Deposit Interest Rate in South Africa decreased to 7.12 percent in February from 7.16 percent in January of 2019. Deposit Interest Rate in South Africa averaged 10.47 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.

Deposit Interest Rate in South Africa is expected to be 7.25 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 7.25 in 12 months time. In the long-term, the Deposit Interest Rate in South Africa is projected to trend around 7.50 percent in 2020, according to our econometric models.

Deposit Interest Rate in South Africa
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Forecast Data Chart
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South Africa Money Last Previous Highest Lowest Unit
Interest Rate 6.75 6.75 23.99 5.00 percent [+]
Interbank Rate 7.16 7.16 16.96 5.06 percent [+]
Money Supply M0 266646.00 262481.00 280228.00 415.00 ZAR Million [+]
Money Supply M1 1782777.00 1722511.00 1782777.00 1482.00 ZAR Million [+]
Money Supply M2 2936702.00 2856895.00 2936702.00 2887.00 ZAR Million [+]
Money Supply M3 3626108.00 3576549.00 3626108.00 4796.00 ZAR Million [+]
Foreign Exchange Reserves 49538.00 49679.00 51889.00 5316.00 USD Million [+]
Banks Balance Sheet 5651830.00 5536801.00 5651830.00 114781.00 ZAR Million [+]
Loans to Private Sector 3710512.00 3687826.00 3710512.00 4051.00 ZAR Million [+]
Deposit Interest Rate 7.12 7.16 21.60 5.08 percent [+]
Lending Rate 10.00 10.00 25.50 5.00 percent [+]
Central Bank Balance Sheet 783745.00 793295.00 827165.00 543.00 ZAR Million [+]


Deposit Interest Rate in South Africa

The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits. This page includes a chart with historical data for Deposit Interest Rate in South Africa. Deposit Interest Rate in South Africa - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
7.12 7.16 21.60 5.08 1977 - 2019 percent Monthly




Country Last Previous
Argentina 51.63 May/19
Turkey 22.50 Apr/19
South Africa 7.12 Feb/19
Brazil 6.19 Mar/19
Russia 6.12 Mar/19
Indonesia 5.25 May/19
Mexico 3.69 Feb/19
Saudi Arabia 3.40 May/19
South Korea 2.07 Feb/19
Australia 1.85 Apr/19
Canada 1.81 May/19
United Kingdom 0.50 May/19
China 0.35 Apr/19
Singapore 0.20 Apr/19
Japan -0.22 May/19
Switzerland -0.31 Mar/19
Euro Area -0.40 Apr/19


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