Deposit Interest Rate in Saudi Arabia remained unchanged at 1.30 percent in May from 1.30 percent in April of 2020.

Deposit Interest Rate in Saudi Arabia averaged 1.96 percent from 1987 until 2020, 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 May of 2020. source: SAMA

Deposit Interest Rate in Saudi Arabia is expected to be 1.05 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 1.05 in 12 months time. In the long-term, the Cash 1 Year Deposit Interest Rate in Saudi Arabia is projected to trend around 1.05 percent in 2021 and 1.55 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
1.30 1.30 9.04 0.50 1987 - 2020 percent Monthly

Saudi Arabia Money Last Previous Highest Lowest Unit
Interest Rate 1.00 1.00 7.00 1.00 percent [+]
Money Supply M0 340692.00 330486.00 340692.00 54862.00 SAR Million [+]
Money Supply M1 1365094.00 1325714.00 1365094.00 121503.00 SAR Million [+]
Interbank Rate 1.30 2.14 5.24 0.60 percent [+]
Money Supply M2 1825387.00 1791108.00 1825387.00 169395.00 SAR Million [+]
Money Supply M3 2009043.00 1968399.00 2009043.00 228264.00 SAR Million [+]
Banks Balance Sheet 2724590.82 2675539.67 2724590.82 300694.53 Million SAR [+]
Foreign Exchange Reserves 1775160.00 1864860.00 2796941.00 1569145.00 SAR Million [+]
Deposit Interest Rate 1.30 1.30 9.04 0.50 percent [+]
Loan Growth 11.80 9.60 46.99 -1.40 percent [+]
Loans To Banks 43708.00 56641.00 73869.00 8057.00 SAR Million [+]
Loans To Private Sector 1633535.41 1592591.55 1633535.41 154289.00 SAR Million [+]
Central Bank Balance Sheet 1823745.00 1893926.00 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.