Interest Rate on Bank Deposits (Local Currency) in Namibia

Source: World Bank
Last Updated: July 24, 2023

Interest rate on bank deposits reached 2.94% in 2021 in Namibia, according to the National Central Bank. This is 29.4% less than in the previous year.

Historically, interest rate on bank deposits in Namibia reached an all time high of 12.9% in 1998 and an all time low of 2.94% in 2021.

Namibia has been ranked 45th within the group of 96 countries we follow in terms of interest rate on bank deposits.

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