Deposit Interest Rate in Canada was at 0.18 percent on Friday November 26. source: Bank of Canada

Deposit Interest Rate in Canada averaged 5.72 percent from 1975 until 2021, reaching an all time high of 22.06 percent in August of 1981 and a record low of -0.10 percent in October of 2020. This page includes a chart with historical data for Deposit Interest Rate in Canada. Deposit Interest Rate in Canada - values, historical data and charts - was last updated on November of 2021.

Deposit Interest Rate in Canada is expected to be 0.18 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Deposit Interest Rate in Canada is projected to trend around 0.68 percent in 2022 and 1.43 percent in 2023, according to our econometric models.

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Deposit Interest Rate in Canada

Related Last Previous Unit Reference
Interest Rate 0.25 0.25 percent Oct/21
Money Supply M1 1580057.00 1580843.00 CAD Million Sep/21
Central Bank Balance Sheet 501361.00 496691.00 CAD Million Oct/21
Banks Balance Sheet 1085203.00 1076449.00 CAD Million Sep/21
Deposit Interest Rate 0.18 0.18 percent Nov/21
Deposit Interest Rate in Canada
The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits.