Deposit Interest Rate in Iceland increased to 4.85 in 2004 from 4.81 in 2003. source: World Bank

Deposit Interest Rate in Iceland averaged 15.21 percent from 1980 until 2004, reaching an all time high of 39.46 percent in 1983 and a record low of 3.03 percent in 1994. This page includes a chart with historical data for Deposit Interest Rate in Iceland. Deposit Interest Rate in Iceland - values, historical data and charts - was last updated on January of 2021.

Deposit Interest Rate in Iceland is expected to reach 4.85 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Deposit Interest Rate in Iceland is projected to trend around 5.35 percent in 2021 and 6.60 percent in 2022, according to our econometric models.

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Deposit Interest Rate in Iceland

Actual Previous Highest Lowest Dates Unit Frequency
4.85 4.81 39.46 3.03 1980 - 2004 percent Yearly

Iceland Money Last Previous Highest Lowest Unit
Interest Rate 0.75 1.00 18.00 0.75 percent [+]
Money Supply M0 163.74 168.47 183.21 11.05 ISK Billion [+]
Money Supply M1 687.83 682.69 687.83 8.88 ISK Billion [+]
Interbank Rate 1.13 1.13 18.47 1.02 percent [+]
Money Supply M2 1487.63 1489.37 1489.37 0.06 ISK Billion [+]
Money Supply M3 2259.66 2267.85 2267.85 0.03 ISK Billion [+]
Foreign Exchange Reserves 816734.94 863657.48 1110368.00 610.00 ISK Million [+]
Banks Balance Sheet 4278974.07 4193179.24 14896283.00 257400.00 ISK Million [+]
Private Debt to GDP 314.90 336.70 400.80 272.80 percent [+]
Central Bank Balance Sheet 963921.00 992928.00 1638738.00 57829.00 ISK Million [+]


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