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Interest Rate on Bank Deposits (Local Currency) in Canada

Source: World Bank
Last Updated: July 24, 2023

Interest rate on bank deposits reached 0.100% in 2017 in Canada, according to the National Central Bank. This is 0% more than in the previous year.

Historically, interest rate on bank deposits in Canada reached an all time high of 16.0% in 1981 and an all time low of 0.075% in 2015.

Canada has been ranked 121st within the group of 125 countries we follow in terms of interest rate on bank deposits.

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