A renewed interest-rate battle on the European savings market has pushed term-deposit rates sharply higher, with banks now offering 3 percent a year or more on deposits of one to five years — including the psychological 3.00 percent barrier on one-year fixed deposits for the first time since December 2024.After cautious gains earlier, rates accelerated clearly in April. Banks are passing recent capital-market increases directly to consumers to lock in stable funding, with especially large jumps on medium-term maturities.