20.10.2023

Cypriot Deposit Market Overview: October 2023

2 min read

Delve into the latest interest rates, emerging trends, and financial prospects within Cyprus's banking sector. Our analysis spotlights the highest interest rates across various deposit categories, based on meticulous research into rates provided by a variety of Cypriot banks.

Unlocking the Latest Insights: Cyprus Fixed-Term Deposits in October

Entering this month, PickTheBank brings you a fresh review of interest rates in Cyprus, shedding light on how they are affected by the prevailing economic conditions, including inflation and market dynamics.

To provide you with this valuable data, we meticulously scrutinized the offerings of eight Cypriot banks, resulting in the compilation of an extensive Cyprus deposit database featuring a total of 60 diverse deposit products. Please be aware that not all deposit rates in Cyprus are easily accessible through online banking platforms or public channels. Some rates might require direct contact with the bank's offices to obtain.

Our analysis of fixed-term deposit interest rates in Cyprus has uncovered compelling information. We found that euro deposits in Cyprus can yield a maximum interest rate of 3.00%.

🔥These are the top banks offering the most competitive EUR interest rates in Cyprus:

Interest rate	Bank	Currency	Term
3.00%	Ancoria	EUR	12 mths	More ->
2.75%	CDB Bank	EUR	12 mths	More ->
2.50%	CDB Bank	EUR	6 mths	More ->
2.50%	Ancoria	EUR	9 mths	More ->
2.50%	Ancoria	EUR	18 mths	More ->

The mentioned interest rates are provided before taxes and do not consider variations in interest payment frequencies. We strongly urge you to verify the most up-to-date interest rates and terms directly with the respective banks before making your final decision.

Our commitment goes beyond just Cyprus, granting you access to an extensive range of over 20,000 distinct financial products. Our website compiles deposit rate information from over 1,000 banks across 25 European countries.

Stay well-informed with PickTheBank, where valuable financial insights are just a click away.