Deposit interest rate in South Korea
South Korea: Deposit interest rate was 2.7% in 2025. ◆ Volatile
Deposit interest rate in South Korea, 1996–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
South Korea recorded 2.7% for deposit interest rate in 2025.
That represents a change of down 21.5% on the previous year and up 51.1% over ten years.
Over the whole period, deposit interest rate in South Korea peaked at 13.3% in 1998 and was at its lowest, 1.2%, in 2020.
That places South Korea 86th out of 152 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.5% | 7.9% | 13.3% | 4 |
| 2000s | 5.0% | 3.5% | 7.9% | 10 |
| 2010s | 2.6% | 1.6% | 4.2% | 10 |
| 2020s | 2.6% | 1.2% | 3.8% | 6 |
Countries ranked near South Korea
More financial sector data for South Korea
- Domestic credit to private sector 160.3% (2024)
- Net domestic credit 5,011.74 trillion current LCU (2024)
- Total reserves in months of imports 6.46 (2025)
- Net foreign assets 627.85 trillion current LCU (2024)
- Domestic credit to private sector by banks 160.3% (2024)
- Monetary Sector credit to private sector 160.3% (2024)
- Claims on central government, etc. 3.4% (2024)
- Broad money 162.7% (2024)
- Official exchange rate 1,422 LCU per US$, period average (2025)
- Net migration 65,731 (2025)
Frequently asked questions
- What is deposit interest rate in South Korea?
- Deposit interest rate in South Korea was 2.7% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in South Korea?
- The highest recorded value was 13.3% in 1998.
- What is the lowest deposit interest rate recorded in South Korea?
- The lowest recorded value was 1.2% in 2020.
- How does South Korea rank for deposit interest rate?
- South Korea ranks 86th out of 152 countries with data for 2025.
- Is deposit interest rate rising or falling in South Korea?
- Over the last ten years it is up 51.1%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Deposit interest rate (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
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. This indicator is expressed as a percentage (a÷b)*100.