This statistic displays the awareness of easy access savings account holders regarding the interest rates paid on their accounts in the United Kingdom (UK) as of 2014, broken down by account balance. The lack of awareness was the highest among the account holders with accounts in the lowest account balance bands. A total of 59 percent of people with less than 500 British pounds on their account did not know what interest rate was paid on these accounts. Among those with more than 20 thousand GBP on their accounts, nearly one fourth displayed lack of knowledge regarding the interest rate.

The statistic depicts the average interest rate on checking account in the United States from 1998 to 2014. It was found that the average interest rate on checking accounts in the United States accounted to 0.05 percent in 2013.

The benchmark interest rate in Hong Kong was last recorded at 4.75 percent. This dataset provides the latest reported value for - Hong Kong Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Thailand Saving Deposits Rate: Maximum data was reported at 0.630 % pa in Oct 2018. This stayed constant from the previous number of 0.630 % pa for Sep 2018. Thailand Saving Deposits Rate: Maximum data is updated monthly, averaging 4.500 % pa from Jan 1978 (Median) to Oct 2018, with 490 observations. The data reached an all-time high of 12.000 % pa in Jul 1991 and a record low of 0.500 % pa in Aug 2014. Thailand Saving Deposits Rate: Maximum data remains active status in CEIC and is reported by Bank of Thailand. The data is categorized under Global Database’s Thailand – Table TH.M001: Interest Rates: Commerical Banks.

Serbia RS: Deposit Interest Rate data was reported at 14.913 % pa in 2014. This records a decrease from the previous number of 18.323 % pa for 2013. Serbia RS: Deposit Interest Rate data is updated yearly, averaging 16.127 % pa from Dec 2002 (Median) to 2014, with 13 observations. The data reached an all-time high of 24.284 % pa in 2002 and a record low of 12.620 % pa in 2007. Serbia RS: Deposit Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Serbia – Table RS.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.; ;

In 2023, personal savings amounted to 4.51 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. That year and in 2021, there were measures implemented to contain the spread of the COVID-19 virus which limited the ability of people to go out and spend their money, which resulted in people saving more than usual.

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 late 2023, 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.

This statistic displays the awareness of savings account holders regarding the interest rates paid on their accounts in the United Kingdom (UK) as of June 2014, broken down by account type. Across all account types, the lack of awareness was the highest among the holders of children's accounts. A total of 65 percent of the people who opened such account did not know and/or could not estimate what interest rate was at the time.

The benchmark interest rate in India was last recorded at 6.25 percent. This dataset provides - India Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Germany Long Term Interest Rate

• Germany Long Term Interest Rate: Month Avg: Germany: ECB Harmonised was reported at 2.18 % pa in Dec 2024, compared with 2.31 % pa in the previous month.
• Germany Long Term Interest Rate data is updated monthly, available from Jan 1990 to Dec 2024.
• The data reached an all-time high of 9.09 % pa in Oct 1990 and a record low of -0.65 % pa in Aug 2019.
• Long Term Interest Rate is reported by reported by CEIC Data.

• In the latest reports, Germany Short Term Interest Rate: Month End: EURIBOR: 3 Months was reported at -0.57 % pa in Nov 2021.
• The cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 3.15 % pa in Dec 2024.
• Germany Exchange Rate against USD averaged 0.92 (USD/EUR) in Jun 2023.

The benchmark interest rate in Germany was last recorded at 4.50 percent. This dataset provides - Germany Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Pakistan was last recorded at 12 percent. This dataset provides - Pakistan Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Australia was last recorded at 4.10 percent. This dataset provides - Australia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Abstract

Even though individuals throughout Africa employ numerous informal savings mechanisms, only a quarter of individuals in Sub-Saharan Africa have bank accounts, and these savers only keep a small proportion of their savings in these accounts. Yet banks could provide more secure and private storage of funds, and offer positive interest rates. The World Bank and North Volta Rural Bank jointly designed this study with the objective of testing the impact of new banking products and services designed to attract more (and lower income) customers, and to attract a higher percentage of individuals’ savings. The new services tested as part of this study included a savings deposit collection service in which collectors visit customers regularly at home or work to collect savings deposits, and a separate service in which customers were given lockboxes. These were tested alone, and in combination. This study was designed to ensure the operational viability of the deposit collection and lockbox services for NVRB, and to make a preliminary assessment of the impacts of these services on customers and NVRB before further scaling-up these services within NVRB.

192 individuals completed the baseline survey, and 174 of these individuals completed the endline survey. The study sample is comprised of both banked and unbanked individuals, and is half male and half female.

Geographic coverage

The study sample is comprised of individuals who at the time of the baseline survey lived or worked within one kilometer of North Volta Rural Bank's Nkwanta branch, which is located in the small town of Nkwanta. Nkwanta is the capital of Nkwanta South District, and is located in the Volta Region of Ghana.

