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Interest Rate on Bank Deposits (Local Currency) in Norway

Source: OECD, Central Bank of Norway (Norges Bank), Finanstilsynet, World Bank
Last Updated: July 24, 2023

Interest rate on bank deposits reached 0.302% in 2021 in Norway, according to the National Central Bank. This is 49.5% less than in the previous year.

Historically, interest rate on bank deposits in Norway reached an all time high of 11.1% in 1988 and an all time low of 0.302% in 2021.

Norway has been ranked 86th within the group of 96 countries we follow in terms of interest rate on bank deposits.

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