Interest Rate on Bank Deposits fell to 7.67% in Kenya in 2017

Interest Rate on Bank Deposits (%)
Banking | Kenya | May 17, 2019
$2.99
Excel Sheet

Interest rate on bank deposits reached 14.5 % in 1991 in Kenya, according to the National Central Bank. This is 7.76 % less than in the previous year.

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 39th within the group of 116 countries we follow in terms of interest rate on bank deposits, 6 places above the position seen 10 years ago.

The deposit interest rate is the rate paid by commercial or similar banks for deposits.

Interest Rate on Bank Deposits (Local Currency) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Dem. Republic of the Congo % 13.4% 7.72% 4.71% 4.01% 3.66%
Djibouti % 1.78% 2.34% 2.03% 1.24% 1.06%
Eritrea % ... ... ... ... ... ... ... ... ...
Ethiopia % ... ... ... ... ... ... ... ... ...
Kenya % 5.63% 11.6% 8.64% 8.37% 9.19%
Mozambique % 13.0% 11.4% 8.80% 8.58% 8.53%
Rwanda % 7.75% 8.85% 9.92% 8.24% 8.24%
Somalia % ... ... ... ... ... ... ... ... ...
South Sudan % ... ... ... 1.98% 1.36% 1.39% 1.20%
Sudan % ... ... ... ... ... ... ... ... ...
Tanzania % 6.78% 9.55% 9.97% 9.86% 9.90%
Uganda % 13.3% 16.8% 12.1% 10.8% 12.8%
Yemen % 20.0% 19.5% 15.3% ... ... ... ...
Zambia % 7.02% 7.00% 6.49% 7.88% 8.99%