Deposit interest rate — all countries

Deposit interest rate — Canada

Deposit interest rate in Canada in 2017 — 0.1%. Ranked 125 in the world out of 129. Since 1971, the indicator has fallen by 4.31 pp.

2017 0.1% +0 pp vs 2016
World rank 125of 129
Period maximum 15.96%1981
Period minimum 0.08%2015

Trend over time

1971–2017 · % per annum

Deposit interest rate — Canada, 1971–20170510152019711976198119861991199620012006201120161971: 4.41%1972: 4.98%1973: 6.39%1974: 9.31%1975: 7.35%1976: 8.65%1977: 6.96%1978: 8.19%1979: 11.31%1980: 11.52%1981: 15.96%1982: 12.92%1983: 7.33%1984: 8.94%1985: 7.79%1986: 7.08%1987: 5.69%1988: 6.65%1989: 9.08%1990: 9.85%1991: 5.75%1992: 3.92%1993: 3.21%1994: 3.98%1995: 5.28%1996: 3%1997: 1.9%1998: 3.08%1999: 2.88%2000: 3.48%2001: 2.25%2002: 0.83%2003: 1.1%2004: 0.78%2005: 0.79%2006: 1.83%2007: 2.08%2008: 1.5%2009: 0.1%2010: 0.2%2011: 0.48%2012: 0.48%2013: 0.55%2014: 0.55%2015: 0.08%2016: 0.1%2017: 0.1%
Change over the period: −4.31 pp Annual average: -0.09 pp
Deposit interest rate — Canada, by year Canada All countries CSV XLSX
Year % Change, pp
2017 0.1 +0 pp
2016 0.1 +0.03 pp
2015 0.08 −0.48 pp
2014 0.55 +0 pp
2013 0.55 +0.07 pp
2012 0.48 +0.01 pp
2011 0.48 +0.28 pp
2010 0.2 +0.1 pp
2009 0.1 −1.4 pp
2008 1.5 −0.58 pp
2007 2.08 +0.26 pp
2006 1.83 +1.03 pp
2005 0.79 +0.01 pp
2004 0.78 −0.32 pp
2003 1.1 +0.27 pp
2002 0.83 −1.43 pp
2001 2.25 −1.23 pp
2000 3.48 +0.6 pp
1999 2.88 −0.2 pp
1998 3.08 +1.18 pp
1997 1.9 −1.1 pp
1996 3 −2.28 pp
1995 5.28 +1.3 pp
1994 3.98 +0.77 pp
1993 3.21 −0.71 pp
1992 3.92 −1.83 pp
1991 5.75 −4.1 pp
1990 9.85 +0.77 pp
1989 9.08 +2.44 pp
1988 6.65 +0.96 pp
1987 5.69 −1.4 pp
1986 7.08 −0.71 pp
1985 7.79 −1.15 pp
1984 8.94 +1.6 pp
1983 7.33 −5.58 pp
1982 12.92 −3.04 pp
1981 15.96 +4.44 pp
1980 11.52 +0.21 pp
1979 11.31 +3.13 pp
1978 8.19 +1.23 pp
1977 6.96 −1.69 pp
1976 8.65 +1.29 pp
1975 7.35 −1.96 pp
1974 9.31 +2.93 pp
1973 6.39 +1.41 pp
1972 4.98 +0.57 pp
1971 4.41

About the indicator

The average rate banks pay on time deposits of residents. Set against inflation it shows whether savings keep their purchasing power: if the deposit rate is below inflation, the real return on deposits is negative.

Important: There are no aggregates for country groups: the correct weight is the volume of deposits, and we have no such series. Adding rates without weights is meaningless: the rate of a country with a tiny banking system would weigh as much as that of a large one.

Source: World Economic Outlook (IMF), license IMF open data.