South Korea: Deposit interest rate
* indicates monthly or quarterly data series
The most recent value is 3.49 percent as of September 2024, an increase compared to the previous value of 3.42 percent. Historically, the average for South Korea from January 2000 to September 2024 is 3.56 percent. The minimum of 1.3 percent was recorded in March 2020, while the maximum of 7.8 percent was reached in March 2000.
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: Bank of Korea
| Recent values | South Korea: Bank deposit interest rate, percent |
|---|---|
| 2024 Sep | 3.49 |
| 2024 Aug | 3.42 |
| 2024 Jul | 3.46 |
| 2024 Jun | 3.54 |
| 2024 May | 3.57 |
| 2024 Apr | 3.54 |
| 2024 Mar | 3.54 |
| 2024 Feb | 3.64 |
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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 | 3.6 | 2023 | percent |
| Exchange rate regimes | 7 | 2022 | index points |
| USD exchange rate | 1,315.7894 | 11/2024 | Local Currency Units per USD |
| Money supply (broad money) | 4,076,483.00 | 9/2024 | billion |
| Consumer Price Index (CPI) | 114.4000 | 11/2024 | index points |
| Inflation, monthly | -0.25 | 11/2024 | percent |
| Inflation, annual | 1.53 | 11/2024 | percent |
| Private sector credit | 3,356,377.00 | 9/2024 | billion |
| Business credit | 2,023,784.60 | 9/2024 | billion |
| Household credit | 1,332,592.40 | 9/2024 | billion |
| Mortgage credit | 720,543.80 | 9/2024 | billion |
| Consumer credit | 612,048.60 | 9/2024 | billion |
| Deposit interest rate | 3.49 | 9/2024 | percent |
| Business credit interest rate | 4.77 | 9/2024 | percent |
| Mortgage credit interest rate | 3.74 | 9/2024 | percent |
| Policy rate | 3.25 | 10/2024 | percent |
| Household debt to GDP | 92.00 | 3/2024 | percent |
| Debt service ratios for private non-financial sector | 22.00 | Q1/2024 | percent |