Fixed-term deposit rates rise to 1.15 percent in Denmark
Fixed-term deposit rates rose from 0.96 percent to 1.15 percent in 2026, while demand deposit rates were unchanged, according to figures published by Danmarks Nationalbank on October 27, 2026.
Fixed terms widen the gap
The average interest rate on fixed-term deposits increased from 0.96 percent to 1.15 percent in 2026.
Demand deposit rates remained relatively stable at around 0.4 percent, continuing a pattern in place since the summer of 2025.
The gap between the two deposit rates widened to 0.73 percentage points.
Fixed-term deposits account for around 16 percent of households' total deposits of DKK 1,108 billion, excluding pooled schemes.
These deposits typically lock funds away for an agreed period at a rate fixed in advance.
Danmarks Nationalbank explains that fixed-term deposit rates typically respond earlier to market rate changes, reflecting both actual movements and expectations of future rates.
Loan links lift the average
Lending-related deposits raise the average demand deposit rate by around 0.2 percentage points.
They include priority accounts and correspond to an unused portion of a credit facility.
Their interest rates typically reflect the somewhat higher rate on the associated loan.
Like deposits in ordinary salary accounts, these funds remain immediately available for payments and transfers between accounts.
Their inclusion therefore affects the reported demand deposit average despite their link to borrowing.
Availability makes the difference
The higher fixed-term rate comes with an agreed holding period, unlike immediately available demand deposits.
Lending-linked accounts also lift the demand deposit average.
The reported rate gap therefore compares products with different access terms and loan connections.
Source: Interest rates on fixed-term deposits increase
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