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Deposit Interest Rate in Nigeria

Deposit Interest Rate in Nigeria

Indicator Data Period
Deposit Interest Rate 3.13 % Feb/21


Latest data on Deposit Interest Rate (%)

Deposit Interest Rate
                     Nigeria - Historical Data (%)

What is average deposit bank interest rate in Nigeria?

  • Bank Deposit Interest Rate in Nigeria increased to 3.13 % in February 2021. The maximum rate was 27 % and minimum was 2 %.
  • Data published Monthly by World Bank.

Historical Data (%) by years

Data
Period
Date
3.13 Feb/21 10.04.2021
2.74 Dec/20 30.01.2021
2.9 Nov/20 16.01.2021
4.05 Aug/20 17.10.2020
4.31 Jul/20 12.09.2020
4.7 Jun/20 08.09.2020
5.67 May/20 18.07.2020
5.99 Apr/20 20.06.2020


Historical Chart by presidents (%)

Deposit Interest Rate in Nigeria by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End

Other money indicators in Nigeria

Index Updated Actual Previous
Interbank Rate Dec/17 0 % 0
Interest Rate Mar/21 11.5 % 11.5
Money Supply M1 Feb/21 40.489 B USD 39.045
Foreign Direct Investment 4Q/20 0.439 B USD 0.775
Private Sector Credit  Feb/21 75.152 B USD 74.886

Deposit Interest Rate in other countries

Country Updated Actual Previous
Kenya 2020 6.97 % 7.5
Madagascar Jan/21 13.75 % 13.75
Tanzania 3Q/19 7.5 % 7.3
Togo 2017 6.49 % 6.93
Nigeria Feb/21 3.13 % 2.88
Morocco 2019 3 % 3.1
Senegal 2017 6.49 % 6.93
Seychelles 2020 3.48 % 3.58
South Africa Jan/21 3.8 % 3.92
Uganda Feb/21 9.79 % 9.89
Rwanda 2020 7.64 % 7.64
Zambia Feb/21 7.93 % 7.85
Namibia 2020 4.16 % 5.7
Swaziland 2020 2.47 % 3.7
Libya 2014 2.5 % 2.5
Algeria Jan/21 1.75 % 1.75
Angola 2019 6.42 % 6.88
Benin 2017 6.49 % 6.93
Botswana Feb/21 1.36 % 1.36
Burkina Faso 2017 6.5 % 6.9
Central African Republic 2017 2.45 % 2.45
Chad 2017 2.45 % 2.45
Comoros 2020 1.75 % 1.75
Republic of the Congo 2017 2.45 % 2.45
Djibouti 2017 1.65 % 1.5
Equatorial Guinea 2017 2.45 % 2.45
Gabon 2017 2.45 % 2.45
Gambia 2Q/19 9 % 9
Guatemala 2019 5 % 5.17
Guinea Bissau 2017 6.49 % 6.93
Lesotho 2020 3.78 % 3.78
Mali 2017 6.5 % 6.9
Niger 2017 6.49 % 6.93
Sao Tome and Principe 2Q/19 3.36 % 3.28
Sierra Leone 2020 10 % 10