What Are The Historical Deposit Interest Rates In South Africa

Here is an overview of historical deposit interest rates in South Africa from 2003 to today, along with useful links for further details:

  1. Historical Trends: The deposit interest rate in South Africa has averaged around 9.92% from 1977 until 2024, with some fluctuations over the years. Notably, the rates reached an all-time high of 21.60% in August 1998 and have seen a decreasing trend since then. For detailed annual data, you can check the statistics from Trading Economics.

  2. Selected Historical Rates: The South African Reserve Bank provides a collection of selected historical rates that can be useful for understanding trends over time. You can access this data here.

  3. YCharts Data: YCharts presents a comprehensive overview of the deposit interest rate from 1977 to 2022, which helps identify annual trends and fluctuations. This resource includes graphical representations and statistics, available at YCharts.

  4. Direct Interest Rate Tables: The South African Revenue Service has published a detailed PDF which contains interest rates over the years, including specific rates from earlier years. You can view the archived rates in the document here.

This should give you a solid starting point for exploring the historical trends of deposit interest rates in South Africa. If you need specific yearly data or further elucidation on any aspect, please let me know!

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