Interest rate on bank deposits reached 8.71% in 2021 in Azerbaijan, according to the National Central Bank. This is 0.195% more than in the previous year.
Historically, interest rate on bank deposits in Azerbaijan reached an all time high of 13.5% in 1998 and an all time low of 7.73% in 2016.
Azerbaijan has been ranked 7th within the group of 96 countries we follow in terms of interest rate on bank deposits.
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