Deposits in the European Union are earning on average around 1.6% to 1.8% per annum.

Omissions

• The claim does not specify that the 1.6% to 1.8% figure refers specifically to 'deposits with agreed maturity' (time deposits) for new business, not to all deposits.
• Overnight deposits (the most common type of deposit) earned approximately 0.25% in February 2026, significantly lower than the range cited.
• The ECB data refers to the euro area, not the full European Union (some non-euro EU countries may have different rates).
• The data is from late 2025/early 2026, close to but before the session date.

Sources

• PrimaryEuropean Central Bank - Euro area bank interest rate statistics: February 2026The interest rate on deposits with an agreed maturity of up to one year showed no change at 1.78%.
• PrimaryEuropean Central Bank - Euro area bank interest rate statistics: December 2025Composite interest rate for new deposits with agreed maturity from households increased by 5 basis points to 1.85%.
• PrimaryECB Data Portal - Agreed maturityBank interest rates - deposits from households with an agreed maturity of up to one year.