Deposit Interest Rate in Jamaica increased to 6.20 percent in 2024 from 5.80 percent in 2023. Deposit Interest Rate in Jamaica averaged 12.15 percent from 1978 until 2024, reaching an all time high of 36.60 percent in 1994 and a record low of 2.50 percent in 2020. source: World Bank
Deposit Interest Rate in Jamaica is expected to reach 5.70 percent by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Deposit Interest Rate in Jamaica is projected to trend around 4.95 percent in 2026, according to our econometric models.