In the 1st quarter of 2025, personal savings amounted to 3.97 percent of the disposable income in the United States. The personal savings rate peaked in 2020, when U.S. households saved on average over 15 percent of their income. After that, it has remained between three and five percent. Savings during recessions During recessions, households often tend to increase their savings due to economic uncertainty and to compensate for any possible loss of income, which could occur, for example, in the case of falling into unemployment. For example, as seen in this statistic, the savings rate increased noticeably between 2007 and 2012, coinciding with a period of crisis. However, there are also factors that affect the amount of money that households can manage to set aside, such as inflation. Saving can be particularly difficult during periods when the inflation rate has been higher than the growth rates of wages. Savings accounts The value of savings deposits and other checkable deposits in the U.S. amounted to roughly 11 trillion U.S. dollars in early 2025, even after a significant fall in the amount of money placed in those types of instruments. In other words, savings accounts are a type of financial asset that is very widely used among households to save money. Nevertheless, interest rates of savings’ accounts differ a lot from one financial institution to another. Some of the lesser-known online banks had the highest interest rates, while the major banks often offered lower interest rates.

The deposit interest rate in Russia saw no significant changes in 2023 in comparison to the previous year 2022 and remained at around **** percent. In comparison to 2022, the deposit interest rate decreased not significantly by **** percentage points (***** percent). Deposit rate refers to the amount of money paid out in interest by a bank of financial institution on cash deposits.Find more statistics on other topics about Russia with key insights such as number of automated teller machines (ATMs), ratio of bank capital and reserves to total assets, and market capitalization of listed domestic companies as a share of GDP.

Netherlands NL: Deposit Interest Rate data was reported at 2.737 % pa in 2012. This records an increase from the previous number of 2.607 % pa for 2011. Netherlands NL: Deposit Interest Rate data is updated yearly, averaging 2.888 % pa from Dec 1994 (Median) to 2012, with 19 observations. The data reached an all-time high of 4.700 % pa in 1994 and a record low of 2.309 % pa in 2004. Netherlands NL: Deposit Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Netherlands – Table NL.World Bank.WDI: Interest Rates. Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; ;

Madagascar MG: Deposit Interest Rate data was reported at 15.000 % pa in 2017. This stayed constant from the previous number of 15.000 % pa for 2016. Madagascar MG: Deposit Interest Rate data is updated yearly, averaging 12.810 % pa from Dec 2012 (Median) to 2017, with 6 observations. The data reached an all-time high of 15.000 % pa in 2017 and a record low of 10.146 % pa in 2013. Madagascar MG: Deposit Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Madagascar – Table MG.World Bank: Interest Rates. Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; ;

Tonga TO: Deposit Interest Rate data was reported at 3.015 % pa in 2017. This records a decrease from the previous number of 3.135 % pa for 2016. Tonga TO: Deposit Interest Rate data is updated yearly, averaging 3.018 % pa from Dec 2012 (Median) to 2017, with 6 observations. The data reached an all-time high of 3.135 % pa in 2016 and a record low of 2.823 % pa in 2013. Tonga TO: Deposit Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Tonga – Table TO.World Bank.WDI: Interest Rates. Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; ;

Tonga: Bank lending-deposit interest rate spread : The latest value from 2020 is 5.76 interest rate points, a decline from 5.78 interest rate points in 2019. In comparison, the world average is 6.59 interest rate points, based on data from 93 countries. Historically, the average for Tonga from 2012 to 2020 is 5.64 interest rate points. The minimum value, 4.79 interest rate points, was reached in 2016 while the maximum of 6.81 interest rate points was recorded in 2012.

