July 2024 Overview: Deposit Market in Croatia

In July 2024, the deposit market in Croatia continues to reflect broader economic trends and developments both within the country and globally. Like many in the European Union, the Croatian economy is navigating through a period characterized by moderate growth, controlled inflation, and a stable banking sector. This stability is mirrored in the deposit market, where interest rates, savings behaviors, and bank policies converge to form the current landscape.

The Croatian National Bank (CNB) has maintained a steady monetary policy throughout the year, aiming to support economic stability and growth. As of July 2024, the key interest rates remain aligned with the European Central Bank's (ECB) policies, ensuring consistency across the Eurozone. Deposit interest rates offered by Croatian banks have remained relatively stable, with minor adjustments to reflect the ECB's overarching monetary policy and the country's inflation rates.

With economic uncertainty still a lingering concern post-pandemic and amidst global geopolitical tensions, Croatian savers are prioritizing security and liquidity. Croatian banks continue to offer a variety of deposit products, catering to different segments of the population. Traditional savings accounts, fixed-term deposits, and notice accounts remain popular choices among consumers. As of July 2024, the average interest rate on savings accounts hovers around 0.2% to 0.5%. Notice accounts typically offer interest rates between 0.5% and 1.5%. Depending on the term length, rates range from 1.0% for short-term deposits (up to one year) to 3.5% for longer terms (over three years).

Top EUR deposit rates - any term

For those looking to gain deeper insights into the European deposit market, PickTheBank offers an invaluable resource. During the review, PickTheBank meticulously analyzed the websites of 20 Croatian banks, aggregating information on 900 unique financial products available for fixed-term deposits. This extensive coverage goes beyond Croatia, encompassing deposit rate data from over 5,000 banks across 25 European countries, totaling more than 30,000 financial products.

Our platform allows users to explore interest rate trends, compare financial products, and stay updated on market developments. Ensure accuracy by verifying the latest rates and terms directly with banks before finalizing decisions. For detailed and current information, visit PickTheBank now.