The Bank of Finland published money and banking statistics showing that a larger share of Finnish households’ savings was held in deposits with an agreed maturity in March 2026, as those deposits continued to pay more than current accounts. New household agreements on deposits with an agreed maturity totalled EUR 1.5 billion, about EUR 248 million more than a year earlier, and the outstanding stock rose to EUR 16.3 billion, or 14.1% of all household deposits, up from 13.3% a year earlier. Household drawdowns of new housing loans were EUR 1.2 billion, unchanged from March 2025. Most new deposits with an agreed maturity were short dated. In March, 91% of new agreements were for less than one year, including more than half for 3-12 months, 19% for 1-3 months and 12% for less than one month. The average interest rate on new agreements was 2.39%. Deposits for 3-12 months paid 2.61% on average, compared with 1.64% for the shortest maturities, and the average rate on the stock of deposits with an agreed maturity was 1.96%, which was 1.59 percentage points above current account deposits. Total household deposits stood at EUR 115.9 billion with an average rate of 0.80%, including EUR 70.3 billion in overnight deposits. The average interest rate on new housing loans rose from February to 3.03%, while the stock of housing loans was EUR 105.4 billion, down 0.1% year on year. Buy-to-let mortgages accounted for EUR 120 million of new housing loans and EUR 9.1 billion of the housing loan stock. Finnish non-financial corporations drew EUR 2.2 billion in new loans, including EUR 500 million for housing corporations, at an average rate of 3.87%, and the corporate loan stock stood at EUR 109.0 billion. The next money and banking statistics release is scheduled for 02 June 2026 at 10:00.
Bank of Finland 2026-04-30
Bank of Finland reports deposits with an agreed maturity rose to 14.1% of Finnish household deposits in March 2026
The Bank of Finland reported that Finnish households continued to shift savings into deposits with an agreed maturity in March 2026, with new agreements totalling EUR 1.5 billion and the outstanding stock rising to EUR 16.3 billion, or 14.1% of all household deposits. Most new term deposits were for less than one year and paid an average interest rate of 2.39%, while the average rate on new housing loans increased to 3.03% and the housing loan stock declined slightly. New loans to non-financial corporations amounted to EUR 2.2 billion at an average rate of 3.87%, with the corporate loan stock at EUR 109.0 billion.