Deposits Greek height 7.2 billion euros have “migrated” to banks her Eurozone over the last two years or so in an effort to seek either a higher interest rate or better deposit products with more flexible terms. This is 4.7% of total household deposits at the end of the second quarter of 2024, which is the fourth largest percentage among Eurozone countries.

As the newspaper reports “Daily“, this emerges from data from the European Central Bank in the context of recording cross-border deposits between the different banking systems in the Eurozone, in an effort to capture, as he notes, “how an integrated banking union could be in the future”.

As the ECB finds, growth in cross-border deposits remained strong over the period from mid-2022 to September 2023, when the ECB raised interest rates, suggesting that households may indeed have been looking for better conditions for their savings. .

First in the ranking comes France with inflows of 30.6 billion euros, in which the average interest rate of a term deposit is 3.28%. They are followed by Luxembourg with inflows of 28.8 billion euros and an average interest rate of a term deposit of 3.16%, Germany with inflows of 18.2 billion euros and an average interest rate of 3%, Italy with inflows of 13.2 billion euros and an average interest rate of 3.31% and the Netherlands with inflows of 12.7 billion euros and an average interest rate of 2.91%.