South Africa Deposit Rate
Deposit interest rate FR.INR.DPST
South Africa's deposit rate was 8.34% in 2025, ranked 22nd globally. This represents a 5.3% increase from 2024. Data from World Bank, covering 2001–2025.
Overview
South Africa's deposit rate stood at 8.34% in 2025, a rise of +0.42pp from 2024. Based on recent trends, this figure is projected to reach 8.34% by 2025. South Africa ranked 22nd globally.
South Africa's deposit rate has experienced significant fluctuations over the past 25 years, ranging from a high of 11.61% in 2008 to a low of 3.81% in 2021. The deposit rate has generally trended downward since the 2008 peak, with a brief recovery in 2015. As of 2025, the deposit rate stands at 8.34%, ranking 22nd globally. This is lower than that of Azerbaijan, which boasts a deposit rate of 8.65%, but higher than Armenia's 8.32%. The South African deposit rate has historically been influenced by monetary policy decisions aimed at controlling inflation and stabilizing the economy. The current trajectory suggests a stable deposit rate, with a possible decrease in the near future as the South African Reserve Bank adjusts its monetary policy stance in response to changes in inflation and economic growth. A decrease in interest rates would likely boost economic activity, but may also lead to increased borrowing and inflationary pressures.
Data & projection
| Year | Deposit Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 10.12% | - | - |
| 2026* trend | 9.23% | - | - |
| 2025* trend | 8.34% | - | - |
| 2025 | 8.34% | +0.42pp | #22 |
| 2024 | 7.92% | +1.27pp | #66 |
| 2023 | 6.65% | +1.59pp | #69 |
| 2022 | 5.07% | +1.25pp | #71 |
| 2021 | 3.82% | −1.07pp | #78 |
| 2020 | 4.88% | −2.13pp | #83 |
| 2019 | 7.01% | +0.01pp | #93 |
| 2018 | 7.00% | −0.25pp | #98 |
| 2017 | 7.25% | +0.07pp | #113 |
| 2016 | 7.17% | +1.02pp | #113 |
| 2015 | 6.15% | +0.35pp | #100 |
| 2014 | 5.80% | +0.65pp | #98 |
| 2013 | 5.15% | −0.28pp | #93 |
| 2012 | 5.44% | −0.24pp | #88 |
| 2011 | 5.67% | −0.79pp | #85 |
Detected Pattern
Analysis
South Africa matched the Export Boom Cycle pattern in 1994. Historically, 71% of countries showing this pattern (546 out of 768) saw deposit rate improve within 24 months. View full analysis →
Frequently Asked Questions
South Africa's deposit rate was 8.34% in 2025. Ranked 22nd globally. This represents a 5.3% increase from the previous year.
South Africa's deposit rate peaked at 11.61% in 2008.
The lowest deposit rate in South Africa was 3.82% in 2021.
South Africa ranks 22nd globally in deposit rate as of 2025.
The World Bank indicator code is FR.INR.DPST. Data sourced from World Bank.
South Africa's deposit rate is projected to reach 8.34% by 2025 based on trend extrapolation.
The deposit rate of South Africa in 2025 was 8.34%. This ranks 22nd in the world.
Cite this page
@misc{historysaid_south-africa_deposit-rate,
title = {South Africa Deposit Rate},
url = {https://historysaid.com/south-africa/deposit-rate/},
publisher = {HistorySaid},
year = {2026}
}