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Interest Rate on Bank Deposits (Local Currency) in Canada

Source: OECD, National Central Bank, Office of the Superintendent of Financial Institutions
Last Updated: July 24, 2023

Interest rate on bank deposits reached 0.100% in fourth quarter of 2015 in Canada, according to the National Central Bank. This is 0% more than in the previous quarter.

Historically, interest rate on bank deposits in Canada reached an all time high of 10.5% in 2Q1990 and an all time low of 0.050% in 1Q2010.

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