What is happening with bank interest rates? - BoA: Rates for citizens are falling, while big capital negotiates more favorable conditions
During November 2025, the banking market in Albania has shown stable performance, but with clear signals that require the attention of savers.
For citizens who choose to keep their savings in lek, the interest rate on 1-year deposits was fixed at 1.33%. Although this figure marks a slight increase compared to the autumn months, it remains at modest levels. For the average citizen, this trend shows that the national currency continues to offer better protection than foreign currency, but again the real profit after deducting taxes and inflation remains minimal.
On the other hand, the interest rate on the euro currency has sent a discouraging signal to short-term savings. The interest rate on 1-year deposits in euros fell to 0.88%, the lowest level recorded all year. For citizens, this means that keeping euros in the bank for short periods is no longer generating any significant income, turning the bank into a mere safe haven rather than an investment vehicle.
One striking element in the November data is the gap between individuals and businesses. While citizens face low rates, corporations have managed to secure interests above 2.28% for deposits in lek. This disparity shows that the bargaining power of big capital plays a key role. For the citizen, this is a message to look towards longer terms; interests for deposits over two years remain more competitive, stabilizing around 2.40% in lek and 2.20% in euro.
If in the first months of the year there was a kind of aggressiveness to absorb deposits, now banks are more restrained. For citizens seeking to increase the value of their savings, November confirmed that the most effective strategy remains diversification or orientation towards very long terms, as traditional 1-year accounts are losing their power in the face of living costs.
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