Interest rate on bank deposits reached 6.11% in third quarter of 2015 in South Africa, according to the National Central Bank. This is 0.219% more than in the previous quarter.
Historically, interest rate on bank deposits in South Africa reached an all time high of 19.9% in 3Q1998 and an all time low of 5.09% in 1Q2013.
South Africa has been ranked 25th within the group of 102 countries we follow in terms of interest rate on bank deposits.
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