Deposit interest rate in United Kingdom
United Kingdom: Deposit interest rate was 4.5% in 1998. ▲ Rising
Deposit interest rate in United Kingdom, 1960–1998
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for deposit interest rate in United Kingdom is 4.5%, measured in 1998.
That represents a change of up 23.5% on the previous year and down 47.5% over ten years.
Over the whole period, deposit interest rate in United Kingdom peaked at 14.1% in 1980 and was at its lowest, 2.0%, in 1963.
United Kingdom ranks 71st of 152 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 39 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.0% | 2.0% | 5.9% | 10 |
| 1970s | 6.8% | 3.8% | 11.7% | 10 |
| 1980s | 10.6% | 7.3% | 14.1% | 10 |
| 1990s | 5.9% | 3.0% | 12.5% | 9 |
Countries ranked near United Kingdom
More financial sector data for United Kingdom
- Domestic credit to private sector 112.4% (2024)
- Net domestic credit 3.89 trillion current LCU (2024)
- Total reserves in months of imports 1.39 (2025)
- Net foreign assets 440.94 billion current LCU (2024)
- Domestic credit to private sector by banks 112.3% (2024)
- Monetary Sector credit to private sector 112.4% (2024)
- Claims on central government, etc. 21.9% (2024)
- Broad money 141.9% (2024)
- Official exchange rate 0.7595 LCU per US$, period average (2025)
- Net migration 389,911 (2025)
Frequently asked questions
- What is deposit interest rate in United Kingdom?
- Deposit interest rate in United Kingdom was 4.5% in 1998, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in United Kingdom?
- The highest recorded value was 14.1% in 1980.
- What is the lowest deposit interest rate recorded in United Kingdom?
- The lowest recorded value was 2.0% in 1963.
- How does United Kingdom rank for deposit interest rate?
- United Kingdom ranks 71st out of 152 countries with data for 1998.
- Is deposit interest rate rising or falling in United Kingdom?
- Over the last ten years it is down 47.5%. The long-run trend across the full record is rising.
- Where does this United Kingdom 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 — 39 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.