In 2024, traditional banks experienced a decline in net interest income of **** percent, marking a significant decrease from the previous year. Digital banks performed better with a growth rate of **** percent in interest income, though this also represented a decline from their prior year's performance. Statista Market Insights projects that both traditional and digital banks will show similar patterns in their interest income trajectories in the coming years, with digital banks maintaining a higher growth rate.

Graph and download economic data for Commercial Bank Interest Rate on Credit Card Plans, Accounts Assessed Interest from Nov 1994 to May 2025 about credit cards, consumer credit, loans, consumer, banks, interest rate, depository institutions, interest, rate, and USA.

High-Yield Savings Market Outlook

According to our latest research, the global high-yield savings market size reached USD 1.23 trillion in 2024, demonstrating robust expansion driven by the surge in digital banking adoption and growing consumer preference for higher returns on savings. The market is projected to achieve a value of USD 2.75 trillion by 2033, expanding at a remarkable CAGR of 9.2% during the forecast period. This growth is primarily fueled by the increasing penetration of online financial services, the evolution of fintech platforms, and heightened awareness among consumers regarding the benefits of high-yield savings accounts.

One of the primary growth factors for the high-yield savings market is the ongoing digital transformation within the financial sector. Traditional banks, credit unions, and fintech startups are all investing heavily in digital infrastructure to provide seamless, user-friendly, and secure access to high-yield savings products. The proliferation of smartphones and improved internet connectivity has enabled consumers to compare interest rates, account features, and digital experiences, driving competition and innovation. Moreover, the COVID-19 pandemic accelerated the shift toward online banking, with many consumers opening high-yield savings accounts remotely, further boosting market growth. The growing trust in digital platforms and the convenience of managing finances online are expected to continue propelling the market forward.

Another significant driver is the rising demand for higher returns amid low-interest-rate environments in traditional savings products. As central banks across the globe periodically adjust policy rates, consumers are increasingly seeking alternatives that offer better yields without compromising liquidity or safety. High-yield savings accounts, typically offering interest rates several times higher than conventional savings options, have become an attractive choice for both individuals and businesses. Financial institutions are responding by introducing innovative savings solutions, such as tiered interest rates, loyalty bonuses, and seamless integration with investment products. This trend is particularly pronounced among younger, tech-savvy consumers who prioritize both returns and digital convenience, further expanding the market’s potential customer base.

The competitive landscape of the high-yield savings market is also being shaped by the rapid emergence of fintech platforms and neobanks. These digital-first entities often operate with lower overhead costs than traditional banks, allowing them to offer higher interest rates and enhanced digital experiences. Fintechs are leveraging advanced analytics, artificial intelligence, and personalized marketing to attract new customers and retain existing ones. The entry of technology giants into the financial services space is expected to intensify competition, compelling all market participants to innovate continuously. Additionally, regulatory support for open banking and increased interoperability among financial institutions are fostering a more dynamic and inclusive market environment, further accelerating growth.

Regionally, North America currently dominates the high-yield savings market, accounting for over 38% of the global market share in 2024. This leadership is attributed to the strong presence of digital banks, widespread financial literacy, and proactive regulatory frameworks. Europe follows closely, with significant contributions from the UK, Germany, and the Nordic countries, where open banking initiatives and consumer protection regulations have spurred innovation. The Asia Pacific region is witnessing the fastest growth, driven by rapid urbanization, the proliferation of mobile banking, and a burgeoning middle class seeking better savings solutions. Latin America and the Middle East & Africa are also experiencing steady growth, albeit from a lower base, as financial inclusion initiatives and digital transformation gain traction.

Account Type Analysis

The account type segment of the high-yield savings market is primarily categorized into individual, joint, and business accounts. Individual accounts remain the most popular, accounting for a significant portion of the total market due to their accessibility and tailored features for personal finance management. The popularity of individual high-yield savings accounts is driven by the increasing awareness o

This dataset provides an overview of the commercial banks' interest rates', expressed in millions of Trinidad and Tobago dollars (TT$).

As of March 2025, the average interest rate on a demand deposit of commercial banks in Indonesia amounted to **** percent. On the other hand, the average interest rate on demand deposits for state owned banks are slightly higher at around **** percent.

