South Africa: Deposit interest rate
* indicates monthly or quarterly data series
The most recent value is 8.97 percent as of September 2024, no change compared to the previous value of 8.97 percent. Historically, the average for South Africa from January 2001 to September 2024 is 7.93 percent. The minimum of 6.14 percent was recorded in June 2021, while the maximum of 11.7 percent was reached in July 2008.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: South African Reserve Bank
| Recent values | South Africa: Bank deposit interest rate, percent |
|---|---|
| 2024 Sep | 8.97 |
| 2024 Aug | 8.97 |
| 2024 Jul | 9.01 |
| 2024 Jun | 9.05 |
| 2024 May | 9.08 |
| 2024 Apr | 9.12 |
| 2024 Mar | 8.9 |
| 2024 Feb | 8.85 |
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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 | 6.1 | 2023 | percent |
| Exchange rate regimes | 7 | 2022 | index points |
| USD exchange rate | 18.4802 | 2/2025 | Local Currency Units per USD |
| Money supply (broad money) | 4,473.22 | 12/2024 | billion |
| Consumer Price Index (CPI) | 116.1000 | 12/2024 | index points |
| Inflation, monthly | 0.09 | 12/2024 | percent |
| Inflation, annual | 3.02 | 12/2024 | percent |
| Private sector credit | 4,456.15 | 12/2024 | billion |
| Business credit | 2,267.09 | 12/2024 | billion |
| Household credit | 2,189.06 | 12/2024 | billion |
| Deposit interest rate | 8.97 | 9/2024 | percent |
| Mortgage credit interest rate | 11.25 | 11/2024 | percent |
| Policy rate | 7.50 | 1/2025 | percent |
| Household debt to GDP | 34.30 | 6/2024 | percent |
| Debt service ratios for private non-financial sector | 8.20 | Q2/2024 | percent |