Bank deposit interest rate, percent in Japan, March, 2025 The most recent value is 0.43 percent as of March 2025, an increase compared to the previous value of 0.37 percent. Historically, the average for Japan from January 2012 to March 2025 is 0.13 percent. The minimum of 0.04 percent was recorded in May 2019, while the maximum of 0.43 percent was reached in March 2025. | TheGlobalEconomy.com

Bank deposit interest rate, percent in the United Kingdom, April, 2025 The most recent value is 4.02 percent as of April 2025, an increase compared to the previous value of 3.94 percent. Historically, the average for the United Kingdom from January 2012 to April 2025 is 1.68 percent. The minimum of 0.24 percent was recorded in July 2021, while the maximum of 5.25 percent was reached in October 2023. | TheGlobalEconomy.com

Paraguay: Bank lending-deposit interest rate spread : The latest value from 2017 is 14.14 interest rate points, a decline from 14.32 interest rate points in 2016. In comparison, the world average is 7.14 interest rate points, based on data from 110 countries. Historically, the average for Paraguay from 1994 to 2017 is 22.04 interest rate points. The minimum value, 13.24 interest rate points, was reached in 2012 while the maximum of 41.94 interest rate points was recorded in 2003.

Cape Verde: Bank lending-deposit interest rate spread : The latest value from 2020 is 7.31 interest rate points, a decline from 7.68 interest rate points in 2019. In comparison, the world average is 6.59 interest rate points, based on data from 93 countries. Historically, the average for Cape Verde from 2006 to 2020 is 7.12 interest rate points. The minimum value, 6.11 interest rate points, was reached in 2012 while the maximum of 8.09 interest rate points was recorded in 2009.

Bank deposit interest rate, percent in Serbia, March, 2025 The most recent value is 4.39 percent as of March 2025, a decline compared to the previous value of 4.41 percent. Historically, the average for Serbia from February 2012 to March 2025 is 4.95 percent. The minimum of 1.92 percent was recorded in March 2022, while the maximum of 10.64 percent was reached in November 2012. | TheGlobalEconomy.com

August 2024 marked a significant shift in the UK's monetary policy, as it saw the first reduction in the official bank base interest rate since August 2023. This change came after a period of consistent rate hikes that began in late 2021. In a bid to minimize the economic effects of the COVID-19 pandemic, the Bank of England cut the official bank base rate in March 2020 to a record low of *** percent. This historic low came just one week after the Bank of England cut rates from **** percent to **** percent in a bid to prevent mass job cuts in the United Kingdom. It remained at *** percent until December 2021 and was increased to one percent in May 2022 and to **** percent in October 2022. After that, the bank rate increased almost on a monthly basis, reaching **** percent in August 2023. It wasn't until August 2024 that the first rate decrease since the previous year occurred, signaling a potential shift in monetary policy. Why do central banks adjust interest rates? Central banks, including the Bank of England, adjust interest rates to manage economic stability and control inflation. Their strategies involve a delicate balance between two main approaches. When central banks raise interest rates, their goal is to cool down an overheated economy. Higher rates curb excessive spending and borrowing, which helps to prevent runaway inflation. This approach is typically used when the economy is growing too quickly or when inflation is rising above desired levels. Conversely, when central banks lower interest rates, they aim to encourage borrowing and investment. This strategy is employed to stimulate economic growth during periods of slowdown or recession. Lower rates make it cheaper for businesses and individuals to borrow money, which can lead to increased spending and investment. This dual approach allows central banks to maintain a balance between promoting growth and controlling inflation, ensuring long-term economic stability. Additionally, adjusting interest rates can influence currency values, impacting international trade and investment flows, further underscoring their critical role in a nation's economic health. Recent interest rate trends Between 2021 and 2024, most advanced and emerging economies experienced a period of regular interest rate hikes. This trend was driven by several factors, including persistent supply chain disruptions, high energy prices, and robust demand pressures. These elements combined to create significant inflationary trends, prompting central banks to raise rates in an effort to temper spending and borrowing. However, in 2024, a shift began to occur in global monetary policy. The European Central Bank (ECB) was among the first major central banks to reverse this trend by cutting interest rates. This move signaled a change in approach aimed at addressing growing economic slowdowns and supporting growth.

