Deposit interest rate | Jamaica – yearly data, chart and table

The Deposit interest average annual rate of Jamaica in 2024 was 6.23%. The 2023 rate was  5.82%. It has been growing in this country for already 4 years in a row. The lowest deposit interest rate in Jamaica was recorded in 2020, with a value of  2.46%. The highest rate was in 1994, when it achieved 36.57%. The deposit interest rate is the rate paid by banks or other financial institutions to individuals or businesses for keeping money in a deposit account (such as a savings account, fixed-term deposit, or certificate of deposit).