# The deposit interest rate
- The **deposit interest rate** is the rate paid by **commercial banks** or similar institutions for **demand, time, or savings deposits**.
- However, the **terms and conditions** associated with these rates vary from country to country, limiting their comparability.
- The chart displays the interest rates on deposits in six **Middle Eastern and North African countries** (**Turkey, Egypt, Jordan, Morocco, Kuwait, and Israel**) over a decade spanning from **2013 to 2022**.
- **Turkey** has experienced higher and more volatile interest rates on deposits, reaching **27%** in 2022.
- Countries like **Morocco** and **Jordan** show moderate rates, ranging from **2% to 5%**, while **Israel**'s deposit rates tend to be lower, often **below 1%**.