This dataset contains year, quarter and interest rate range wise number of accounts, credit limit and outstanding amount of scheduled commercial banks

Note: 1. From the year 2020–21(Q4) onward, the interest rates classifications have been updated 2. Data excludes Regional Rural Banks

The data shows number of accounts, and outstanding amount of scheduled commercial banks according to interest rate and occupation

Note: 1. From the year 2020–21(Q4) onward, the interest rates classifications have been updated 2. Data excludes Regional Rural Banks

Current Deposit & Loan Rates - These rates are compiled from information reported by the commercial banks to the Economic Information and Publications Department. The rates of interest being offered on time deposits relate to amounts J$100,000 and over. The savings rate represents an average range of rates offered on all categories of savings deposits. The average lending rate is a simple average of the range of interest rates offered on demand loans only.

Domestic Interest Rates (Commercial Banks Weighted Deposit Rates) - Compiled from monthly reports submitted by the commercial banks. These rates are based on actual volumes of all local currency deposits and loans extended at non zero rates of interest.

Domestic Interest Rates (Commercial Banks Weighted Time Deposit Rates) - Compiled from monthly reports submitted by the commercial banks. These rates are based on actual volumes of all local currency deposits and loans extended at non zero rates of interest.

Domestic Interest Rates (Commercial Banks Weighted Loan Rates) - Compiled from monthly reports submitted by the commercial banks. These rates are based on actual volumes of all local currency deposits and loans extended at non zero rates of interest.

Foreign Currency Interest Rates (Commercial Banks Weighted Time Deposit Rates) - Compiled from monthly reports submitted by the commercial banks. These rates are based on actual volumes of all foreign currency deposits and loans extended at non zero rates of interest.

Foreign Currency Interest Rates (Commercial Banks Weighted Loan Rates) - Compiled from monthly reports submitted by the commercial banks. These rates are based on actual volumes of all foreign currency deposits and loans extended at non zero rates of interest.

Comparative Bank Rates & Treasury Bill Rates - The average discount rate on three-month Treasury Bills or six month Treasury Bills in the case of Jamaica. The average discount rates for respective countries are sourced from the International Financial Statistics, an International Monetary Fund publication.

Private Money Markets Interest Rates

BOJ Interest Rates On Lending Facilities For DTI's - These interest rates fall under the Enhanced Liquidity Management Framework (ELMF), which was implemented by the Bank in 2013, for DTI.

Source: http://boj.org.jm/statistics/econdata/stats_list.php?type=5

Graph and download economic data for Finance Rate on Personal Loans at Commercial Banks, 24 Month Loan from Feb 1972 to May 2025 about financing, consumer credit, loans, personal, consumer, banks, depository institutions, interest rate, interest, rate, and USA.

Internet Only Bank Market Outlook

The global internet-only bank market size was valued at approximately $30 billion in 2023 and is projected to reach $120 billion by 2032, growing at a compound annual growth rate (CAGR) of 16.5%. The primary growth factor for this market is the increasing demand for digital banking solutions driven by technological advancements and the growing preference for convenience among consumers.

The growth of the internet-only bank market is significantly driven by the rapid adoption of smartphones and internet connectivity across the globe. As more people gain access to high-speed internet and affordable smartphones, the ability to perform banking transactions online has become more accessible. This shift in consumer behavior towards digital platforms is reshaping the traditional banking landscape, leading to a surge in the number of internet-only banks or neobanks. Moreover, the COVID-19 pandemic has accelerated the adoption of online banking services, as consumers and businesses alike sought contactless ways to manage their finances.

Another significant growth factor is the cost-efficiency and operational advantages that internet-only banks offer compared to traditional brick-and-mortar banks. By eliminating the need for physical branches, internet-only banks can significantly reduce overhead costs, allowing them to offer more competitive interest rates and lower fees. This cost advantage is particularly appealing to younger, tech-savvy consumers who are more likely to switch to digital banking solutions for better financial returns and fewer hassles.

Regulatory support and advancements in financial technology (fintech) are also playing a crucial role in the growth of the internet-only bank market. Governments and regulatory bodies across various regions are increasingly recognizing the benefits of digital banking and are introducing favorable regulations to promote its adoption. Additionally, innovations in fintech such as blockchain, artificial intelligence (AI), and machine learning are enhancing the security, efficiency, and user experience of internet-only banking platforms, thereby attracting more customers.

