Banking
Luxembourg bank interest rates in 2026: what Spuerkeess, BGL, Raiffeisen and BIL actually publish
Public rates are comparable for savings accounts, but mortgage pricing remains mostly individual. The clearest published figures range from 0.60%-0.70% on standard savings to conditional housing-loan examples around 3.69%-3.75%.
Comparing Luxembourg bank interest rates in 2026 is possible, but only if the comparison separates published savings rates from personalised mortgage offers. The clearest public data comes from savings-account tables at Spuerkeess, BGL BNP Paribas and Banque Raiffeisen. Home-loan rates are less transparent: banks usually present fixed, variable or revisable structures and then price the loan after checking the borrower’s income, collateral, loan-to-value and duration.
For standard euro savings accounts, the public range is narrow. Spuerkeess lists 0.70% on its Savings Account up to EUR 100,000 and 0.60% above that threshold. BGL’s official deposit-rate PDF lists a 0.60% base rate for its standard Compte épargne, while Banque Raiffeisen’s credit-interest-rate PDF lists 0.65% for EUR sight deposits and 0.65% for R-TOP savings. These rates are gross annual rates before tax; Luxembourg residents normally face a withholding tax on interest income.
The higher published savings rates are mostly tied to youth, blocked or special products. Spuerkeess lists 1.00% for Axxess and Tweenz youth savings up to EUR 100,000, and 1.15% for a blocked savings account for minors up to the same threshold. BGL lists 0.80% on Compte épargne Jeunes below EUR 250,000 and 1.00% on Compte épargne Croissance. Raiffeisen lists 0.85% for Green Code Savings 0-30. Those products are not like-for-like substitutes for a general adult savings account, but they matter for families comparing where to keep children’s or young adults’ cash.
Mortgage rates are harder to compare from public pages. BIL is the clearest current outlier: its housing-loan page advertises a 3.69% fixed revisable rate over 10 years, but only for eligible new acquisitions or construction, with an appointment by 29 May 2026, a promotional tranche capped at EUR 200,000, at least two financing tranches, and bank approval. Spuerkeess’s housing-loan simulator showed a non-binding example of 3.75% nominal and 3.86% APR for a EUR 500,000 loan, with a EUR 2,151.37 monthly instalment. BGL describes fixed, variable and revisable mortgage options but does not publish one universal standard rate on the checked page.
The practical conclusion is that savings can be compared bank by bank, while mortgages still require direct quotes. A saver with a normal instant-access euro account is mainly comparing rates around 0.60%-0.70%, plus account fees, tax and access rules. A borrower should treat every public mortgage number as a starting point, not a final offer, because a small difference in loan duration, fixed-rate period, own funds or collateral can change the actual rate.
ING Luxembourg was also checked through its public legal/tariff and savings pages. Those pages were reachable, but the extracted public content did not provide a usable savings-rate table for this comparison. That is why ING is not ranked in the table: the absence of a verified public rate is not the same as a zero rate.
Frequently asked
- Which Luxembourg bank has the highest published savings rate in this check?
- Among the checked public sources, the highest explicit euro savings rate was Spuerkeess’s 1.15% for a blocked savings account for minors up to EUR 100,000. For ordinary adult savings, the public rates clustered around 0.60%-0.70%.
- Can mortgage rates be compared directly between Luxembourg banks?
- Only partly. Public examples and promotions exist, but actual mortgage rates depend on the borrower’s file, loan amount, collateral, duration, fixed or variable structure and bank approval.
- Is BIL’s 3.69% mortgage rate a general rate?
- No. BIL presents it as a conditional promotional fixed revisable rate over 10 years for eligible new acquisitions or constructions, with a capped promotional tranche and appointment deadline.
Sources
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