The National Bank of Denmark published September 2026 banking statistics showing that the average interest rate on households' fixed-term deposits increased from 0.96% to 1.15% during 2026. Demand deposit rates remained around 0.4%, broadly unchanged since summer 2025, widening the gap between the two deposit categories to 0.73 percentage points. Fixed-term deposits account for about 16% of household deposits totaling DKK 1,108 billion, excluding pooled schemes. Their rates typically respond earlier to changes in market interest rates, reflecting both actual movements and expectations of future rates. The rate averages cover accounts that pay interest. Lending-related deposits, including priority accounts, increase the average demand deposit rate by around 0.2 percentage points because their rates typically reflect those on the associated loans. These deposits remain immediately available for payments and transfers.
National Bank of Denmark reports rise in average fixed-term deposit rate to 1.15%
The National Bank of Denmark's September 2026 statistics show household fixed-term deposit rates reaching 1.15%, compared with 0.96% earlier in 2026. Demand deposit rates held near 0.4%, leaving a gap of 0.73 percentage points. Fixed-term deposits represent about 16% of household deposits totaling DKK 1,108 billion, excluding pooled schemes.