Analysis unit

Individuals

Kind of data

Sample survey data [ssd]

Sampling procedure

A total of 192 individuals were enrolled in this study. So that the study might be able to observe whether the services had different impacts based on the type of customer that was participating, different types of individuals were recruited to participate in the study, as follows: · Individuals who already had an individual savings account with NVRB: 96. · Individuals who did not have a bank account with NVRB, but who did have a bank account with another bank: 48 · Individuals who did not have a bank account at any bank: 48

Within each of the three groups, half were female, and half were male.

All study participants also met the following eligibility criteria: · Live or work within a one kilometer radius of the NVRB Nkwanta branch. · Earning an income and self-employed in non-agricultural activities. (Excluded occupations included salaried and wage workers, pensioners, students, apprentices, seasonal income earners such as all kinds of farming, pastors, traditional rulers, natural resource extraction such as fishermen and hunters, road construction, afforestation, waste management, and laborers.) · I nterested in receiving the services being offered, and willing to pay the collection service fee.

As part of the study, study participants were randomly assigned to the following six treatment arms: · A1: No deposit collection & No lockbox (32 individuals) - pure control group · A2: No deposit collection & Lockbox (32 individuals) · B1: Daily deposit collection & No lockbox (32 individuals) · B2: Daily deposit collection & Lockbox (32 individuals) · C1: Weekly deposit collection & No lockbox (32 individuals) · C2: Weekly deposit collection & Lockbox (32 individuals) The randomization was stratified by type of customer, so that the different types of customer would be evenly spread across the following six arms.

Mode of data collection

Face-to-face [f2f]

Research instrument

Baseline Survey Modules

1 - Eligibility assessment 2 - Enrollment form 3- Baseline survey

Endline Survey Modules

A - Survey information B - Savings C - Debt D - Expenditures E - Income F - Demographics; intra-household decision-making; financial shocks; housing quality G - Household roster H - Views on the lockboxes and deposit collection services

Tajikistan TJ: Interest Rate Spread data was reported at 21.610 % pa in 2015. This records an increase from the previous number of 19.042 % pa for 2014. Tajikistan TJ: Interest Rate Spread data is updated yearly, averaging 13.277 % pa from Dec 1998 (Median) to 2015, with 18 observations. The data reached an all-time high of 21.610 % pa in 2015 and a record low of -48.154 % pa in 1998. Tajikistan TJ: Interest Rate Spread data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Tajikistan – Table TJ.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;

Dominican Republic DO: Interest Rate Spread data was reported at 7.903 % pa in 2016. This records a decrease from the previous number of 8.316 % pa for 2015. Dominican Republic DO: Interest Rate Spread data is updated yearly, averaging 8.865 % pa from Dec 1996 (Median) to 2016, with 21 observations. The data reached an all-time high of 11.517 % pa in 2004 and a record low of 7.176 % pa in 2014. Dominican Republic DO: Interest Rate Spread data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Dominican Republic – Table DO.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;

Indonesia Third Party Funds: Weighted Average Rupiah Interest Rate: Saving Accounts data was reported at 0.667 % in Nov 2024. This records an increase from the previous number of 0.664 % for Oct 2024. Indonesia Third Party Funds: Weighted Average Rupiah Interest Rate: Saving Accounts data is updated monthly, averaging 1.286 % from Jan 2014 (Median) to Nov 2024, with 131 observations. The data reached an all-time high of 2.031 % in Feb 2015 and a record low of 0.623 % in Jun 2022. Indonesia Third Party Funds: Weighted Average Rupiah Interest Rate: Saving Accounts data remains active status in CEIC and is reported by Bank Indonesia. The data is categorized under Indonesia Premium Database’s Monetary – Table ID.KAI012: Financial System Statistics: Banking Sector.

Croatia HR: Deposit Interest Rate data was reported at 1.353 % pa in 2014. This records a decrease from the previous number of 1.521 % pa for 2013. Croatia HR: Deposit Interest Rate data is updated yearly, averaging 2.820 % pa from Dec 1992 (Median) to 2014, with 23 observations. The data reached an all-time high of 434.467 % pa in 1992 and a record low of 1.353 % pa in 2014. Croatia HR: Deposit Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Croatia – Table HR.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.;;

This statistic presents the leading college savings account types according to parents in the United States as of January 2014. The regular savings accounts proved to be the best college saving option for 44 percent of the respondents in 2014.

Philippines PH: Deposit Interest Rate data was reported at 1.879 % pa in 2017. This records an increase from the previous number of 1.596 % pa for 2016. Philippines PH: Deposit Interest Rate data is updated yearly, averaging 8.446 % pa from Dec 1976 (Median) to 2017, with 40 observations. The data reached an all-time high of 21.172 % pa in 1984 and a record low of 1.229 % pa in 2014. Philippines PH: Deposit Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Philippines – Table PH.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.; ;

In 2023, the interest rate of savings deposit of commercial banks in Malaysia was at 0.91 percent per annum, a slight increase from 0.68 percent in the previous year. The savings deposit rate has been decreasing in the past four years, from 1.01 percent per annum in 2019.