English - information on Euribor and the actual euribor rates   Nederlands - info over Euribor en de actuele Euribor rente tarieven   Deutsch - Auskunfte über Euribor und die aktuele Euribor Zinssätze   Español - información sobre Euribor y los tipos Euribor actualmente   Italiano - informazioni sull'Euribor e sui diversi tassi Euribor   Français - information sur Euribor et les taux Euribor   Português - informação sobre a Euribor e as taxas Euribor
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Savings and Euribor

Euribor is the interest rate at which a large number of European banks do provide short term loans to one another. Banks which borrow money from other banks can use these funds to provide loans to other parties. In fact, Euribor is the purchase price a bank does have to pay for a short term loan.

Banks do have other ways to acquire funds: by offering savings accounts for example. Someone saving money by opening a savings account with a savings bank does actually lend money to a bank.

Interest rates on savings accounts and Euribor

For 2 reasons the level of the Euribor-rate and the interest rate offered on a savings account are strongly interrelated in many European countries. Panel banks (see "What is Euribor") do have the possibility to borrow money from other banks (at the Euribor rate) or from private individuals. The interest rate offered to those which hold a savings account is in many cases lower than the Euribor rate. The difference is what can be called “margin for the bank”. When the Euribor rate decreases, the margin the bank makes is decreasing as well. That’s why banks often do decide to lower the interest rate on savings accounts when the Euribor rate decreases and vice versa. However this does often happen at a delay: the interest rate offered by many banks on savings is only altered when there has been a interest market change of some magnitude.

In general Euribor is in many European countries a good indicator of the movement of interest rates on savings accounts.
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Current Euribor rates
period 11-20-2019 11-19-2019 11-18-2019
1 month -0.450% -0.456% -0.455%
3 months -0.406% -0.408% -0.403%
6 months -0.338% -0.336% -0.338%
12 months -0.273% -0.271% -0.267%