Interest Rate on Bank Deposits (Local Currency) in Philippines

Created with Highcharts 6.0.4%197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820190510152025
Source: World Bank
Last Updated: July 24, 2023

Interest rate on bank deposits reached 4.08% in 2019 in Philippines, according to the National Central Bank. This is 31.0% more than in the previous year.

Historically, interest rate on bank deposits in Philippines reached an all time high of 21.2% in 1984 and an all time low of 1.23% in 2014.

Philippines has been ranked 49th within the group of 104 countries we follow in terms of interest rate on bank deposits.

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