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Cost of moneySouth Korea

Deposit rate in South Korea

What does parked money earn there?

South Korea's deposit rate is 2.73 % — #45 of 70 countries on the atlas (higher is better). Period 2025.

2.73%

Checked 22 Sept 2026Period 2025

Source: IMF International Financial Statistics

Deposit rate in South Korea over time

13.29 %7.22 %1.16 %13.29 % · 19981.16 % · 20201996: 10.11 %1997: 10.80 %1998: 13.29 %1999: 7.95 %2000: 7.94 %2001: 5.79 %2002: 4.95 %2003: 4.25 %2004: 3.87 %2005: 3.72 %2006: 4.50 %2007: 5.17 %2008: 5.87 %2009: 3.48 %2010: 3.86 %2011: 4.15 %2012: 3.70 %2013: 2.89 %2014: 2.54 %2015: 1.81 %2016: 1.56 %2017: 1.67 %2018: 2.03 %2019: 1.85 %2020: 1.16 %2021: 1.20 %2022: 3.12 %2023: 3.84 %2024: 3.48 %2025: 2.73 %1996201020252.73 %
30 official observations, 1996 → 2025. Every point is a published value — never interpolated.
Rank
#45 of 70
higher is better
Ranked behind
36 %
25 of 70 countries
Latest move
▼ 0.75 pp
since 2024
Below its peak
10.56 pp
peak 13.29 % in 1998
Full series
▼ 7.38 pp
since 1996

In Asia: #11 of 19vs median 4.96 %: −2.23 pp (worse)

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 %South Korea: ahead of 36 % of the 70 countries with a published deposit rateSouth Korea 2.73 %0.14 %19.16 %
Half of all 70 countries sit between 1.89 % and 7.70 %. South Korea is ahead of 36 % of them. Axis trimmed to the 2nd–98th percentile; 3 values beyond it sit in the end bars.

The neighbourhood

#CountryDeposit ratevs South Korea
43 Costa Rica3.44 %+0.71 pp
44 Norway3.21 %+0.48 pp
45 South Korea2.73 %—
46 Morocco2.68 %−0.05 pp
47 Kuwait2.62 %−0.11 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 South Korea

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