Deposit Interest Rate in Canada
Deposit Interest Rate in Canada decreased to 0.47 percent on Friday May 8 from 0.50 percent in the previous day. Deposit Interest Rate in Canada averaged 5.91 percent from 1975 until 2020, reaching an all time high of 22.06 percent in August of 1981 and a record low of 0.10 percent in December of 2016. The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits. This page includes a chart with historical data for Deposit Interest Rate in Canada.