Deposit Interest Rate in Saudi Arabia remained unchanged at 1.65 percent in February from 1.65 percent in January of 2021. source: SAMA

Deposit Interest Rate in Saudi Arabia averaged 1.96 percent from 1987 until 2021, reaching an all time high of 9.04 percent in December of 1989 and a record low of 0.50 percent in February of 2009. This page includes a chart with historical data for Deposit Interest Rate in Saudi Arabia. Cash 1 Year Deposit Interest Rate in Saudi Arabia - values, historical data and charts - was last updated on February of 2021.

Deposit Interest Rate in Saudi Arabia is expected to be 1.65 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Deposit Interest Rate in Saudi Arabia to stand at 1.65 in 12 months time. In the long-term, the Cash 1 Year Deposit Interest Rate in Saudi Arabia is projected to trend around 1.65 percent in 2022, according to our econometric models.

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Cash 1 Year Deposit Interest Rate in Saudi Arabia

Actual Previous Highest Lowest Dates Unit Frequency
1.65 1.65 9.04 0.50 1987 - 2021 percent Monthly

Saudi Arabia Money Last Previous Highest Lowest Unit
Interest Rate 1.00 1.00 7.00 1.00 percent [+]
Money Supply M0 352651.00 349694.00 362632.00 54862.00 SAR Million [+]
Money Supply M1 1488926.00 1464307.00 1488926.00 121503.00 SAR Million [+]
Interbank Rate 0.82 0.84 5.24 0.60 percent [+]
Money Supply M2 1962842.00 1935791.00 1962842.00 169395.00 SAR Million [+]
Money Supply M3 2149267.00 2138993.00 2149267.00 228264.00 SAR Million [+]
Banks Balance Sheet 2979460.98 2967729.84 2979460.98 300694.53 Million SAR [+]
Foreign Exchange Reserves 1701209.00 1713605.00 2796941.00 1569145.00 SAR Million [+]
Deposit Interest Rate 1.65 1.65 9.04 0.50 percent [+]
Loan Growth 14.00 14.90 46.99 -1.40 percent [+]
Loans To Banks 21646.00 26918.00 73869.00 8057.00 SAR Million [+]
Loans To Private Sector 1762500.54 1755046.13 1762500.54 154289.00 SAR Million [+]
Central Bank Balance Sheet 1846795.00 1858604.00 2838408.00 186460.00 Million SAR [+]
Reverse Repo Rate 0.50 0.50 6.75 0.25 percent [+]


Cash 1 Year Deposit Interest Rate in Saudi Arabia
The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits.