Top 10 Countries with Highest Deposit Interest Rates as of June 2022

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Viva Budy Kusnandar 21/06/2022 13:10 WIB

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Argentina's deposit interest rate stood at 46.46% in June 2022, the highest among other countries.

Top 10 Countries with Highest Deposit Interest Rates (February-June 2022)

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Top 10 Countries with Highest Deposit Interest Rates as of June 2022

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Top 10 Countries with Highest Deposit Interest Rates (February-June 2022)

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Argentina's deposit interest rates are the highest compared to other countries.

This high interest rate is related to Argentina's still-high inflation, reaching 60% (year-on-year/yoy) in June 2022.

According to Tradingeconomic data, Argentina's deposit interest rate reached 46.46% per annum in June 2022. This means that if a customer deposits Rp1 million in a deposit account, they will receive Rp460,460 in interest within a year.

The next country with the highest deposit interest rate is Venezuela, reaching 36% per annum (June 2022). Followed by Zimbabwe at 26% per annum (March 2022), Uzbekistan at 16.9% per annum (March 2022), and Moldova at 16.5% per annum (June 2022).

After that are Russia with a deposit interest rate of 14.03% per annum (April 2022), Madagascar at 13.75% per annum (February 2022), Turkey at 12.5% per annum (May 2022), Georgia at 11.41% per annum (April 2022), and Sierra Leone at 9% per annum (June 2022).

The high deposit interest rates in these countries are driven by various factors, such as prolonged conflicts and high inflation, leading depositors to demand high returns due to the high risks in these countries.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Top 10 Countries with Highest Deposit Interest Rates as of June 2022

Top 10 Countries with Highest Deposit Interest Rates as of June 2022

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Top 10 Countries with Highest Deposit Interest Rates as of June 2022

Top 10 Countries with Highest Deposit Interest Rates as of June 2022

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