Deposit interest rate (%) in Canada
Canada: Deposit interest rate (%) was 0.1% in 2017. ◆ Volatile
Deposit interest rate in Canada, 1971–2017
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
Canada recorded 0.1% for deposit interest rate in 2017.
Compared with earlier readings it is down 95.2% over ten years.
Over the whole period, deposit interest rate in Canada peaked at 16.0% in 1981 and was at its lowest, 0.1%, in 2015.
That places Canada 150th out of 153 countries with data for 2017, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Deposit interest rate (%) in Canada, year by year
| Year | % | Change |
|---|---|---|
| 1971 | 4.4% | — |
| 1972 | 5.0% | +12.9% |
| 1973 | 6.4% | +28.3% |
| 1974 | 9.3% | +45.8% |
| 1975 | 7.4% | -21.0% |
| 1976 | 8.6% | +17.6% |
| 1977 | 7.0% | -19.5% |
| 1978 | 8.2% | +17.7% |
| 1979 | 11.3% | +38.2% |
| 1980 | 11.5% | +1.8% |
| 1981 | 16.0% | +38.5% |
| 1982 | 12.9% | -19.1% |
| 1983 | 7.3% | -43.2% |
| 1984 | 8.9% | +21.9% |
| 1985 | 7.8% | -12.8% |
| 1986 | 7.1% | -9.1% |
| 1987 | 5.7% | -19.7% |
| 1988 | 6.6% | +16.8% |
| 1989 | 9.1% | +36.7% |
| 1990 | 9.9% | +8.5% |
| 1991 | 5.8% | -41.6% |
| 1992 | 3.9% | -31.9% |
| 1993 | 3.2% | -18.1% |
| 1994 | 4.0% | +24.1% |
| 1995 | 5.3% | +32.7% |
| 1996 | 3.0% | -43.2% |
| 1997 | 1.9% | -36.6% |
| 1998 | 3.1% | +61.8% |
| 1999 | 2.9% | -6.5% |
| 2000 | 3.5% | +21.0% |
| 2001 | 2.3% | -35.3% |
| 2002 | 0.8% | -63.2% |
| 2003 | 1.1% | +32.7% |
| 2004 | 0.8% | -28.8% |
| 2005 | 0.8% | +1.1% |
| 2006 | 1.8% | +130.5% |
| 2007 | 2.1% | +14.2% |
| 2008 | 1.5% | -28.0% |
| 2009 | 0.1% | -93.6% |
| 2010 | 0.2% | +108.7% |
| 2011 | 0.5% | +137.5% |
| 2012 | 0.5% | +1.8% |
| 2013 | 0.6% | +13.8% |
| 2014 | 0.6% | +0.0% |
| 2015 | 0.1% | -86.4% |
| 2016 | 0.1% | +33.3% |
| 2017 | 0.1% | +0.0% |
Canada compared with similar countries
- Canada's 0.1% is below the median for high income countries, which is 1.6%, 6% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.5% | 4.4% | 11.3% | 9 |
| 1980s | 9.3% | 5.7% | 16.0% | 10 |
| 1990s | 4.3% | 1.9% | 9.9% | 10 |
| 2000s | 1.5% | 0.1% | 3.5% | 10 |
| 2010s | 0.3% | 0.1% | 0.6% | 8 |
Countries ranked near Canada
- 147 Hong Kong 0.2% compare
- 148 Barbados 0.1% compare
- 149 Singapore 0.1% compare
- 151 South Sudan 0.1% compare
- 152 Switzerland 0.1% compare
- 153 Micronesia (country) 0.0% compare
More financial sector data for Canada
- Reserve position in the IMF, US dollar, annual growth rate 6.08 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 93.62 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.02 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 68.36 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.08 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 93.62 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.02 % change on previous year (2025)
Frequently asked questions
- What is deposit interest rate in Canada?
- Deposit interest rate in Canada was 0.1% in 2017, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Canada?
- The highest recorded value was 16.0% in 1981.
- What is the lowest deposit interest rate recorded in Canada?
- The lowest recorded value was 0.1% in 2015.
- How does Canada rank for deposit interest rate?
- Canada ranks 150th out of 153 countries with data for 2017.
- Is deposit interest rate rising or falling in Canada?
- Over the last ten years it is down 95.2%. The long-run trend across the full record is volatile.
- Where does this Canada data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Deposit interest rate (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 47 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.