Deposit interest rate (%) in Korea
Korea: Deposit interest rate (%) was 2.7% in 2025. ◆ Volatile
Deposit interest rate in Korea, 1996–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
Korea recorded 2.7% for deposit interest rate in 2025.
That represents a change of down 21.5% on the previous year and up 51.1% over ten years.
Over the whole period, deposit interest rate in Korea peaked at 13.3% in 1998 and was at its lowest, 1.2%, in 2020.
That places Korea 86th out of 153 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Deposit interest rate (%) in Korea, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 10.1% | — |
| 1997 | 10.8% | +6.9% |
| 1998 | 13.3% | +23.0% |
| 1999 | 7.9% | -40.2% |
| 2000 | 7.9% | -0.1% |
| 2001 | 5.8% | -27.0% |
| 2002 | 4.9% | -14.6% |
| 2003 | 4.3% | -14.1% |
| 2004 | 3.9% | -8.9% |
| 2005 | 3.7% | -3.9% |
| 2006 | 4.5% | +21.0% |
| 2007 | 5.2% | +14.9% |
| 2008 | 5.9% | +13.5% |
| 2009 | 3.5% | -40.7% |
| 2010 | 3.9% | +10.7% |
| 2011 | 4.2% | +7.7% |
| 2012 | 3.7% | -10.9% |
| 2013 | 2.9% | -21.9% |
| 2014 | 2.5% | -12.3% |
| 2015 | 1.8% | -28.7% |
| 2016 | 1.6% | -13.9% |
| 2017 | 1.7% | +7.2% |
| 2018 | 2.0% | +21.3% |
| 2019 | 1.9% | -8.6% |
| 2020 | 1.2% | -37.3% |
| 2021 | 1.2% | +3.1% |
| 2022 | 3.1% | +160.9% |
| 2023 | 3.8% | +23.1% |
| 2024 | 3.5% | -9.4% |
| 2025 | 2.7% | -21.5% |
Korea compared with similar countries
- Korea's 2.7% is above the median for high income countries, which is 1.6%, 1.8× the median. (39 countries reporting)
- Korea's 2.7% is above the median for East Asia & Pacific, which is 1.5%, 1.8× the median. (26 countries reporting)
Biggest year-on-year movements
Years where Deposit interest rate (%) in Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | +160.9% | 1.2% | 3.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.5% | 7.9% | 13.3% | 4 |
| 2000s | 5.0% | 3.5% | 7.9% | 10 |
| 2010s | 2.6% | 1.6% | 4.2% | 10 |
| 2020s | 2.6% | 1.2% | 3.8% | 6 |
Countries ranked near Korea
More financial sector data for Korea
- Reserve position in the IMF, US dollar, annual growth rate 6.29 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 58.67 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.21 % 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 42.84 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.29 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 58.67 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.21 % change on previous year (2025)
Frequently asked questions
- What is deposit interest rate in Korea?
- Deposit interest rate in Korea was 2.7% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Korea?
- The highest recorded value was 13.3% in 1998.
- What is the lowest deposit interest rate recorded in Korea?
- The lowest recorded value was 1.2% in 2020.
- How does Korea rank for deposit interest rate?
- Korea ranks 86th out of 153 countries with data for 2025.
- Is deposit interest rate rising or falling in Korea?
- Over the last ten years it is up 51.1%. The long-run trend across the full record is volatile.
- Where does this Korea 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.
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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.