Cyprus household deposit rates fall as housing loan rates rise in July

Nicosia, Cyprus. The average interest rate on new household deposits in Cyprus fell to 1.27 per cent in July 2026, while the average rate on new housing loans rose to 3.24 per cent, according to the Central Bank of Cyprus.

Both rates remained below the respective euro area averages of 2.10 per cent for household deposits and 3.54 per cent for housing loans.

Household deposit rates

The Central Bank of Cyprus figures cover each credit institution operating in Cyprus, with July 2026 as the reference month.

The average interest rate on new euro-denominated deposits from euro area-resident households declined from 1.42 per cent in June to 1.27 per cent in July.

For deposits with an agreed maturity of up to one year, the National Bank of Greece offered the highest household rate in July, at 1.62 per cent, compared with 1.64 per cent in June.

Alpha Bank offered 1.45 per cent, up from 1.39 per cent. Eurobank and Societe Generale each offered 1.32 per cent, with Eurobank’s rate down from 1.51 per cent in June and Societe Generale’s up from 1.12 per cent.

Corporate deposits and housing loans

Ancoria Bank offered the highest rate on company deposits in July, at 1.94 per cent, up from 1.60 per cent in June.

Alpha Bank followed with a rate of 1.66 per cent, compared with 2.05 per cent in the previous month.

The average interest rate on new euro-denominated housing loans to euro area-resident households, regardless of the initial rate-fixing period, increased from 3.18 per cent in June to 3.24 per cent in July.