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Interest Rate on Bank Deposits (Local Currency) in Sri Lanka

Source: National Central Bank
Last Updated: Jul 1, 2021

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.

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