The highest interest rate on term deposits of up to 1 year by households in August 2024 stood at 2,45% while the highest interest rate on loans for the purchase of a house was at 4.96% , figures released Monday by Cyprus Central Bank show.

The highest interest rate on deposits with a term of up to 1 year for new projects from eurozone households was offered by the National Bank of Greece (Cyprus) at 2,45% and the lowest by Hellenic Bank at 1,36%, while the highest deposit rate for companies was offered by Hellenic Bank at 2,83%.

The highest interest rate on loans (floating) for the purchase of housing to households and with an initial determination period of up to 1 year (new contracts) was held by the Cyprus Development Bank at 4,96%, followed by Eurobank Cyprus 4,65% and Astrobank 4,60%, while the lowest interest rate for household loans was offered by the Housing Finance Corporation at 3,02%.

The highest rate of loans (floating) to companies up to 1 million euros and an initial determination period of up to 1 year (new contracts) was offered by Banque SBA at 8,05%, followed by Societe Generale Bank Cyprus at 6,84%.