As part of the Central Bank of Cyprus’s ongoing transparency initiative, the latest interest rate data for March 2025 has been released. The update provides a clear view of where local banks stand on both housing loans and term deposit rates. When compared to the Eurozone average, the figures offer insight into Cyprus’s relative borrowing and saving environment.
Housing Loan Interest Rates:
The average interest rate for new housing loans with a floating rate and an initial fixation period of up to one year stood at 4.25% in March. This remains above the Eurozone average of 3.79%.
Among Cypriot banks:
Deposit Interest Rates (Up to 1 Year)
The average interest rate for household term deposits with a maturity of up to one year was 1.41% in March, lower than the Eurozone average of 2.65%.
Across individual institutions:
While housing loan rates in Cyprus remain somewhat higher than the Eurozone average, deposit rates continue to lag more substantially. This gap reflects broader monetary dynamics and risk perceptions within the Cypriot banking sector. The publication of this data underlines the Central Bank’s commitment to transparency, helping consumers and investors make more informed financial decisions.
