France average rate on regulated passbook accounts
France average rate on regulated passbook accounts stood at 1.78% in Aug 2026, according to ECB Data Portal – MFI interest rate statistics (MIR), reported by Banque de France. It is one of the indicators in the Bank interest rates and new loans table (Value · Monthly), with a complete series running from Jan 2012 to Aug 2026. The complete series with an interactive chart, free to download.
This indicator in the Bank interest rates and new loans table
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest rates on regulated savings products | |||||||||||
| Average rate on regulated passbook accounts | 1.78 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.8 | 1.8 | 1.8 | |
| Average rate on ordinary (taxable) passbook accounts | 0.79 | 0.76 | 0.75 | 0.75 | 0.74 | 0.74 | 0.75 | 0.74 | 0.74 | 0.74 |
Understanding france average rate on regulated passbook accounts
The series measures the aggregate weighted average percentage yield across all active government-regulated passbook savings accounts held within the domestic financial system. The indicator blends the returns of various public savings vehicles into a single macroeconomic gauge, separating them from ordinary taxable bank deposits and corporate accounts. It excludes unregulated commercial savings products and fixed-term investment accounts.
Interpreting this aggregated rate requires noting that shifts in volume across different passbook types can alter the average yield even if individual product rates remain unchanged. Seasonal patterns are absent since yields are administratively fixed between regulatory resets. Analysts should avoid treating this aggregate as a direct proxy for marginal bank funding costs, as it represents a blended policy rate rather than a dynamic market-clearing cost of debt.
Frequently asked questions
- Does this series cover all retail savings products in the banking sector?
- It covers only government-regulated passbook accounts, excluding commercial term deposits and market-priced savings instruments.
- What drives changes in this weighted average yield over time?
- Both official administrative rate revisions and shifts in deposit volumes across different regulated accounts influence the aggregate.
- Is this metric suitable for tracking commercial bank marginal funding expenses?
- No, because regulated savings rates are driven by public policy formulas rather than immediate interbank market competition.