Demand deposits will have a minimum annual interest rate of 10%, while the rates for savings accounts increase from a minimum of 32% to 42% annually.
The Central Bank of Venezuela (BCV), as part of its interest rate adjustment strategy, reports that starting on September 15, 2026, new interest rate levels will take effect that are paid by banking institutions to their depositors.
The measure seeks to strengthen the effectiveness of monetary policy and to gradually encourage individuals and legal entities to keep a larger proportion of their balances in bolivars, rather than seeking refuge in other options.
One of the most relevant adjustments is that, starting from the aforementioned date, all bank deposits will earn interest, including those in current accounts.
Demand deposits will have a minimum annual interest rate of 10%, calculated on the daily balance. It should be noted that, historically, public demand deposits had no yield or were only very modestly remunerated. These deposits account for 93% of the total resources collected by the banking sector.
Likewise, the interest rates on savings deposits increase from a minimum of 32% to 42% per year, while fixed-term deposits move from a minimum of 36% to 46% per year, without prejudice to the fact that each banking institution may offer rates higher than the minimums set by the BCV.
The BCV considers that interest rates are an active instrument of monetary policy and, therefore, action will be taken in this area to strengthen their role as a strategic channel in the price stabilization process.