Nigeria

Bank Deposit Interest Rate

6.53
percent
Aug 06Aug 07Aug 08Aug 09Aug 10Aug 11Aug 12Aug 13Aug 14Aug 15Aug 16Aug 17Aug 18Aug 19Aug 20Jul 21Sep 220.0005.00010.0015.0020.00
  • Nigeria
  • Global Median
Source: IMF

Global Ranking

32
Zambia6.96
33
Kenya6.82
34
Burundi6.79
36
Uruguay6.62
37
Nigeria6.53
38
Poland6.25
39
Niger6.13
42
Cambodia5.78

Africa Ranking

10
Zambia6.96
11
Kenya6.82
12
Burundi6.79
14
Nigeria6.53
15
Niger6.13
17
Togo5.65
18
Mali5.18
19
Benin5.16

News

Definition of Bank Deposit Interest Rate

The deposit interest rate is the average interest rate on one year term deposits offered by the commercial banks to the household sector.

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