Deposit interest rates in Tanzania 1974-2020

Published by
Natalie Cowling,
Nov 4, 2024
The deposit interest rate in Tanzania decreased by 0.4 percentage points (-5.63 percent) in 2020 in comparison to the previous year. Nevertheless, the last two years recorded a significantly higher deposit interest rate than the preceding years.
Deposit rate refers to the amount of money paid out in interest by a bank of financial institution on cash deposits.

Find more statistics on other topics about Tanzania with key insights such as credit granted to the private sector by commercial banks as share of GDP, ratio of bank capital and reserves to total assets, and ratio of non-performing loans (NLP) to total gross loans.

Deposit interest rates in Tanzania from 1974 to 2020

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Sources

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Release date

October 2024

Region

Tanzania

Survey time period

1974 to 2020

Supplementary notes

Figures have been rounded.

The source adds the following information:
'Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability'.

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