Nigeria - Deposit interest rate

Deposit interest rate (%)

The value for Deposit interest rate (%) in Nigeria was 4.21 as of 2021. As the graph below shows, over the past 51 years this indicator reached a maximum value of 23.24 in 1993 and a minimum value of 2.67 in 1976.

Definition: 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.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1970 3.00
1971 3.00
1972 3.04
1973 3.00
1974 3.00
1975 3.00
1976 2.67
1977 2.83
1978 4.15
1979 4.46
1980 5.27
1981 5.72
1982 7.60
1983 7.41
1984 8.25
1985 9.12
1986 9.24
1987 13.09
1988 12.95
1989 14.68
1990 19.78
1991 14.92
1992 18.04
1993 23.24
1994 13.09
1995 13.53
1996 13.06
1997 7.17
1998 10.11
1999 12.81
2000 11.69
2001 15.26
2002 16.67
2003 14.22
2004 13.70
2005 10.53
2006 9.75
2007 10.29
2008 11.87
2009 12.96
2010 6.52
2011 5.69
2012 8.41
2013 7.95
2014 9.34
2015 9.15
2016 7.50
2017 9.55
2018 9.70
2019 8.90
2020 4.65
2021 4.21

Classification

Topic: Financial Sector Indicators

Sub-Topic: Interest rates