In the evolving landscape of digital finance, Payment Bank Solutions are becoming increasingly pivotal. These solutions are designed to facilitate seamless transactions and enhance the efficiency of digital banking services. By integrating advanced technologies such as AI and blockchain, payment banks are able to offer secure and swift transaction processing, which is crucial for both retail and corporate clients. The rise of internet-only banks has further accelerated the demand for robust payment solutions that can support a wide range of financial activities, from simple transfers to complex international transactions. As consumers and businesses continue to embrace digital banking, the role of payment bank solutions in ensuring smooth and reliable financial operations cannot be overstated.

Regionally, North America and Europe are the leading markets for internet-only banks, driven by high levels of digital literacy, advanced financial infrastructure, and supportive regulatory environments. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period, due to the rapidly growing middle class, increasing smartphone penetration, and government initiatives to promote digital financial inclusion. Emerging economies in Latin America and the Middle East & Africa are also showing promising growth potential as they continue to embrace digital transformation in the financial sector.

Service Type Analysis

When analyzing the internet-only bank market by service type, it is essential to explore the various services offered such as savings accounts, checking accounts, loans, credit cards, and others. Savings accounts represent a fundamental service provided by internet-only banks, offering customers the convenience of managing their funds online while earning interest. The low operational costs associated with maintaining digital-only savings accounts enable these banks to offer more attractive interest rates compared to traditional banks, making them a popular choice among consumers looking to maximize their savings.

Checking accounts are another critical service offered by internet-only banks, designed to facilitate everyday banking transactions such as bill payments, money transfers, and direct deposits. The ease of access a

Commercial Banks generate most of their revenue through loans to customers and businesses. Loans are set at interest rates that are influenced by different factors, including the federal funds rate (FFR), the prime rate, debtors' creditworthiness and overall macroeconomic performance. The Commercial Banking industry’s performance was mixed during the current period, which included both the postpandemic recovery and a strong economy amid high interest rates. At the onset of the period, volatile economic conditions created domestic and global dollar funding pressures, creating havoc in the Treasuries market and causing the Fed to act as a dealer of last resort by flooding the international and domestic dollar funding markets with liquidity. The Fed set interest rates to near zero in March 2020 to stimulate the economy; despite this, weak economic performance in 2020 limited demand for bank lending and investment, causing industry revenue to decline. In 2022, the Fed began increasing interest rates to curb historically high inflation. Commercial Banks benefited from the higher rates, which resulted in greater interest income for the industry and contributed to double-digit revenue growth in 2022 and 2023. However, as inflation receded, the Fed cut interest rates in 2024 and is anticipated to cut rates further in 2025 to provide a boost to the economy. Overall, industry revenue has been growing at a CAGR of 7.2% to $1,418.0 billion over the past five years, including an expected decrease of 3.7% in 2025 alone. During the outlook period, industry revenue is forecast to shrink at a CAGR of 1.3% to $1,328.5 billion through the end of 2030. Further interest rate cuts would lower interest income for the industry, hampering profit. In a lower interest rate environment, commercial banks would likely encounter rising loan demand but experience reduced investment income from fixed-income securities. In addition, the acquisition of financial technology start-ups to compete will increase as the industry continues to evolve.

We show that the creation of private safe assets by shadow banks can decrease traditional banks' supply of safe assets. The 2014–2016 money fund reform created a large demand shock for safe assets, to which Federal Home Loan Banks (FHLBs) responded, expanding their balance sheets and increasing their issuance of short-term debt. To reduce the resulting interest rate risk, FHLBs shortened the repricing of their loans to banks. Focusing on small banks for which the reform was exogenous, we use a novel instrumental variable strategy to show that shadow banks create safe assets at the expense of banks' deposits.

