Interest rate on bank deposits fell 11.7% to 7.67% in Kenya in 2017, according to the National Central Bank.
Historically, interest rate on bank deposits in Kenya reached an all time high of 18.4% in 1998 and an all time low of 2.43% in 2004.
Kenya has been ranked 22nd within the group of 114 countries we follow in terms of interest rate on bank deposits, 56 places above the position seen 10 years ago.
Interest Rate on Bank Deposits (Local Currency) | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
Dem. Republic of the Congo | % | ... | ... | ... | ... | ... | ... | ... | ... | 4.71% | 4.01% | 3.66% | 3.38% | 4.19% | ||||||||
Djibouti | % | 2.03% | 1.24% | 1.06% | 1.54% | 1.65% | ... | ... | ||||||||||||||
Eritrea | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Ethiopia | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||||||||||
Kenya | % | 8.64% | 8.37% | 9.19% | 8.69% | 7.67% | ||||||||||||||||
Mozambique | % | 8.80% | 8.58% | 8.53% | 10.8% | 17.1% | ||||||||||||||||
Rwanda | % | 9.92% | 8.24% | 8.24% | 7.91% | 7.72% | ||||||||||||||||
Somalia | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
South Sudan | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1.36% | 1.39% | 1.20% | 1.02% | 0.712% | |||
Sudan | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Tanzania | % | 9.97% | 9.86% | 9.90% | 10.5% | 11.2% | ||||||||||||||||
Uganda | % | 12.1% | 10.8% | 12.8% | 13.2% | 9.70% | ... | |||||||||||||||
Yemen | % | 15.3% | ... | ... | ... | ... | ... | ... | ||||||||||||||
Zambia | % | 6.49% | 7.88% | 8.99% | 10.8% | 8.89% |