Fiatmap

Cost of moneyNigeria

Deposit rate in Nigeria

What does parked money earn there?

Nigeria's deposit rate is 11.27 % — #8 of 70 countries on the atlas (higher is better). Period 2025.

11.27%

Checked 22 Sept 2026Period 2025

Source: IMF International Financial Statistics

Deposit rate in Nigeria over time

23.24 %12.95 %2.67 %23.24 % · 19932.67 % · 19761970: 3.00 %1971: 3.00 %1972: 3.04 %1973: 3.00 %1974: 3.00 %1975: 3.00 %1976: 2.67 %1977: 2.83 %1978: 4.15 %1979: 4.46 %1980: 5.27 %1981: 5.72 %1982: 7.60 %1983: 7.41 %1984: 8.25 %1985: 9.12 %1986: 9.23 %1987: 13.09 %1988: 12.95 %1989: 14.68 %1990: 19.78 %1991: 14.92 %1992: 18.04 %1993: 23.24 %1994: 13.09 %1995: 13.53 %1996: 13.06 %1997: 7.17 %1998: 10.11 %1999: 12.81 %2000: 11.69 %2001: 15.26 %2002: 16.67 %2003: 14.22 %2004: 13.70 %2005: 10.53 %2006: 9.75 %2007: 10.29 %2008: 11.87 %2009: 12.96 %2010: 6.52 %2011: 5.69 %2012: 8.41 %2013: 7.95 %2014: 9.34 %2015: 9.15 %2016: 7.50 %2017: 9.55 %2018: 9.70 %2019: 8.90 %2020: 4.65 %2021: 4.21 %2022: 5.96 %2023: 7.84 %2024: 11.62 %2025: 11.27 %19701997202511.27 %
56 official observations, 1970 → 2025. Every point is a published value — never interpolated.
Rank
#8 of 70
higher is better
Ranked behind
89 %
62 of 70 countries
Latest move
▼ 0.35 pp
since 2024
Below its peak
11.97 pp
peak 23.24 % in 1993
Full series
▲ 8.27 pp
since 1970

In Africa: #4 of 15vs median 4.96 %: +6.30 pp (better)

Among 70 countries

10 of 70 countries between 0.14 % and 0.93 %6 of 70 countries between 0.93 % and 1.73 %6 of 70 countries between 1.73 % and 2.52 %5 of 70 countries between 2.52 % and 3.31 %3 of 70 countries between 3.31 % and 4.10 %5 of 70 countries between 4.10 % and 4.89 %6 of 70 countries between 4.89 % and 5.69 %5 of 70 countries between 5.69 % and 6.48 %3 of 70 countries between 6.48 % and 7.27 %5 of 70 countries between 7.27 % and 8.06 %3 of 70 countries between 8.86 % and 9.65 %3 of 70 countries between 9.65 % and 10.44 %2 of 70 countries between 10.44 % and 11.24 %2 of 70 countries between 11.24 % and 12.03 %2 of 70 countries between 12.03 % and 12.82 %1 of 70 countries between 14.41 % and 15.20 %3 of 70 countries between 18.37 % and 19.16 %median 4.82 %Nigeria: ahead of 89 % of the 70 countries with a published deposit rateNigeria 11.27 %0.14 %19.16 %
Half of all 70 countries sit between 1.89 % and 7.70 %. Nigeria is ahead of 89 % of them. Axis trimmed to the 2nd–98th percentile; 3 values beyond it sit in the end bars.

The neighbourhood

#CountryDeposit ratevs Nigeria
6 Madagascar12.08 %+0.81 pp
7 Kenya11.98 %+0.71 pp
8 Nigeria11.27 %—
9 Georgia10.59 %−0.68 pp
10 Ghana10.50 %−0.77 pp

Bank deposit rate, IMF-harmonised — what parked money earns.

How to read this figure

The IMF-harmonised deposit rate — what banks pay on deposits. Compare it with inflation: a deposit rate below inflation means parked money loses purchasing power even inside the bank. Same harmonisation trade-off as the lending rate.

Next, about Nigeria

Savings vs inflationInflation rateLending rate
Deposit rate, all countries ranked →Compare Nigeria with another country →Everything about Nigeria →
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