Interest Rate on Bank Deposits fell to 8.89% in Zambia in 2017

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

Interest rate on bank deposits reached 31.5 % in 1991 in Zambia, according to the National Central Bank. This is 64.3 % less than in the previous year.

Historically, interest rate on bank deposits in Zambia reached an all time high of 88.1 % in 1993 and an all time low of 3.50 % in 1971.

Zambia has been ranked 14th within the group of 116 countries we follow in terms of interest rate on bank deposits, 57 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
Angola % 6.31% 3.60% 3.15% 3.53% 3.31%
Botswana % 5.15% 3.61% 3.11% 2.53% 2.50%
Central African Republic % 3.25% 3.25% 3.21% 2.60% 2.45%
Congo % 3.25% 3.25% 3.21% 2.60% 2.45%
Dem. Republic of the Congo % 13.4% 7.72% 4.71% 4.01% 3.66%
Kenya % 5.63% 11.6% 8.64% 8.37% 9.19%
Mozambique % 13.0% 11.4% 8.80% 8.58% 8.53%
Namibia % 4.28% 4.21% 3.98% 4.25% 4.71%
South Africa % 5.67% 5.44% 5.15% 5.80% 6.15%
Tanzania % 6.78% 9.55% 9.97% 9.86% 9.90%
Uganda % 13.3% 16.8% 12.1% 10.8% 12.8%
Zambia % 7.02% 7.00% 6.49% 7.88% 8.99%
Zimbabwe % ... ... ... ... ... ... 6.70%