Interest rate on bank deposits reached 6.68% in 2020 in Tanzania, according to the National Central Bank. This is 5.94% less than in the previous year.
Historically, interest rate on bank deposits in Tanzania reached an all time high of 24.6% in 1995 and an all time low of 3.05% in 2003.
Tanzania has been ranked 19th within the group of 99 countries we follow in terms of interest rate on bank deposits.
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