Countries with highest deposit interest rates 2023 | Statista (2024)

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Countries with the highest deposit interest rates worldwide as of August 2023 Statistics on " Interest Rates " Other statistics that may interest you Interest Rates Statistics Topics FAQs

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    Published by Statista Research Department, Aug 30, 2023

    As of August 2023, the country with the highest deposit interest rate worldwide was Argentina, where the interest rate was as high as 113 percent. Second in the list came an African country, Zimbabwe, where the interest rate reached 110 percent.

    Countries with the highest deposit interest rates worldwide as of August 2023

    CharacteristicInterest rate
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    Release date

    August 2023

    More information

    Region

    Worldwide

    Survey time period

    August 2023*

    Supplementary notes

    *Data for Argentina, Vnezuela, Turkey, and Hungary as of August 2023.
    Data for Zimbabwe, Madagscar, and Egypt as of May 2023.
    Data for Uzbekistan, Georgia, and Uganda as of June 2023.
    Data for Ukraine, and Sierra Leone as of July 2023.

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    Statistics on " Interest Rates "

    Other statistics that may interest you Interest Rates

    Overview of interest rates worldwide

    8

    U.S. interest rates

    5

    European interest rates

    7

    Interest rates in other regions

    8

    Government Bonds

    7

    Mortgages

    8

    Other Loans

    7

    Further related statistics

    10

    Further Content: You might find this interesting as well

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    Countries with highest deposit interest rates 2023 | Statista (2024)

    FAQs

    Countries with highest deposit interest rates 2023 | Statista? ›

    Countries with the highest deposit interest rates worldwide 2023. As of August 2023, the country with the highest deposit interest rate worldwide was Argentina, where the interest rate was as high as 113 percent. Second in the list came an African country, Zimbabwe, where the interest rate reached 110 percent.

    Read On ›
    Which country has the best deposit interest rate? ›

    20 Countries with Highest Interest Rates in 2024
    • Kazakhstan. Latest Interest Rate (January 2024): 15.25% ...
    • Russia. Latest Interest Rate (January 2024): 16% ...
    • Haiti. Latest Interest Rate (January 2024): 17% ...
    • Gambia. Latest Interest Rate (January 2024): 17% ...
    • Mozambique. ...
    • Angola. ...
    • Nigeria. ...
    • Egypt.
    More items...
    Jan 31, 2024

    Discover More Details ›
    Which country pays the highest interest rate? ›

    FAQ
    • Turkey: 43.5%
    • Venezuela: 36%
    • Uzbekistan: 18.4%
    • Sierra Leone: 15.75%
    • Egypt: 14.49%
    • Colombia: 13.21%
    • Madagascar: 13%
    • Mongolia: 11.6%
    More items...
    Mar 20, 2024

    Continue Reading ›
    Which international bank gives the highest interest rate? ›

    Foreign Banks Fixed Deposit Rates
    Bank NameInterest Rates for Tenure 1-2 yearsInterest Rates for Tenure 5-10 years
    Deutsche Bank7.00% - 7.50%7.25%
    DBS Bank6.25% - 7.25%6.50%
    Barclays Bank5.89% - 5.86%5.69% - 5.74%
    Doha Bank6.50% - 7.30%4.25%
    7 more rows

    See Details ›
    Which country has the highest real interest rates? ›

    As of March 2023, Brazil has the highest real interest rate among the 40 major economies shown in this dataset. In general, countries with high interest rates offer investors higher yields on their investments but also come with higher risks due to volatile economies and political instability.

    Find Out More ›
    What is the best country to move to save money? ›

    One way that savings are measured is through the gross domestic savings rate. According to 2022 World Bank data, the top ten countries by this metric were Djibouti, Qatar, Ireland, Gabon, Singapore, Brunei, Luxembourg, the Republic of Congo, Zambia, and Norway. World Bank.

