Bank Deposit Interest Rate
Carribean Ranking
percentSource: IMF
Definition of Bank Deposit Interest Rate
The deposit interest rate is the average interest rate on one year term deposits offered by the commercial banks to the household sector.
| Current Rank | Country | Value | Latest Reading | Previous Rank | Previous Value |
|---|---|---|---|---|---|
| 1 | Dominican Republic | 8.65 | 6-2023 | 1 | 9.41 |
| 2 | Jamaica | 7.44 | 7-2023 | 2 | 7.14 |
| 3 | Saint Vincent and the Grenadines | 2.05 | 12-2020 | 3 | 2.05 |
| 4 ↑ | Barbados | 2 | 6-2023 | 7 | 1 |
| 5 | Saint Lucia | 1.3 | 12-2020 | 5 | 1.3 |
| 5 | Antigua and Barbuda | 1.3 | 12-2020 | 5 | 1.3 |
| 7 ↓ | Aruba | 0.9 | 6-2023 | 4 | 1.4 |
| 8 | Grenada | 0.68 | 12-2020 | 8 | 0.68 |
| 9 ↑ | Dominica | 0.55 | 12-2020 | 11 | 0.55 |
| 10 | Bahamas | 0.54 | 6-2023 | 10 | 0.56 |
| 11 ↓ | Trinidad and Tobago | 0.38 | 3-2023 | 9 | 0.65 |
The deposit interest rate is the average interest rate on one year term deposits offered by the commercial banks to the household sector.
