United Kingdom Deposit Rate
Deposit interest rate FR.INR.DPST
United Kingdom's deposit rate was 4.48% in 1998, ranked 16th globally. This represents a 23.5% increase from 1997. Data from World Bank, covering 1960–1998.
Overview
United Kingdom's deposit rate stood at 4.48% in 1998, a rise of +0.85pp from 1997. United Kingdom ranked 16th globally.
The United Kingdom’s deposit rate has risen from an early‑record low of 3.38 % in 1960 to a recent level of 4.48 % in 1998, placing it 16th among world economies. The rate’s most dramatic expansion occurred in 1980, when it peaked at 14.12 %, a level far above the long‑term average and reflective of the high‑interest environment of that era. By contrast, the all‑time trough of 2.00 % in 1963 marked the nadir of monetary tightening during the post‑war period. Over the 39‑year coverage span, the United Kingdom’s deposit rate has remained modestly above peers such as Antigua and Barbuda (4.34 %) and Australia (4.34 %), while trailing Singapore’s 4.60 % rate. The upward movement from the early 1960s low to the 1998 figure suggests a gradual normalization after the volatile 1980s peak, and future shifts in inflation expectations or central‑bank policy could further shape the trajectory.
Data & projection
| Year | Deposit Rate | YoY change | Rank |
|---|---|---|---|
| 1998 | 4.48% | +0.85pp | #16 |
| 1997 | 3.63% | +0.59pp | #7 |
| 1996 | 3.05% | −1.06pp | #3 |
| 1995 | 4.11% | +0.45pp | #5 |
| 1994 | 3.66% | −0.31pp | #6 |
| 1993 | 3.97% | −3.49pp | #9 |
| 1992 | 7.46% | −2.82pp | #25 |
| 1991 | 10.28% | −2.26pp | #39 |
| 1990 | 12.54% | +1.04pp | #47 |
| 1989 | 11.51% | +2.96pp | #39 |
| 1988 | 8.55% | −0.02pp | #32 |
| 1987 | 8.57% | −1.28pp | #34 |
| 1986 | 9.85% | −1.94pp | #37 |
| 1985 | 11.79% | +4.52pp | #40 |
| 1984 | 7.27% | −3.92pp | #20 |
Detected Pattern
Analysis
United Kingdom matched the Export Boom Cycle pattern in 1985. Historically, 71% of countries showing this pattern (546 out of 768) saw deposit rate improve within 24 months. View full analysis →
Frequently Asked Questions
United Kingdom's deposit rate was 4.48% in 1998. Ranked 16th globally. This represents a 23.5% increase from the previous year.
United Kingdom's deposit rate peaked at 14.13% in 1980.
The lowest deposit rate in United Kingdom was 2.00% in 1963.
United Kingdom ranks 16th globally in deposit rate as of 1998.
The World Bank indicator code is FR.INR.DPST. Data sourced from World Bank.
The deposit rate of United Kingdom in 1998 was 4.48%. This ranks 16th in the world.
Cite this page
@misc{historysaid_united-kingdom_deposit-rate,
title = {United Kingdom Deposit Rate},
url = {https://historysaid.com/united-kingdom/deposit-rate/},
publisher = {HistorySaid},
year = {2026}
}