Banks are raising interest rates, yet the public is hardly tying up their money.

Several banks have raised interest rates on fixed deposits in October, despite a general decline in the central bank's base rate. The Hungarian National Bank has maintained its base rate at 5.5% since August, citing economic uncertainties. Although banks are offering attractive rates to attract new funds, a significant portion of household savings remains in demand deposits. Financial expert Gergely Péter notes that even with high interest rates, many deposits are not locked in due to daily expense needs and attractive offers without locking funds. Current offers include rates from 4.5% to 8% depending on the bank and conditions.