Bank deposit interest rate, percent
| Latest value
| Data availability
||January 2000 - September 2023
| Min - Max
||1.3 - 7.8
Bank of Korea
For that indicator, we provide data for South Korea from January 2000 to September 2023. The average value for South Korea during that period was 3.55 percent with a minimum of 1.3 percent in March 2020 and a maximum of 7.8 percent in March 2000.
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Source: Bank of Korea
Definition: The deposit interest rate is the average interest rate on one year term deposits offered by the commercial banks to the household sector.