The benchmark interest rate in Pakistan was last recorded at 11 percent. This dataset provides - Pakistan Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The central bank provides interest rates for banks to carry out various forms of financing operations, such as rediscounting qualified bills, short-term financing, and secured loan refinancing.

Bank deposit interest rate, percent in Singapore, March, 2025 The most recent value is 2.05 percent as of March 2025, a decline compared to the previous value of 2.15 percent. Historically, the average for Singapore from January 2000 to March 2025 is 0.8 percent. The minimum of 0.29 percent was recorded in January 2012, while the maximum of 2.46 percent was reached in January 2000. | TheGlobalEconomy.com

The deposit interest rate in Australia declined to **** percent in 2019. Therefore, the deposit interest rate in Australia saw its lowest number in that year with **** percent. Notably, the deposit interest rate is continuously decreasing over the last years.Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits.Find more statistics on other topics about Australia with key insights such as real interest rate, market capitalization of listed domestic companies as a share of GDP, and market capitalization of listed domestic companies.

Netherlands NL: Interest Rate Spread data was reported at -1.112 % pa in 2012. This records a decrease from the previous number of -0.607 % pa for 2011. Netherlands NL: Interest Rate Spread data is updated yearly, averaging 0.477 % pa from Dec 1999 (Median) to 2012, with 14 observations. The data reached an all-time high of 1.904 % pa in 2000 and a record low of -1.112 % pa in 2012. Netherlands NL: Interest Rate Spread data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Netherlands – Table NL.World Bank.WDI: Interest Rates. Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; Median;

Tonga TO: Interest Rate Spread data was reported at 4.857 % pa in 2017. This records an increase from the previous number of 4.792 % pa for 2016. Tonga TO: Interest Rate Spread data is updated yearly, averaging 5.514 % pa from Dec 2012 (Median) to 2017, with 6 observations. The data reached an all-time high of 6.812 % pa in 2012 and a record low of 4.792 % pa in 2016. Tonga TO: Interest Rate Spread data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Tonga – Table TO.World Bank.WDI: Interest Rates. Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; Median;

In June 2024, the European Central Bank (ECB) began reducing its fixed interest rate for the first time since 2016, implementing a series of cuts. The rate decreased from 4.5 percent to 3.15 percent by year-end: a 0.25 percentage point cut in June, followed by additional reductions in September, October, and December. The central bank implemented other cuts in early 2025, setting the rate at 2.4 percent in April 2025. This marked a significant shift from the previous rate hike cycle, which began in July 2022 when the ECB raised rates to 0.5 percent and subsequently increased them almost monthly, reaching 4.5 percent by December 2023 - the highest level since the 2007-2008 global financial crisis. How does this ensure liquidity? Banks typically hold only a fraction of their capital in cash, measured by metrics like the Tier 1 capital ratio. Since this ratio is low, banks prefer to allocate most of their capital to revenue-generating loans. When their cash reserves fall too low, banks borrow from the ECB to cover short-term liquidity needs. On the other hand, commercial banks can also deposit excess funds with the ECB at a lower interest rate. Reasons for fluctuations
The ECB’s primary mandate is to maintain price stability. The Euro area inflation rate is, in theory, the key indicator guiding the ECB's actions. When the fixed interest rate is lower, commercial banks are more likely to borrow from the ECB, increasing the money supply and, in turn, driving inflation higher. When inflation rises, the ECB increases the fixed interest rate, which slows borrowing and helps to reduce inflation.

Madagascar MG: Interest Rate Spread data was reported at 45.000 % pa in 2017. This stayed constant from the previous number of 45.000 % pa for 2016. Madagascar MG: Interest Rate Spread data is updated yearly, averaging 45.362 % pa from Dec 2012 (Median) to 2017, with 6 observations. The data reached an all-time high of 49.046 % pa in 2014 and a record low of 42.050 % pa in 2015. Madagascar MG: Interest Rate Spread data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Madagascar – Table MG.World Bank.WDI: Interest Rates. Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; Median;