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Interest Rate on Bank Deposits (Local Currency) in Malawi

Source: World Bank
Last Updated: July 24, 2023

Interest rate on bank deposits reached 11.6% in 2016 in Malawi, according to the National Central Bank. This is 0.182% less than in the previous year.

Historically, interest rate on bank deposits in Malawi reached an all time high of 37.3% in 1995 and an all time low of 3.50% in 2008.

Malawi has been ranked 13th within the group of 144 countries we follow in terms of interest rate on bank deposits.

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