Interest rate on bank deposits reached 12.8 % in 2016 in Iran, according to the National Central Bank. This is 21.5 % less than in the previous year.
Historically, interest rate on bank deposits in Iran reached an all time high of 16.9 % in 2014 and an all time low of % in. When compared to Iran's main peers, interest rate on bank deposits in Iraq amounted to 4.78 % and 4.83 % in Pakistan in 2016.
Iran has been ranked 10th within the group of 144 countries we follow in terms of interest rate on bank deposits, 1 places above the position seen 10 years ago.
The deposit interest rate is the rate paid by commercial or similar banks for deposits.