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Interest Rate on Bank Deposits (Local Currency) in Iceland

Source: OECD, Central Bank of Iceland, Financial Supervisory Authority of Iceland
Last Updated: July 24, 2023

Interest rate on bank deposits reached 4.85% in 2004 in Iceland, according to the National Central Bank. This is 0.780% more than in the previous year.

Historically, interest rate on bank deposits in Iceland reached an all time high of 42.3% in 1978 and an all time low of 3.03% in 1994.

Iceland has been ranked 67th within the group of 154 countries we follow in terms of interest rate on bank deposits.

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