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Interest Rate on Bank Deposits (Local Currency) in Tanzania

Source: National Central Bank
Last Updated: July 24, 2023

Interest rate on bank deposits reached 9.90% in third quarter of 2015 in Tanzania, according to the National Central Bank. This is 8.12% more than in the previous quarter.

Historically, interest rate on bank deposits in Tanzania reached an all time high of 25.1% in 2Q1995 and an all time low of 2.70% in 2Q2003.

Tanzania has been ranked 14th within the group of 102 countries we follow in terms of interest rate on bank deposits.

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