Interest rate on bank deposits fell 27.8% to 1.78% in Swaziland in 2021, according to the National Central Bank.
Historically, interest rate on bank deposits in Swaziland reached an all time high of 15.0% in 1984 and an all time low of 1.78% in 2021. When compared to Swaziland's main peers, interest rate on bank deposits in Botswana amounted to 1.43%, 1.66% in Lesotho, 7.02% in Mozambique and 3.82% in South Africa in 2021.
Swaziland has been ranked 55th within the group of 96 countries we follow in terms of interest rate on bank deposits, 44 places above the position seen 10 years ago.
| Interest Rate on Bank Deposits (Local Currency) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Botswana | % | 2.50% | 2.12% | 1.44% | 1.52% | 1.59% | ||||||||||||||||
| Lesotho | % | 2.33% | 1.11% | 1.22% | 1.39% | 1.65% | ||||||||||||||||
| Malawi | % | 11.6% | 11.6% | ... | ... | ... | ... | ... | ||||||||||||||
| Mozambique | % | 8.53% | 10.8% | 17.1% | 13.6% | 9.06% | ||||||||||||||||
| Namibia | % | 4.71% | 5.65% | 5.89% | 5.87% | 5.71% | ||||||||||||||||
| South Africa | % | 6.15% | 7.17% | 7.25% | 7.00% | 7.01% | ||||||||||||||||
| Swaziland | % | 2.27% | 2.94% | 3.20% | 3.76% | 3.69% | ||||||||||||||||
| Tanzania | % | 9.90% | 10.5% | 11.2% | 8.20% | 7.10% | ... | |||||||||||||||
| Zambia | % | 8.99% | 10.8% | 8.89% | 6.80% | 8.29% | ... | |||||||||||||||
| Zimbabwe | % | ... | ... | ... | ... | ... | ... | 6.70% | 4.09% | 3.27% | 2.53% | 2.98% |
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