• Foreign Currency Account Rates - Compare Currency Deposit Interest Rates

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Currency Deposits by Country

CountryInflationGDPPopulationInterest RateChangeCurrencyLast Updated
Belarus19.0%15,7539,475,10028.50% - BYRAug 2015
Argentina22% ^^15,85442,669,50026.15% - ARSAug 2015
Ukraine9%6,665*42,977,36722.00% - UAHAug 2015
Iran22.5%12,258***77,895,30020.00% - IRRAug 2015
Uzbekistan$3,76230,492,80020.00% - UZSAug 2015
Mongolia9.5%4,7442,982,86115.1% - MNTAug 2015
Uganda13.7%1,30536,600,00013.00% - UGXAug 2015
Georgia-0.5%6,1454,490,50012.00% - GELJun 2015
Azerbaijan2.4%9,552,50012.00% - AZNAug 2015
Kazakhstan5.8%14,39117,353,70010.5% - KZTAug 2015

Foreign Currency Deposit Rates

While local deposit rates which can be denominated in national and foreign currencies are set by banks they are highly influenced by several factors outside of their control. These include but are not limited to inflation in an economy, competition, regulation/liquidity requirements as well as central bank policies. Central banks across the world set monetary policies accordingly to effectively improve an economy whether it is to cool them down or set policies for expansion. Different economies may be expansion while others contracting as gains and losses in trade impact economies. 

Economies in recession can be likely to set interest rates low with corresponding deposit yields being low, high performing economies may push rates high to cool down economies from overheating or alternatively rates may be forced higher because of rampant inflation. The following deposit rates indicate bank forecasts and policies which generally correspond with the associated central bank policies.

Highest Foreign Currency Account Rates by Deposit Interest Rates