South Africa

Bank Deposit Interest Rate

6.69
percent
Oct 01Jan 03Apr 04Jun 05Jul 06Oct 07Jan 09Apr 10Jun 11Jul 12Oct 13Jan 15Apr 16Jun 17Jul 18Oct 19Jan 21Jun 220.0003.0006.0009.00012.00
  • South Africa
  • Global Median
Source: IMF

Global Ranking

30
Ethiopia7.69
31
Mongolia7.54
32
Zambia6.96
33
Kenya6.82
34
Burundi6.79
36
Uruguay6.62
37
Nigeria6.53
38
Poland6.25
39
Niger6.13

Africa Ranking

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

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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