Interest rate on bank deposits reached 3.82% in 2021 in South Africa, according to the National Central Bank. This is 21.8% less than in the previous year.
Historically, interest rate on bank deposits in South Africa reached an all time high of 18.9% in 1990 and an all time low of 3.82% in 2021.
South Africa has been ranked 33rd within the group of 96 countries we follow in terms of interest rate on bank deposits.
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