Interest rate on bank deposits reached 8.71 % in 2019 in Sri Lanka, according to the National Central Bank. This is 1.57 % less than in the previous year.
Historically, interest rate on bank deposits in Sri Lanka reached an all time high of 19.8 % in 1984 and an all time low of % in. When compared to Sri Lanka's main peers, interest rate on bank deposits in Malaysia amounted to 2.98 %, 3.47 % in Maldives and 8.00 % in Myanmar in 2019.
Sri Lanka has been ranked 15th within the group of 99 countries we follow in terms of interest rate on bank deposits, 7 places above the position seen 10 years ago.
The deposit interest rate is the rate paid by commercial or similar banks for deposits.