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Interest Rate on Bank Deposits (Local Currency) in Somalia

Source: World Bank
Last Updated: July 24, 2023

Interest rate on bank deposits reached 25.0% in 1989 in Somalia, according to the National Central Bank. This is 21.2% more than in the previous year.

Historically, interest rate on bank deposits in Somalia reached an all time high of 25.0% in 1989 and an all time low of 2.00% in 1969.

Somalia has been ranked 17th within the group of 114 countries we follow in terms of interest rate on bank deposits.

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