Deposit interest rate in South Africa
South Africa: Deposit interest rate was 7.4% in 2025. ▼ Falling
Deposit interest rate in South Africa, 2001–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
South Africa recorded 7.4% for deposit interest rate in 2025.
The figure is down 6.3% on the previous year and up 20.6% over ten years.
Over the whole period, deposit interest rate in South Africa peaked at 11.6% in 2008 and was at its lowest, 3.8%, in 2021.
South Africa ranks 30th of 152 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Deposit interest rate in South Africa, year by year
| Year | % | Change |
|---|---|---|
| 2001 | 9.0% | — |
| 2002 | 10.8% | +19.8% |
| 2003 | 9.8% | -9.4% |
| 2004 | 6.6% | -32.9% |
| 2005 | 6.0% | -7.8% |
| 2006 | 7.1% | +18.2% |
| 2007 | 9.2% | +28.2% |
| 2008 | 11.6% | +26.8% |
| 2009 | 8.5% | -26.5% |
| 2010 | 6.5% | -24.3% |
| 2011 | 5.7% | -12.3% |
| 2012 | 5.4% | -4.2% |
| 2013 | 5.2% | -5.2% |
| 2014 | 5.8% | +12.6% |
| 2015 | 6.2% | +6.1% |
| 2016 | 7.2% | +16.5% |
| 2017 | 7.2% | +1.0% |
| 2018 | 7.0% | -3.4% |
| 2019 | 7.0% | +0.1% |
| 2020 | 4.9% | -30.4% |
| 2021 | 3.8% | -21.8% |
| 2022 | 5.1% | +32.8% |
| 2023 | 6.7% | +31.3% |
| 2024 | 7.9% | +19.1% |
| 2025 | 7.4% | -6.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.7% | 6.0% | 11.6% | 9 |
| 2010s | 6.3% | 5.2% | 7.2% | 10 |
| 2020s | 6.0% | 3.8% | 7.9% | 6 |
Countries ranked near South Africa
More financial sector data for South Africa
- Net domestic credit (current LCU), per capita 95,301 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 14.44 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 11.21 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 141.22 million SDR (2025)
- Gold reserves at market value 12.87 billion SDR (2025)
- Reserves excluding gold, foreign exchange 37.46 billion SDR (2025)
- Reserves excluding gold 42.64 billion SDR (2025)
- Total reserves (gold at market value) 55.51 billion SDR (2025)
- Total reserves (gold at national valuation) 55.42 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 855.88 SDR per person (2025)
Frequently asked questions
- What is deposit interest rate in South Africa?
- Deposit interest rate in South Africa was 7.4% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in South Africa?
- The highest recorded value was 11.6% in 2008.
- What is the lowest deposit interest rate recorded in South Africa?
- The lowest recorded value was 3.8% in 2021.
- How does South Africa rank for deposit interest rate?
- South Africa ranks 30th out of 152 countries with data for 2025.
- Is deposit interest rate rising or falling in South Africa?
- Over the last ten years it is up 20.6%. The long-run trend across the full record is falling.
- Where does this South Africa 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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CSV · JSON — 25 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.