Bank of Greece: deposit interest rates rise in May 2026

More specifically, according to data from the Bank of Greece, in May 2026 the average weighted interest rate on total new deposits increased by 3 basis points to 0.35%, compared with the previous month.

In detail, the average interest rate on overnight deposits from households remained unchanged at 0.03%, while the corresponding rate for deposits from corporations remained broadly stable at 0.10%.

The average interest rate on deposits with an agreed maturity of up to one year from households remained broadly stable at 1.14%, while the corresponding rate for corporate deposits increased by 17 basis points to 1.93%.

On the lending side, the average weighted interest rate on total new loans to households and businesses decreased by 12 basis points to 4.65%.

In particular, the average interest rate on consumer loans without a fixed maturity (a category including credit card lending, revolving credit, and overdrafts on current accounts) remained broadly stable at 14.63%.

The average rate on consumer loans with a specified maturity and floating interest rate decreased by 19 basis points to 10.75%, while the average interest rate on housing loans with a floating rate remained broadly stable at 3.50%.

The average interest rate on business loans without a fixed maturity remained broadly stable at 4.61%, while the corresponding rate for professional loans remained unchanged at 6.85%.

The average interest rate on new business loans with a specified maturity and floating rate decreased by 20 basis points to 4.20%. The average rate on term loans with floating rates granted to small and medium-sized enterprises (SMEs) decreased by 15 basis points to 4.43%.

Regarding the breakdown of interest rates by loan size, the average rate for loans up to €250,000 increased by 8 basis points to 5.09%, for loans between €250,001 and €1 million increased by 14 basis points to 4.54%, while for loans exceeding €1 million it decreased by 22 basis points to 4.15%.