Cyprus’s financial sector showed notable changes in favor of depositors at the end of 2025. On Wednesday, January 14, the Central Bank published updated interest-rate data for November, confirming that deposits are becoming increasingly attractive. The average rate on household deposits — eurozone residents — rose to 1.13% from 1.07% in October, indicating a gradual return of interest in classic savings instruments.
The highest deposit rates on the island were offered by National Bank of Greece, which increased its rate to 1.49% from 1.41% a month earlier. Ancoria Bank raised its figure to 1.47% from 1.43%, while Alpha Bank recorded a sharp jump from 1.12% to 1.36%. These changes make deposits competitive again against the backdrop of inflation and rising household expenses.
How rates changed at other banks
In November 2025, Eurobank kept its rate unchanged at 1.11%, while Societe Generale increased its deposit rate to 0.94% from 0.8%. At cdbbank the rise was even more noticeable — from 1% to 1.25%. The Housing Finance Organization (OHS) increased its rate to 0.88% from 0.82%. At the same time, Bank of Cyprus lowered its deposit rate to 0.67% from 0.85%, standing out as an exception amid the overall upward trend.
In the corporate-deposit segment, Ancoria Bank remains the leader with a rate of 1.51%. It is followed by Alpha Bank (1.43%) and cdbbank (1.42%), reflecting banks’ increased focus on attracting business funds.
Mortgages are getting cheaper: first signals for homebuyers
Alongside rising deposit rates, November 2025 also saw a decrease in the average interest rate on mortgage loans for households — eurozone residents. This refers to new home-purchase loans in euros, regardless of the initial fixed-rate period. The average rate fell to 2.96% from 3.08% in October.
The highest mortgage rates in Cyprus in November 2025 were offered by National Bank of Greece — 4.01% — and OHS — 3.52%. Even so, the overall market direction suggests the beginning of a gradual easing in housing-loan costs, which is especially important amid rapidly rising property prices and demand from foreign buyers.
What this means for depositors and property buyers
Rising deposit rates and the first steps toward lower mortgage interest are creating a more balanced financial environment in Cyprus. For depositors, this means an opportunity to partially offset inflation losses, while for homebuyers it offers a chance to lock in more favorable lending terms in the coming months. Experts expect that in 2026 banks will continue to adjust rates cautiously, guided by decisions of the European Central Bank and dynamics in the real-estate market, which remains one of the island’s key economic drivers.