The dataset shows structure of interest rates

Note: 1. For the year 1995-96, interest rate on deposits of maturity above 3 years, and from 1996-97 onwards, interest rates on deposit for all the maturities refer to the deposit rates of 5 major public sector banks as at end-March. 2. From 1994-95 onwards, data on minimum general key lending rates prescribed by RBI refers to the prime lending rates of 5 major public sector banks. 3. For 2011-12, data on deposit rates and Base rates of 5 major public sector banks refer to the period up to July 31, 2010. From July 1, 2010 BPLR System is replaced by Base Rate System. Accordingly the data reflects the Base Rate of five major public sector banks. Data for 2010-11 for Call/Notice Money rates are average of April-July 2010. 4. Data for dividend rate and yield rate for units of UTI are based on data received from Unit Trust of India. 5. Data on annual(gross) redemption yield of Government of India securities are based on redemption yield which is computed from 2000-01 as the mean of the daily weighted average yield of the transactions in each traded security. The weight is calculated as the share of the transaction in a given security in the aggregated value. 6. Data on prime lending rates for IDBI, IFCI and ICICI for the year 1999-00 relates to long-term prime lending rates in January 2000. 7. Data on prime lending rates for State Financial Corporation for all the years and for other term lending institutions from 2002-03 onwards relate to long-term (over 36-month) PLR. 8. Data on prime lending rate of IIBI/ IRBI from 2003-04 onwards relate to single PLR effective July 31, 2003. 9. IDBI ceased to be term lending institution on its conversion into a banking entity effective October 11, 2004. 10. ICICI ceased to be a term-lending institution after its merger with ICICI Bank. 11. Figures in brackets indicate lending rate charged to small-scale industries. 12. IFCI has become a non-bank financial company. 13. IIBI is in the process of voluntary winding up. 14. Figures for 2015-16 are as on July 14, 2015. 15. 2024-25 data : As on September 1, 2024; except for WALRs, WADTDR and 1-year median MCLR (July 2023). 16. * : Data on deposit and lending rates relate to five major Public Sector Banks up to 2003-04. While for the subsequent years, they relate to five major banks. 17. # : Savings deposit rate from 2011-12 onwards relates to balance up to 1 lakh. Savings deposit rate was deregulated with effect from October 25, 2011. 18. $ : Data on Weighted Average Lending Rates (WALRs), weighted Average Domestic Term Deposit Rate (WADTDR) and 1-year median marginal cost of funds-based lending rate (MCLR) pertain to all scheduled commercial banks (excluding RRBs and SFBs). 19. Data on lending rates in column (7) relate to Benchmark Prime Lending Rate (BPLR) for the period 2004-05 to 2009-10; Base Rate for 2010-11 to 2015-16 and Marginal Cost of Funds Based Lending Rate (MCLR) (overnight) for 2016-17 onwards. BPLR system was replaced by the Base Rate System from July 1, 2010, which, in turn, was replaced by the MCLR System effective April 1, 2016.

The industry closely follows global economic performance since demand for loans is heavily influenced by business and consumer confidence as well as the level of activity that requires financing. The strong global economic performance fueled by the United States and emerging markets, such as China and South East Asia, are expected to improve from increased aggregate private investment, which has supported loan origination. Although Global Commercial Banks revenue has lagged at a CAGR of 0.1% to $2.9 trillion over the past five years, including an estimated drop of 0.2% in 2024 alone. Strong performance in the United States and China for most of the last five years has bolstered economic activity. Low interest rates at the onset of the period have fomented loan origination, primarily from businesses taking advantage of the opportunity and individuals taking out residential mortgages. This low interest rate environment has hurt industry profit, which has supported efforts to consolidate operations. The interest rate environment has reversed due to rising inflation. This is anticipated to increase industry profit towards the end of the period. Industry revenue is expected to grow as the global economy continues to recover from the volatile economic environment at the onset of the period and tighten its monetary policy. In addition, interest rates are expected to be cut further at the onset of the outlook period has inflation continues to ease. Strong economic performance in emerging markets is anticipated to foment growth of commercial banking activity in various countries and aid faster revenue growth over the next five years. But geopolitical tensions are expected to ramp up and pose an important threat to growth. Global commercial banks revenue is expected to climb at a CAGR of 3.0% to $3.3 trillion over the five years to 2029.

The FR 2835 collects interest rates on loans for new vehicles and loans for other consumer goods and personal expenses from a sample of commercial banks and the FR 2835a collects interest rates, finance charges, and loan balances for credit card accounts from a sample of commercial banks. The data from these reports help the Board analyze current household financial conditions and the implications of these conditions for household spending and, as such, these data provide valuable input to the monetary policymaking process. The data are also used to create aggregate statistics on consumer loan terms that are published in the Federal Reserve's monthly statistical releases G.19 Consumer Credit and G.20 Finance Companies, and in the Federal Reserve Bulletin. Some of the aggregates are used by the Board in the calculation of the aggregate household debt service and financial obligations ratios for the Federal Reserve's quarterly Financial Obligations statistical release and by the Bureau of Economic Analysis to calculate interest paid by households as part of the National Income and Product Accounts.

