• 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%BYRApr 2015
Ukraine9%6,665*42,977,36725.00%UAHApr 2015
Argentina22% ^^15,85442,669,50024.65%ARSApr 2015
Iran22.5%12,258***77,895,30022.00% - IRRApr 2015
Mongolia9.5%4,7442,982,86115.1% - MNTApr 2015
Uganda13.7%1,30536,600,00013.00% - UGXApr 2015
Georgia-0.5%6,1454,490,50012.00% - GELApr 2015
Syria59.1%5,041 (2010)22,920,27310% - SYPApr 2015
Myanmar8.9%132751,419,42010.00% - MMKApr 2015
Zimbabwe8.3%55913,061,23910.00% - USDApr 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