Philippines: Deposit interest rate
* indicates monthly or quarterly data series
The most recent value is 4.74 percent as of November 2024, an increase compared to the previous value of 4.51 percent. Historically, the average for the Philippines from January 1982 to November 2024 is 7.7 percent. The minimum of 0.4 percent was recorded in February 2022, while the maximum of 34.27 percent was reached in November 1984.
Click on the following link to see the values of: Deposit interest rate around the world.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Central Bank of the Philippines
| Recent values | Philippines: Bank deposit interest rate, percent |
|---|---|
| 2024 Nov | 4.74 |
| 2024 Oct | 4.51 |
| 2024 Sep | 4.51 |
| 2024 Aug | 4.57 |
| 2024 Jul | 4.56 |
| 2024 Jun | 4.48 |
| 2024 May | 4.56 |
| 2024 Apr | 4.45 |
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Definition: The deposit interest rate is the average interest rate on one year term deposits offered by the commercial banks to the household sector.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 6.0 | 2023 | percent |
| Exchange rate regimes | 7 | 2022 | index points |
| USD exchange rate | 57.4185 | 3/2025 | Local Currency Units per USD |
| Money supply (broad money) | 17,719.16 | 1/2025 | billion |
| Consumer Price Index (CPI) | 127.8000 | 3/2025 | index points |
| Inflation, monthly | -0.23 | 3/2025 | percent |
| Inflation, annual | 1.75 | 3/2025 | percent |
| Private sector credit | 12,551.07 | Q4/2024 | billion |
| Business credit | 9,943.93 | 12/2024 | billion |
| Household credit | 2,607.15 | Q4/2024 | billion |
| Mortgage credit | 1,015.45 | Q4/2024 | billion |
| Consumer credit | 1,591.69 | 12/2024 | billion |
| Deposit interest rate | 4.74 | 11/2024 | percent |
| Policy rate | 5.75 | 2/2025 | percent |