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Deposit Interest Rate in South Africa

Deposit Interest Rate in South Africa

Indicator Data Period
Deposit Interest Rate 6.81 % Jul/23


Latest data on Deposit Interest Rate (%)

Deposit Interest Rate
                     South Africa - Historical Data (%)

What is average deposit bank interest rate in South Africa?

  • Bank Deposit Interest Rate in South Africa increased to 6.81 % in July 2023. The maximum rate was 21.6 % and minimum was 3.74 %.
  • Data published Monthly by IMF.

Historical Data (%) by years

Data
Period
Date
6.81 Jul/23 02.10.2023
6.8 Jun/23 29.08.2023
6.74 May/23 18.07.2023
6.43 Apr/23 13.06.2023
6.42 Mar/23 23.05.2023
5.96 Feb/23 21.04.2023
5.81 Jan/23 20.03.2023
6.15 Dec/22 22.02.2023


Historical Chart by presidents (%)

Deposit Interest Rate in South Africa by presidents

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

Other money indicators in South Africa

Index Updated Actual Previous
Bank Lending Rate Sep/23 11.75 % 11.75
Interbank Rate Oct/23 8.34 % 8.34
Interest Rate Sep/23 8.25 % 8.25
Loans to Private Sector Aug/23 241.395 B USD 241.638
Money Supply M1 Aug/23 137.692 B USD 136.938
Central Bank Balance Sheet Sep/23 64.685 B USD 64.758
Foreign Direct Investment 2Q/23 2860.886 B USD 27.584

Deposit Interest Rate in other countries

Country Updated Actual Previous
Kenya 2021 6.69 % 6.97
Madagascar Jun/23 13 % 13
Tanzania 3Q/19 7.5 % 7.3
Togo 2017 6.49 % 6.93
Nigeria Aug/23 7.55 % 7.62
Morocco 2022 2.5 % 2.6
Senegal 2017 6.49 % 6.93
Seychelles 2022 1.67 % 2.79
South Africa Jul/23 6.81 % 6.8
Uganda Aug/23 10.42 % 10.98
Rwanda 2022 7.58 % 8.05
Zambia Jun/21 8.11 % 8.22
Namibia 2022 3.72 % 2.94
Swaziland 2022 2.54 % 1.78
Libya 2014 2.5 % 2.5
Algeria Aug/23 1.75 % 1.75
Angola 2022 7.1 % 7.05
Benin 2017 6.49 % 6.93
Botswana Jul/23 2.63 % 1.31
Burkina Faso 2017 6.5 % 6.9
Central African Republic 2017 2.45 % 2.45
Chad 2017 2.45 % 2.45
Comoros 2022 2.06 % 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 2022 3.91 % 4.14
Guinea Bissau 2017 6.49 % 6.93
Lesotho 2023 4.74 % 4.66
Mali 2017 6.5 % 6.9
Niger 2017 6.49 % 6.93
Sao Tome and Principe 2Q/19 3.36 % 3.28
Sierra Leone 2023 14.75 % 12.75