Graph and download economic data for Weighted-Average Effective Loan Rate for All Commercial and Industry Loans, All Commercial Banks (DISCONTINUED) (EEANQ) from Q2 1997 to Q2 2017 about weighted-average, average, commercial, loans, banks, depository institutions, industry, rate, and USA.

The enduring discourse regarding the effectiveness of interest rate policy in mitigating inflation within developing economies is characterized by the interplay of structural and supply-side determinants. Moreover, extant academic literature fails to resolve the direction of causality between inflation and interest rates. Nevertheless, the prevalent adoption of interest rate-based monetary policies in numerous developing economies raises a fundamental inquiry: What motivates central banks in these nations to consistently espouse this strategy? To address this inquiry, our study leverages wavelet transformation to dissect interest rate and inflation data across a spectrum of frequency scales. This innovative methodology paves the way for a meticulous exploration of the intricate causal interplay between these pivotal macroeconomic variables for twenty-two developing economies using monthly data from 1992 to 2022. Traditional literature on causality tends to focus on short- and long-run timescales, yet our study posits that numerous uncharted time and frequency scales exist between these extremes. These intermediate scales may wield substantial influence over the causal relationship and its direction. Our research thus extends the boundaries of existing causality literature and presents fresh insights into the complexities of monetary policy in developing economies. Traditional wisdom suggests that central banks should raise interest rates to combat inflation. However, our study uncovers a contrasting reality in developing economies. It demonstrates a positive causal link between the policy rate and inflation, where an increase in the central bank’s interest rates leads to an upsurge in price levels. Paradoxically, in response to escalating prices, the central bank continues to heighten the policy rate, thereby perpetuating this cyclical pattern. Given this observed positive causal relationship in developing economies, central banks must explore structural and supply-side factors to break this cycle and regain control over inflation.

Bulgaria Commercial Banks: IS: Interest Expenses: Hedge Accounting & Interest Rate Risk data was reported at 3,617.000 BGN th in Mar 2025. This records an increase from the previous number of 2,336.000 BGN th for Feb 2025. Bulgaria Commercial Banks: IS: Interest Expenses: Hedge Accounting & Interest Rate Risk data is updated monthly, averaging 12,145.000 BGN th from Jan 2015 (Median) to Mar 2025, with 123 observations. The data reached an all-time high of 33,752.000 BGN th in Dec 2021 and a record low of 849.000 BGN th in Jan 2024. Bulgaria Commercial Banks: IS: Interest Expenses: Hedge Accounting & Interest Rate Risk data remains active status in CEIC and is reported by Bulgarian National Bank. The data is categorized under Global Database’s Bulgaria – Table BG.KB025: Commercial Banks: Income Statement: Basel III.

Venezuela Weighted Average Nominal Interest Rate: 6 Main Commercial & Universal Banks: Time Deposit: 90 Day data was reported at 14.990 % pa in Oct 2018. This records an increase from the previous number of 14.860 % pa for Sep 2018. Venezuela Weighted Average Nominal Interest Rate: 6 Main Commercial & Universal Banks: Time Deposit: 90 Day data is updated monthly, averaging 14.890 % pa from Jan 1990 (Median) to Oct 2018, with 346 observations. The data reached an all-time high of 69.150 % pa in Dec 1993 and a record low of 10.040 % pa in Dec 2006. Venezuela Weighted Average Nominal Interest Rate: 6 Main Commercial & Universal Banks: Time Deposit: 90 Day data remains active status in CEIC and is reported by Central Bank of Venezuela. The data is categorized under Global Database’s Venezuela – Table VE.M002: Weighted Average Nominal Interest Rate.

The Challenger Banks In Middle East & Africa Market was valued at USD 88.6 Billion in 2024 and is projected to reach USD 200.53 Billion by 2032, growing at a CAGR of 10.75% from 2026-2032.

Challenger Banks In Middle East & Africa Market: Definition/ Overview

Challenger banks are modern financial institutions that mostly operate online and seek to challenge traditional banking by providing innovative, customer-centric services. They emerged as a response to the 2008 financial crisis, focused on using technology to deliver a smooth banking experience with lower expenses, better interest rates, and greater accessibility than traditional banks. Challenger banks offer services such as digital savings and checking accounts, loans, and payment solutions, often through mobile apps for convenience.