","href":"https://alysly.com/interest-rates/us-rates/"},{"text":"Labor Market: Germany and the US","href":"https://alysly.com/interest-rates/labor-market/"}]},{"type":"paragraph","text":"Updated Oct 31, 2026"},{"type":"heading","level":2,"id":"note-legend-h","text":"Data Notes"},{"type":"paragraph","text":"How the figures on this page are produced and how current they are. All calculations run automatically and are not investment advice."},{"type":"list","ordered":true,"items":[{"id":"dn-1","text":"Official time series, taken unchanged; the change column is the gap to the previous value."},{"id":"dn-2","text":"Policy rate at month end minus the same month's inflation rate (year over year), since January 2015."}]},{"type":"paragraph","text":"Data and methodology: Alysly · Responsible for content: Alexander Bock","links":[{"text":"Alysly","href":"https://alysly.com/methodology/"},{"text":"Alexander Bock","href":"https://alysly.com/about/"}]},{"type":"paragraph","text":"View all data notes","href":"https://alysly.com/notes/"}],"structured_data":[{"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://alysly.com/#org","name":"Alysly","url":"https://alysly.com/","logo":{"@type":"ImageObject","url":"https://alysly.com/img/icon-512.png","width":512,"height":512},"description":"Data-driven insights, transparent analysis and powerful tools for long-term investors.","email":"mail@alysly.com","contactPoint":{"@type":"ContactPoint","contactType":"customer support","email":"mail@alysly.com","availableLanguage":["de","en"]},"address":{"@type":"PostalAddress","addressLocality":"Haltern am See","postalCode":"45721","addressCountry":"DE"},"founder":{"@id":"https://alysly.com/#founder"},"sameAs":["https://www.linkedin.com/company/alyslycom/","https://www.youtube.com/@alyslycom","https://x.com/alyslycom"],"publishingPrinciples":"https://alysly.com/methodology/"},{"@type":"Person","@id":"https://alysly.com/#founder","name":"Alexander Bock","jobTitle":"Founder and data analyst","url":"https://alysly.com/about/","sameAs":["https://www.linkedin.com/in/abxk/"]},{"@type":"WebSite","@id":"https://alysly.com/#site","url":"https://alysly.com/","name":"Alysly","alternateName":"Alysly Investment Analysis","inLanguage":"en-US","publisher":{"@id":"https://alysly.com/#org"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://alysly.com/markets/stocks/browse/?q={search_term_string}"},"query-input":"required name=search_term_string"}},{"@type":"WebPage","@id":"https://alysly.com/interest-rates/savings-rates/#webpage","url":"https://alysly.com/interest-rates/savings-rates/","name":"German Savings Rates – Alysly","description":"Average interest on overnight household deposits in Germany versus the ECB deposit rate — the gap shows what banks keep.","inLanguage":"en-US","isPartOf":{"@id":"https://alysly.com/#site"},"dateModified":"2026-10-31T00:00:00Z","publisher":{"@id":"https://alysly.com/#org"},"mainEntity":{"@id":"https://alysly.com/interest-rates/savings-rates/#entity"},"primaryImageOfPage":{"@type":"ImageObject","url":"https://alysly.com/og.png","width":1200,"height":630}}]},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Rates & inflation","item":"https://alysly.com/interest-rates/"},{"@type":"ListItem","position":2,"name":"German Savings Rates"}]},{"@context":"https://schema.org","@type":"Dataset","@id":"https://alysly.com/interest-rates/savings-rates/#entity","name":"Germany savings rates (overnight deposits)","description":"Average interest on overnight household deposits in Germany versus the ECB deposit rate — the gap shows what banks keep.","url":"https://alysly.com/interest-rates/savings-rates/","inLanguage":"en-US","license":"© Europäische Zentralbank, freie Weiterverwendung mit Quellenangabe","creator":{"@type":"Organization","name":"ECB","url":"https://data.ecb.europa.eu/data/datasets/MIR"},"publisher":{"@id":"https://alysly.com/#org"},"isAccessibleForFree":true,"temporalCoverage":"2000-01-01/2026-08-01","dateModified":"2026-08-01","measurementTechnique":"Official statistics","variableMeasured":{"@type":"PropertyValue","name":"Germany savings rates (overnight deposits)","unitText":"%","value":0.51,"measurementTechnique":"ECB"}}],"notice":"© 2026 Alysly.com. Not investment advice. All data without guarantee. Financial information is analyzed and presented partly with AI assistance."}