Interest Rate Outlook 2026
The key question for savers is no longer whether rates are near zero. It is whether to stay flexible or lock in still-solid yields while the ECB keeps rates steady.
What this means for savers
The unchanged ECB stance keeps deposit pricing relatively stable. Fixed-term deposits remain attractive because solid 12-month rates are still around 3.00%, while better 24- to 60-month offers can reach about 3.20%.
For many savers, that makes 12 and 24 months especially appealing. They offer much of the available yield without the full commitment of the longest maturities.
Practical 2026 savings view
| Product | Typical range | Main reason to choose it |
|---|---|---|
| Call money | 1.90% to 3.50% | Maximum flexibility, especially for reserves |
| 12-month fixed-term deposit | Around 3.00% | Balanced option for many savers in 2026 |
| 24- to 60-month fixed-term deposit | Up to 3.20% | Lock in yield for a longer known period |
Our reading for May 2026
The gap between medium and long maturities is not especially wide. That is why lead intent often concentrates around 12- and 24-month searches: users can still secure strong rates without overcommitting.
If you expect to need the money sooner, call money remains the right parking place. If you want a clearer yield path, fixed-term deposits still have the stronger argument.