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Interest Rate on Bank Deposits (Local Currency) in Jamaica

Source: World Bank
Last Updated: July 24, 2023

Interest rate on bank deposits reached 2.59% in 2021 in Jamaica, according to the National Central Bank. This is 5.16% more than in the previous year.

Historically, interest rate on bank deposits in Jamaica reached an all time high of 36.6% in 1994 and an all time low of 2.46% in 2020.

Jamaica has been ranked 47th within the group of 96 countries we follow in terms of interest rate on bank deposits.

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