Deposit Interest Rate in Canada remained unchanged at 4.91 percent on Wednesday April 10. This dataset includes a chart with historical data for Deposit Interest Rate in Canada.

The average interest rate of instant access deposits in the United Kingdom (UK) has started declining since the second half of 2024. That was after the interest rates of those products soared in 2022 and 2023, peaking at **** percent in January 2024. In contrast, the interest rate of instant access deposits amounted to **** percent in April 2021.

Graph and download economic data for Interest Rates: 3-Month or 90-Day Rates and Yields: Certificates of Deposit: Total for United States (IR3TCD01USQ156N) from Q3 1964 to Q4 2023 about CD, 3-month, yield, interest rate, interest, rate, and USA.

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.

Deposit Interest Rate in Russia increased to 19.39 percent in May from 19.32 percent in April of 2025. This dataset includes a chart with historical data for Deposit Interest Rate in Russia.

Deposit Interest Rate in Mexico decreased to 2.81 percent in May from 2.85 percent in April of 2025. This dataset includes a chart with historical data for Deposit Interest Rate in Mexico.

The U.S. federal funds rate peaked in 2023 at its highest level since the 2007-08 financial crisis, reaching 5.33 percent by December 2023. A significant shift in monetary policy occurred in the second half of 2024, with the Federal Reserve implementing regular rate cuts. By December 2024, the rate had declined to 4.48 percent. What is a central bank rate? The federal funds rate determines the cost of overnight borrowing between banks, allowing them to maintain necessary cash reserves and ensure financial system liquidity. When this rate rises, banks become more inclined to hold rather than lend money, reducing the money supply. While this decreased lending slows economic activity, it helps control inflation by limiting the circulation of money in the economy. Historic perspective The federal funds rate historically follows cyclical patterns, falling during recessions and gradually rising during economic recoveries. Some central banks, notably the European Central Bank, went beyond traditional monetary policy by implementing both aggressive asset purchases and negative interest rates.

Canada CA: Deposit Interest Rate data was reported at 0.100 % pa in 2017. This stayed constant from the previous number of 0.100 % pa for 2016. Canada CA: Deposit Interest Rate data is updated yearly, averaging 3.917 % pa from Dec 1971 (Median) to 2017, with 47 observations. The data reached an all-time high of 15.958 % pa in 1981 and a record low of 0.075 % pa in 2015. Canada CA: Deposit Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Canada – Table CA.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.;;

Graph and download economic data for National Rate: Interest Checking (ICNDR) from Apr 2021 to Jun 2025 about checkable, deposits, interest, rate, and USA.

Real interest rates describe the growth in the real value of the interest on a loan or deposit, adjusted for inflation. Nominal interest rates on the other hand show us the raw interest rate, which is unadjusted for inflation. If the inflation rate in a certain country were zero percent, the real and nominal interest rates would be the same number. As inflation reduces the real value of a loan, however, a positive inflation rate will mean that the nominal interest rate is more likely to be greater than the real interest rate. We can see this in the recent inflationary episode which has taken place in the wake of the Coronavirus pandemic, with nominal interest rates rising over the course of 2022, but still lagging far behind the rate of inflation, meaning these rate rises register as smaller increases in the real interest rate.

Bank deposit interest rate, percent in Costa Rica, March, 2025 The most recent value is 5.86 percent as of March 2025, a decline compared to the previous value of 6.13 percent. Historically, the average for Costa Rica from January 2015 to March 2025 is 7.2 percent. The minimum of 4.24 percent was recorded in October 2021, while the maximum of 11.08 percent was reached in January 2023. | TheGlobalEconomy.com

Egypt EG: Deposit Interest Rate data was reported at 12.092 % pa in 2017. This records an increase from the previous number of 7.858 % pa for 2016. Egypt EG: Deposit Interest Rate data is updated yearly, averaging 9.348 % pa from Dec 1976 (Median) to 2017, with 42 observations. The data reached an all-time high of 12.092 % pa in 2017 and a record low of 3.000 % pa in 1976. Egypt EG: Deposit Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Egypt – Table EG.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.; ;

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.

In December 2024, the personal saving rate in the United States amounted to 3.8 percent. That was slightly lower figure than a year earlier. The personal saving rate is calculated as the ratio of personal savings to disposable personal income. Within the topic of personal savings in the U.S., there are different goals and reasons for saving. What are personal savings? Saving refers to strategies of accumulating capital for future use by either not spending a part of one’s income or cutting down on certain costs. Saved money may be preserved as cash, put on a deposit account, or invested in various financial instruments. Investing usually incorporates some level of risk which means that part of the invested money can be gone. An example of a relatively safe investment would be saving bonds, such as the debt securities issued by the U.S. Department of the Treasury. Saving trends in the U.S. and abroad Looking at the personal saving rate in the United States throughout the past decades, it can be observed that savings had been decreasing until the mid-2000s, and they increased after the 2008 financial crisis. Still, the largest savings rates were reached in 2020 and 2021. The reason for that increase in the savings rate that year might be related to the measures to contain the COVID-19 pandemic. The value of personal savings in the United Kingdom has also followed a similar trend. Although events like the COVID-19 pandemic may have affect many countries in a similar way, the ability to save, as well as the average savings as a share of personal income across countries can vary significantly depending on multiple factors affecting each territory.

Bank deposit interest rate, percent in Ireland, March, 2025 The most recent value is 2.62 percent as of March 2025, no change compared to the previous value of 2.62 percent. Historically, the average for Ireland from July 2017 to March 2025 is 0.58 percent. The minimum of 0.02 percent was recorded in October 2019, while the maximum of 2.62 percent was reached in November 2024. | TheGlobalEconomy.com

The benchmark interest rate in the United States was last recorded at 4.50 percent. This dataset provides the latest reported value for - United States Fed Funds Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Deposit Interest Rate in Australia decreased to 2.75 percent in June from 2.80 percent in May of 2025. This dataset includes a chart with historical data for Deposit Interest Rate in Australia.

Graph and download economic data for Treasury Yield: 12 Month CD <100M (TY12MCD) from Apr 2021 to Jun 2025 about CD, 1-year, Treasury, yield, interest rate, interest, rate, and USA.

The five major banks from January 90 to October 97 were First Bank, Chang Hwa Bank, Hua Nan Bank, Taiwan Cooperative Bank, and Land Bank. After November 97, they were adjusted to Taiwan Bank, Land Bank, Taiwan Cooperative Bank, First Bank, and Hua Nan Bank.

Graph and download economic data for National Rate: 12 Month CD <100M (NDR12MCD) from Apr 2021 to Jun 2025 about CD, 1-year, deposits, rate, and USA.