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

CurrencyInterest RateTypeCountryChange from last monthLast Updated
PHP36.00%Credit CardPhilippines-Jan, 2015
HKD34.46%Credit CardHong Kong-Jan, 2015
BYR29.00%FixedBelarus-Jan, 2015
INR27.00%Credit CardIndia-Jan, 2015
ARS25.00%FixedArgentina-Jan, 2015
SGD24.00%Credit CardSingaporeJan, 2015
IRR22.00%Fixed DepositIran-Jan, 2015
UAH21.60%Term DepositUkraine-Jan, 2015
PKR20.00%Home LoanPakistan-Jan, 2015
NGN20.00%Home LoanNigeria-Jan, 2015
AUD19.99%Credit CardsAustralia-Jan, 2015
RUB18.80%Home LoanRussiaJan, 2015
ZAR18.65%Credit CardSouth AfricaJan, 2015
UGX18.25%Home LoanUganda-Jan, 2015
MNT15.10%Term DepositMongolia-Jan, 2015
MYR15.00%Credit CardMalaysia-Jan, 2015
NZD13.90%Credit CardNew Zealand-Jan, 2015
BDT13.00%Home LoanBangladeshJan, 2015
GBP12.94%Credit CardUnited Kingdom-Jan, 2015
CAD11.99%Credit CardCanada-Jan, 2015
USD11.00%Home LoanIraq-Jan, 2015
SYP10.00%Fixed DepositSyria-Jan, 2015
MMK10.00%Fixed DepositMyanmar-Jan, 2015
TRY9.50%Time DepositTurkey-Jan, 2015
RWF9.50%Term DepositRwanda-Jan, 2015
TMT9.00%FixedTurkmenistan-Jan, 2015
AMD9.00%Time DepositArmenia-Jan, 2015
GHS8.90%Fixed DepositGhana-Jan, 2015
TZS8.50%Fixed DepositTanzania-Jan, 2015
PGK8.45%Home LoanPapua New Guinea-Jan, 2015
IDR7.50%Time DepositIndonesia-Jan, 2015
VND7.20%Term DepositVietnamJan, 2015
CRC7.10%Cd AccountCosta Rica-Jan, 2015
LHR7.00%Fixed DepositSri Lanka-Jan, 2015
KHR7.00%Fixed DepositCambodia-Jan, 2015
RSD7.00%Term DepositSerbia-Jan, 2015
JMD6.95%Fixed DepositJamaica-Jan, 2015
EGP6.50%Time DepositEgypt-Jan, 2015
BRL5.95%Savings AccountBrazil-Jan, 2015
ISK5.80%FixedIcelandJan, 2015
ETB5.00%Savings AccountEthiopia-Jan, 2015
BND4.50%Home LoanBrunei-Jan, 2015
BWP4.25%Fixed DepositBotswana-Jan, 2015
NPR4.25%Nepal-Jan, 2015
COP4.20%Cd AccountColombiaJan, 2015
MKD4.00%FixedMacedoniaJan, 2015
CUC4.00%Time DepositCuba-Nov, 2014
PEN4.00%Term DepositPeru-Jan, 2015
AED3.99%Home LoanUnited Arab Emirates-Jan, 2015
CLP3.48%Time DepositChile-Jan, 2015
MUR3.46%Fixed DepositMauritius-Jan, 2015
MXN3.23%Time DepositMexico-Jan, 2015
JPY3.10%Home LoanJapanJan, 2015
CNY3.00%Time DepositChina-Jan, 2015
THB2.80%Fixed DepositThailand-Jan, 2015
HUF2.54%Term DepositHungary-Jan, 2015
BZD2.52%Savings AccountBelize-Jan, 2015
NOK2.50%Fixed DepositNorway-Jan, 2015
FJD2.25%Term DepositFiji-Jan, 2015
KRW2.20%Time DepositSouth KoreaJan, 2015
RON2.00%Term DepositRomania-Jan, 2015
DZD2.00%Savings AccountAlgeria-Jan, 2015
CHF1.98%Home LoanSwitzerlandJan, 2015
BGN1.50%Time DepositBulgaria-Jan, 2015
SAR1.50%Savings AccountSaudi Arabia-Dec, 2014
PLN1.45%Term DepositPoland-Jan, 2015
TWD1.32%Time DepositTaiwan-Jan, 2015
LEK1.05%Term DepositAlbania-Jan, 2015
KWD1.00%Term DepositKuwait-Jan, 2015
QAR0.95%Fixed DepositQatar-Jan, 2015
DKK0.88%Fixed DepositDenmarkJan, 2015
SEK0.80%Fixed DepositSweden-Jan, 2015
OMR0.75%Fixed DepositOman-Jan, 2015
SBD0.75%Term DepositSolomon Islands-Jan, 2015
NIS0.60%FixedPalestine-Jan, 2015
TTD0.50%Cd AccountTrinidad And Tobago-Jan, 2015
LTL0.30%Term DepositLithuania-Jan, 2015
ILS0.25%Fixed DepositIsrael-Jan, 2015
MOP0.15%Time DepositMacau-Jan, 2015
CZK0.10%Term DepositCzech Republic-Jan, 2015