Interest Rate on Bank Deposits (Local Currency) fell 11.7% to 7.67% in Kenya in 2017

Interest Rate on Bank Deposits (Local Currency) (%), 2017
Banking | Kenya | May 17, 2019
$2.99
Excel Sheet

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%