Commercial Banks’ Interest Rates
| Period Ending | Prime Loan Rates | Time Deposits | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Basic Prime Rate | Term | Demand | Overdraft | Real Estate Mortgage | Ordinary Savings | Special Savings | 3 Month | 3 to 6 Month | 6 to 12 Month | |
| 2010 | 8.38 | 8.25 | 8.25 | 8.25 | 8.25 | 0.33 | 0.33 | 0.53 | 0.79 | 1.32 |
| 2011 | 7.75 | 7.75 | 7.75 | 7.75 | 7.75 | 0.20 | 0.21 | 0.23 | 0.79 | 1.51 |
| 2012 | 7.50 | 7.62 | 7.50 | 7.50 | 7.50 | 0.20 | 0.23 | 0.23 | 0.61 | 0.71 |
| 2013 | 7.50 | 7.50 | 7.50 | 7.50 | 7.50 | 0.20 | 0.19 | 0.86r | 0.95r | 0.53r |
| 2014 | 7.75 | 7.50 | 7.50 | 7.50 | 7.50 | 0.20 | 0.19 | 0.86r | 0.95r | 0.53r |
| 2015 | 8.93 | 7.50 | 7.50 | 7.50 | 7.50 | 0.20 | 0.19 | 0.86r | 0.95r | 0.53r |
| 2016 | 9.00 | 7.50 | 7.50 | 7.50 | 7.50 | 0.20 | 0.19 | 0.86r | 0.95r | 0.53r |
| 2017 | 9.00 | 7.50 | 7.50 | 7.50 | 7.50 | 0.20 | 0.19 | 0.86r | 0.95r | 0.53r |
| 2018 | 9.25 | 7.50 | 7.50 | 7.50 | 7.50 | 0.20 | 0.20 | 0.86r | 0.95r | 0.53r |
| 2019 | 9.25 | 7.50 | 7.50 | 7.50 | 7.50 | 0.20 | 0.20 | 0.86r | 0.95r | 0.53r |
| 2020 | 7.50 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| 2019 | ||||||||||
| October | 9.25 | 7.50 | 7.50 | 7.50 | 7.50 | 0.20 | 0.20 | 0.86r | 0.95r | 0.53r |
| November | 9.25 | 7.50 | 7.50 | 7.50 | 7.50 | 0.20 | 0.20 | 0.86r | 0.95r | 0.53r |
| December | 9.25 | 7.50 | 7.50 | 7.50 | 7.50 | 0.20 | 0.20 | 0.86r | 0.95r | 0.53r |
| 2020 | ||||||||||
| January | 9.25 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| February | 9.25 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| March | 7.50 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| April | 7.50 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| May | 7.50 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| June | 7.50 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| July | 7.50 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| August | 7.50 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| September | 7.50 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| October | 7.50 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| November | 7.50 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| December | 7.50 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| 2021 | ||||||||||
| January | 7.50 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| February | 7.50 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| March | 7.50 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| April | 7.50 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| May | 7.50 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| June | 7.50 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
r: Revised
n/a: Not Available
