Deposit Interest Rate in Canada was at 4.58 percent on Wednesday February 1. source: Bank of Canada

Deposit Interest Rate in Canada averaged 5.64 percent from 1975 until 2023, reaching an all time high of 22.06 percent in August of 1981 and a record low of -0.10 percent in October of 2020. This page includes a chart with historical data for Deposit Interest Rate in Canada. Deposit Interest Rate in Canada - values, historical data and charts - was last updated on February of 2023.

Deposit Interest Rate in Canada is expected to be 4.58 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Deposit Interest Rate in Canada is projected to trend around 3.08 percent in 2024, according to our econometric models.

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Deposit Interest Rate in Canada

Related Last Previous Unit Reference
Interest Rate 4.50 4.25 percent Jan 2023
Money Supply M1 1557237.00 1566375.00 CAD Million Nov 2022
Central Bank Balance Sheet 414633.00 432093.00 CAD Million Nov 2022
Banks Balance Sheet 1141621.00 1137323.00 CAD Million Nov 2022
Deposit Interest Rate 4.58 4.58 percent Feb 2023

Deposit Interest Rate in Canada
The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits.
Actual Previous Highest Lowest Dates Unit Frequency
4.58 4.58 22.06 -0.10 1975 - 2023 percent daily