THIS Country offers Fixed Deposit Interest Rate of 85.98% (Shocking!)

If you’re a citizen of India with money deposited in a local bank, you can expect an average interest rate of 7 percent. However, compared to other countries, this rate is quite low.

In fact, some countries offer up to 12 times more interest on deposits than India,

while others have negative interest rates.

Here’s a breakdown of which countries offer the highest and lowest interest rates on deposits:

Countries with Highest Interest Rates:

Argentina, Venezuela, Ukraine, Hungary, Egypt & Brazil offers highest Interest Rates:

1. Argentina: 85.98%
2. Venezuela: 36%
3. Ukraine: 13.23%
4. Hungary: 12.5%
5. Egypt: 10.8%
6. Brazil: 10.31%

The Interest Rate ranges from 10.31% to 85.98%.

Countries with Moderate Interest Rates:

Below countries offer moderate rates

1. Pakistan: 7.25%
2. Türkiye: 7%
3. India: 7%
4. Poland: 6.25%
5. Romania: 6%
6. South Africa: 5.96%
7. Russia: 5.81%
8. Bangladesh: 5.42%
9. Indonesia: 5%

The Interest Rate ranges from 5% to 7.25%.

Countries with Lowest Interest Rates:

Below countries are lowest in range.

1. Canada: 4.64%
2. Mexico: 4.43%
3. South Korea: 4.16%
4. Israel: 3.84%
5. UK: 3.75%
6. Saudi Arabia: 3.7%
7. Sweden: 3.4%
8. Australia: 2%
9. Norway: 2%
10. Switzerland: 0.94%
11. China: 0.35%
12. Bulgaria: 0.02%
13. Croatia: 0%
14. Japan: -0.15%

The Interest Rate ranges from -0.15% to 4.64%.

While some countries offer significantly higher interest rates on deposits, it’s important to consider the stability of their economies and political situations before making any financial decisions.