Deposit Interest Rate in South Africa decreased to 6.78 percent in December from 6.88 percent in November of 2019. Deposit Interest Rate in South Africa - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Deposit Interest Rate in South Africa averaged 10.40 percent from 1977 until 2019, reaching an all time high of 21.60 percent in August of 1998 and a record low of 5.08 percent in November of 2012. This page includes a chart with historical data for Deposit Interest Rate in South Africa.

Deposit Interest Rate in South Africa is expected to be 6.76 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Deposit Interest Rate in South Africa to stand at 6.76 in 12 months time. In the long-term, the Deposit Interest Rate in South Africa is projected to trend around 7.01 percent in 2021, according to our econometric models.


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Deposit Interest Rate in South Africa

Actual Previous Highest Lowest Dates Unit Frequency
6.78 6.88 21.60 5.08 1977 - 2019 percent Monthly


Deposit Interest Rate in South Africa
The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits.