Interest rate on bank deposits reached 0.316 % in 2017 in Brunei, according to the National Central Bank. This is 5.35 % less than in the previous year.
Historically, interest rate on bank deposits in Brunei reached an all time high of 1.17 % in 2007 and an all time low of 0.232 % in 2012. When compared to Brunei's main peers, interest rate on bank deposits in Indonesia amounted to 6.52 %, 2.92 % in Malaysia, 1.88 % in Philippines and 4.78 % in Vietnam in 2017.
Brunei has been ranked 108th within the group of 114 countries we follow in terms of interest rate on bank deposits, 40 places above the position seen 10 years ago.
The deposit interest rate is the rate paid by commercial or similar banks for deposits.