Note 11 Cash and cash equivalents

€ million

2018

2017

Cash held at banks

80

36

Deposits

60

65

   

Carrying amount as at 31 December

140

101

The effective interest rate on cash and cash equivalents ranged from –0.54% to –0.41% (2017: –0.55% to –0.43%). Cash and cash equivalents are held almost entirely in euros. In 2018, there were amounts of cash and deposits which were not at the unrestricted disposal of Alliander. This concerns a blocked bank account with a balance of €1 million (2017: €1 million).