Germany real bank deposit rate, up to 3 months notice
Germany real bank deposit rate, up to 3 months notice stood at -2.11% in Aug 2026, according to Deutsche Bundesbank. It is one of the indicators in the Interest rates (monthly) table (Value · Monthly), with a complete series running from Jan 2003 to Aug 2026. The complete series with an interactive chart, free to download.
This indicator in the Interest rates (monthly) table
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Real bank interest rates | |||||||||||
| Deposits redeemable at notice of up to 3 months, SUR105 | -2.11 | -2.02 | -1.56 | -1.86 | -2.15 | -1.96 | -1.2 | -1.39 | -1.05 | -1.59 | |
| Deposits redeemable at notice of over 3 months, SUR106 | -0.92 | -0.88 | -0.45 | -0.8 | -1.13 | -0.95 | -0.16 | -0.35 | -0.05 | -0.51 |
Understanding germany real bank deposit rate, up to 3 months notice
Standard savings accounts requiring a brief withdrawal warning are the focus of the SUR105 category, which adjusts nominal returns for inflation. This metric quantifies the true purchasing power generated by deposits where customers must provide notice of up to 3 months before accessing their funds. It bridges the gap between fully liquid overnight accounts and rigid fixed-term deposits, representing a massive portion of traditional household savings. Unlike agreed-maturity deposits that guarantee an interest rate for a set period, the nominal rates on notice deposits are generally variable, meaning the real return captured here fluctuates continuously with both bank policy adjustments and broader price level dynamics.
Analyzing this series effectively means watching the spread between sticky retail banking rates and highly volatile inflation prints. Month-on-month changes rarely reflect aggressive adjustments by banks; instead, they usually mirror the immediate trajectory of consumer prices. Consequently, a year-on-year perspective is the standard approach to identify whether savers are gaining or losing ground against inflation over the medium term. Revisions are infrequent, but structural breaks can occur if the banking sector reclassifies certain hybrid savings products. Comparing this metric against short-term money market rates can highlight how slowly retail institutions pass central bank policy changes through to ordinary depositors.
Frequently asked questions
- Are fixed-term deposits with a specific maturity date included here?
- No, this category only includes deposits where the saver must give up to 3 months notice before withdrawing, rather than accounts with a fixed maturity date.
- Does the nominal rate on these accounts remain fixed over the notice period?
- These accounts typically feature variable interest rates that banks can adjust according to their internal pricing strategies.
- Is this a useful indicator for overnight liquidity?
- Overnight deposits are excluded, as this series specifically targets funds that require a notice period before withdrawal.