Deposit Interest Rate in South Korea increased to 2.92 percent in April from 2.82 percent in March of 2026. Deposit Interest Rate in South Korea averaged 4.51 percent from 1980 until 2026, reaching an all time high of 19.50 percent in December of 1980 and a record low of 0.81 percent in August of 2020. source: The Bank of Korea
Deposit Interest Rate in South Korea is expected to be 2.92 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 Korea is projected to trend around 2.67 percent in 2027, according to our econometric models.