Deposit Interest Rate in Jamaica decreased to 2.50 percent in 2020 from 2.60 percent in 2019. source: World Bank

Deposit Interest Rate in Jamaica averaged 12.85 percent from 1978 until 2020, reaching an all time high of 36.60 percent in 1994 and a record low of 2.50 percent in 2020. This page includes a chart with historical data for Deposit Interest Rate in Jamaica. Deposit Interest Rate in Jamaica - values, historical data and charts - was last updated on July of 2021.

Deposit Interest Rate in Jamaica is expected to reach 2.50 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Deposit Interest Rate in Jamaica is projected to trend around 3.00 percent in 2022 and 3.50 percent in 2023, according to our econometric models.

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Deposit Interest Rate in Jamaica

Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.60 36.60 2.50 1978 - 2020 percent Yearly

Jamaica Money Last Previous Highest Lowest Unit
Interest Rate 0.50 0.50 33.00 0.50 percent [+]
Deposit Interest Rate 2.50 2.60 36.60 2.50 percent [+]
Money Supply M1 353954.90 348520.00 353954.90 8893.10 JMD Million [+]
Money Supply M2 734449.10 717228.90 734449.10 23139.70 JMD Million [+]
Money Supply M3 973419.30 949719.10 973419.30 26226.60 JMD Million [+]
Central Bank Balance Sheet 1028154.00 1010447.00 1028154.00 146770.40 JMD Million [+]
Foreign Exchange Reserves 4130.13 4032.25 4130.13 0.00 USD Million [+]


Deposit Interest Rate in Jamaica
The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits.