Deposit Interest Rate in South Africa decreased to 6.82 percent in May from 6.83 percent in April of 2026. Deposit Interest Rate in South Africa averaged 9.82 percent from 1977 until 2026, reaching an all time high of 21.60 percent in August of 1998 and a record low of 3.74 percent in March of 2021. source: IMF
Deposit Interest Rate in South Africa is expected to be 7.07 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 South Africa is projected to trend around 5.82 percent in 2027 and 5.07 percent in 2028, according to our econometric models.