Interest Rate on Bank Deposits rose to 12.1% in Egypt in 2017

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

Interest rate on bank deposits reached 12.1 % in 2017 in Egypt, according to the National Central Bank. This is 53.9 % more than in the previous year.

Historically, interest rate on bank deposits in Egypt reached an all time high of 12.1 % in 2017 and an all time low of 3.00 % in 1976.

Egypt has been ranked 8th within the group of 114 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
Algeria % 1.75% 1.75% 1.75% 1.75% 1.75%
Chad % 3.25% 3.25% 3.21% 2.60% 2.45%
Egypt % 6.74% 7.64% 7.68% 6.92% 6.91%
Ethiopia % ... ... ... ... ... ... ... ... ...
Iraq % 5.91% 5.87% 5.75% 5.16% 4.86% ...
Israel % 2.52% 2.20% 1.43% 0.798% 0.457%
Jordan % 3.40% 3.77% 4.85% 4.52% 3.50%
Lebanon % 5.91% 5.78% 5.83% 5.93% 5.97%
Libya % 2.50% 2.50% 2.50% 2.50% ... ... ...
Saudi Arabia % ... ... ... ... ... ... ... ... ...
South Sudan % ... ... ... 1.98% 1.36% 1.39% 1.20%
Sudan % ... ... ... ... ... ... ... ... ...
Syria % 6.32% ... ... ... ... ... ...
Tunisia % ... ... ... ... ... ... ... ... ...
United Arab Emirates % ... ... ... ... ... ... ... ... ...
Yemen % 20.0% 19.5% 15.3% ... ... ... ...