6.9.2023

The Czech Republic's Deposit Market Overview: September 2023

4 min read

Сoncise and insightful look into the current state of the Czech deposit market. This report offers up-to-date information on interest rates, highlighting competitive options from Czech banks across various term deposits.

At PickTheBank, we are deeply committed to diligently monitoring the constantly evolving landscape of interest rates across Europe. In the aftermath of a year marked by substantial inflationary pressures, the financial sector has experienced a remarkable upsurge in interest rates. Our enthusiasm knows no bounds as we eagerly share with you the most captivating rates that the market currently has to offer.

Today, the PickTheBank platform is delighted to present a comprehensive overview of the most intriguing interest rates currently accessible in the Czech Republic.

For instance, the peak interest rate for euro deposits of any duration in the Czech Republic is an impressive 4.00%. Furthermore, our research reveals a striking 1-year EUR deposit interest rate of 4.00%, a notable increase from the previous month's 3.80%.

Behind these numbers lies a rigorous process of analysis. We scrutinized the websites of 20 prominent Czech banks, each offering a range of fixed-term deposit interest rates. PickTheBank's team efforts yielded a comprehensive repository of 578 distinct products within the Czech Republic's deposit landscape.

🔥Leading EUR Deposit Rates – Any Terms

Interest rate	Bank	Currency	Term
4.00%	J&T BANKA, a.s.	EUR	24 mths	More ->
4.00%	J&T BANKA, a.s.	EUR	18 mths	More ->
4.00%	J&T BANKA, a.s.	EUR	15 mths	More ->
4.00%	J&T BANKA, a.s.	EUR	12 mths	More ->
3.90%	J&T BANKA, a.s.	EUR	9 mths	More ->

🔥Leading CZK Deposit Rates – Any Terms

🔥The following banks offer the highest CZK interest rates on subordinated deposits in the Czech Republic:

Interest rate	Bank	Currency	Term
8.70%	Banka CREDITAS a.s.	CZK	120 mths	More ->
8.20%	Banka CREDITAS a.s.	CZK	84 mths	More ->
8.00%	Banka CREDITAS a.s.	CZK	72 mths	More ->
7.60%	Banka CREDITAS a.s.	CZK	60 mths	More ->
7.50%	J&T BANKA, a.s.	CZK	60 mths	More ->

🔥The following banks offer the highest CZK interest rates on ordinary deposits in the Czech Republic:

Interest rate	Bank	Currency	Term
7.30%	NEY spořitelní družstvo	CZK	12 mths	More ->
7.00%	Artesa, spořitelní družstvo	CZK	6 mths	More ->
7.00%	NEY spořitelní družstvo	CZK	12 mths	More ->
6.30%	Artesa, spořitelní družstvo	CZK	24 mths	More ->
6.25%	J&T BANKA, a.s.	CZK	12 mths	More ->

🔥Top US dollar deposit rates

Interest rate	Bank	Currency	Term
4.25%	J&T BANKA, a.s.	USD	12 mths	More ->
4.00%	J&T BANKA, a.s.	USD	6 mths	More ->
4.00%	J&T BANKA, a.s.	USD	3 mths	More ->
3.50%	Raiffeisenbank a.s.	USD	12 mths	More ->
3.25%	Raiffeisenbank a.s.	USD	12 mths	More ->

🔥Top GBP deposit rates

Interest rate	Bank	Currency	Term
4.00%	J&T BANKA, a.s.	GBP	12 mths	More ->
3.75%	J&T BANKA, a.s.	GBP	6 mths	More ->
3.50%	J&T BANKA, a.s.	GBP	3 mths	More ->
3.50%	J&T BANKA, a.s.	GBP	1 mths	More ->
1.50%	Československá obchodní banka, a. s.	GBP	3 mths	More ->

Expanding our reach to encompass over 1000 banks spanning 25 European countries, our database proudly boasts an impressive array of more than 20,000 products. This stands as a testament to our unwavering commitment to providing you with a comprehensive perspective of the European deposit market.

We invite you to explore our website, where you'll find a wealth of information regarding the European deposit market and its abundant opportunities. Please note that the rates presented are before taxation and do not take into account interest payment frequencies. For the utmost accuracy and current details, we recommend verifying rates directly with the respective banks before making any final decisions.