Overview

• Average eurozone savings yields have fallen below 1.3% after eight ECB rate cuts since mid-2024, driving passive returns to multi-year lows.
• Two-year fixed-term deposits now yield as much as 2.85%, while one-year and six-month rates reach up to 2.66% and 2.55% respectively.
• Promotional offers include BforBank’s 4% interest for new customers on up to €50,000 for four months and perpetual 2.3% Tagesgeld rates at Varengold Bank and Bank Norwegian.
• Traditional German retail banks pay between 0.1% and 0.75% on daily-access savings, while online and foreign institutions continue to offer variable rates above 2%.
• Experts warn that banks can adjust rates at any time and advise savers to compare offers regularly and prioritize banks with top EU-EEA deposit insurance.