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
Characteristic
Interest rate
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*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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Trading Economics. (August 30, 2023). Countries with the highest deposit interest rates worldwide as of August 2023 [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/454492/interest-rates-on-fixed-1-year-deposits-by-country/
Trading Economics. "Countries with the highest deposit interest rates worldwide as of August 2023." Chart. August 30, 2023. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/454492/interest-rates-on-fixed-1-year-deposits-by-country/
Trading Economics. (2023). Countries with the highest deposit interest rates worldwide as of August 2023. Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/454492/interest-rates-on-fixed-1-year-deposits-by-country/
Trading Economics. "Countries with The Highest Deposit Interest Rates Worldwide as of August 2023." Statista, Statista Inc., 30 Aug 2023, https://www.statista.com/statistics/454492/interest-rates-on-fixed-1-year-deposits-by-country/
Trading Economics, Countries with the highest deposit interest rates worldwide as of August 2023 Statista, https://www.statista.com/statistics/454492/interest-rates-on-fixed-1-year-deposits-by-country/ (last visited July 27, 2024)
Countries with the highest deposit interest rates worldwide as of August 2023 [Graph], Trading Economics, August 30, 2023. [Online]. Available: https://www.statista.com/statistics/454492/interest-rates-on-fixed-1-year-deposits-by-country/