    Tell Me More ›
    Which country is best for saving money? ›

    Using two unique data sets from OECD, here are the top 10 countries that excel at saving the most money each month:
    • Switzerland.
    • Sweden.
    • Norway.
    • Australia.
    • Germany.
    • France.
    • Austria.
    • Netherlands.
    More items...
    Sep 29, 2023

    Show Me More ›
    Where can I put my money to earn the most interest in USA? ›

    The safest place to put money is in an interest-earning bank account at an FDIC-insured bank or an NCUA-insured credit union. There's no risk of losing your money. You'll find the best interest rates at online banks. Government securities like T-bills and I Bonds are also considered safe options.

    Explore More ›
    What is the deposit interest rate in Europe? ›

    Deposit Interest Rate In the Euro Area decreased to 3.50 percent in September from 3.75 percent in August of 2024. Deposit Interest Rate in Euro Area is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

    Continue Reading ›
    Which European country has the highest interest rate? ›

    Despite regular rate cuts thereafter, Hungary still had the highest interest rate in the EU at 6.75 percent as of August 2024. With two cuts between May and August 2024, Sweden had the lowest rate at 3.5 percent.

    Show Me More ›

    Which bank gives 7% interest on savings accounts? ›

    There are no national or community banks offering 7% interest on a savings account right now. Landmark Credit Union, which serves residents in select counties in Wisconsin and Illinois, pays 7.50% APY on its Landmark Credit Union Premium Checking Account — however, there are some major caveats to consider.

    Read The Full Story ›
    Which bank in USA gives highest interest? ›

    Best High-Yield Savings Account Rates for September 2024
    • Pibank – 5.50% APY.
    • Poppy Bank – 5.50% APY.
    • Western Alliance Bank – 5.31% APY.
    • Forbright Bank – 5.30% APY.
    • Vio Bank – 5.30% APY.
    • BrioDirect – 5.30% APY.
    • Ivy Bank – 5.30% APY.
    • TotalBank – 5.26% APY.
    More items...

    See Details ›
    Can a non-US citizen open a high yield savings account? ›

    Yes, non-U.S. citizens can open a bank account in the U.S. When you open a bank account at Bank of America, you'll need to provide two forms of identification, a tax identification number and documents that show proof of both a foreign and U.S. address.

    Get More Info Here ›
    Which country has best deposit interest rate? ›

    Countries with the highest deposit interest rates worldwide 2023. As of August 2023, the country with the highest deposit interest rate worldwide was Argentina, where the interest rate was as high as 113 percent. Second in the list came an African country, Zimbabwe, where the interest rate reached 110 percent.

    Continue Reading ›
    What is China's interest rate? ›

    China Loan Prime Rate is at 3.35%, compared to 3.35% last month and 3.45% last year. This is lower than the long term average of 3.74%.

    View More ›
    Which countries are raising interest rates? ›

    This group of eight countries—Brazil, Chile, Hungary, New Zealand, Norway, Peru, Poland and South Korea—started to tighten monetary policy in 2021, many months ahead of the Federal Reserve and the European Central Bank (ECB). They also raised rates far more aggressively.

    View Details ›
    Which country is the best to invest in FD? ›

    Argentina is the top country by deposit interest rate in the world.

    See More ›
    Which bank has the highest time deposit interest rate? ›

    Offering the highest interest rate in the market of up to 7.5% per annum and flexible tenure options, CIMB savings account holders now have a new financial tool you can use to save for your new milestones in life.

    Learn More ›
    Who has the highest term deposit interest rate? ›

    Average vs highest term deposit rates in September
    Term deposit lengthAverage term deposit ratesHighest term deposit rates
    1 year4.59% p.a.5.10% p.a. from Illawarra Credit Union
    2 years4.03% p.a.4.80% p.a. from Credit Union SA
    3 years3.85% p.a.4.75% p.a. from Community First Bank
    4 years3.69% p.a.4.60% p.a. from Judo Bank
    4 more rows

    Discover More Details ›
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