New Zealand Deposit Rate
Deposit interest rate FR.INR.DPST
New Zealand's deposit rate was 7.13% in 2025, ranked 28th globally. This represents a 24.5% increase from 2024. Data from World Bank, covering 1990–2025.
Overview
New Zealand's deposit rate stood at 7.13% in 2025, a rise of +1.40pp from 2024. Based on recent trends, this figure is projected to reach 7.13% by 2025. New Zealand ranked 28th globally.
New Zealand’s deposit rate has fallen sharply from its all‑time peak of 11.65 % in 1990 to a historic trough of 1.01 % in 2021, before climbing back to 7.13 % in 2025, placing the country 28th globally. The 36‑year series shows a pronounced downward trend through the 1990s and early 2000s, a prolonged low‑rate environment after the global financial crisis, and a recent resurgence as central banks tightened policy in response to inflationary pressures. In 2025 New Zealand’s rate is marginally lower than Jamaica’s 7.46 % and closely aligned with Honduras’s 7.12 % and Romania’s 7.55 %, indicating it remains competitive among peers with similar monetary stances. The upward movement from the 2021 trough suggests that further rate hikes are possible if inflation remains above target, but a shift toward accommodative policy or a slowdown in price pressures could again pull the deposit rate downward.
Data & projection
| Year | Deposit Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 9.66% | - | - |
| 2026* trend | 8.40% | - | - |
| 2025* trend | 7.13% | - | - |
| 2025 | 7.13% | +1.40pp | #28 |
| 2024 | 5.73% | +0.21pp | #56 |
| 2023 | 5.52% | +2.70pp | #61 |
| 2022 | 2.82% | +1.80pp | #53 |
| 2021 | 1.02% | −0.66pp | #29 |
| 2020 | 1.68% | −1.33pp | #40 |
| 2019 | 3.00% | −0.26pp | #55 |
| 2018 | 3.26% | −0.04pp | #62 |
| 2017 | 3.30% | +0.07pp | #74 |
| 2016 | 3.23% | −0.50pp | #71 |
| 2015 | 3.73% | −0.28pp | #77 |
| 2014 | 4.01% | +0.18pp | #81 |
| 2013 | 3.83% | −0.28pp | #76 |
| 2012 | 4.11% | −0.16pp | #76 |
| 2011 | 4.27% | −0.31pp | #71 |
Analysis
New Zealand's deposit rate was 7.13% in 2025, a rise of +1.40pp from 2024. Based on trends, estimated 7.13% by 2025.
Frequently Asked Questions
New Zealand's deposit rate was 7.13% in 2025. Ranked 28th globally. This represents a 24.5% increase from the previous year.
New Zealand's deposit rate peaked at 11.65% in 1990.
The lowest deposit rate in New Zealand was 1.02% in 2021.
New Zealand ranks 28th globally in deposit rate as of 2025.
The World Bank indicator code is FR.INR.DPST. Data sourced from World Bank.
New Zealand's deposit rate is projected to reach 7.13% by 2025 based on trend extrapolation.
The deposit rate of New Zealand in 2025 was 7.13%. This ranks 28th in the world.
Cite this page
@misc{historysaid_new-zealand_deposit-rate,
title = {New Zealand Deposit Rate},
url = {https://historysaid.com/new-zealand/deposit-rate/},
publisher = {HistorySaid},
year = {2026}
}