5 Countries with Highest CD Rates in 2024

3. Venezuela

Latest Interest Rate (January 2024): 57.84%

The Bolivarian Republic of Venezuela has the world’s greatest oil reserves, estimated at 300 billion barrels. Nevertheless, the nation is struggling with a serious economic crisis marked by hyperinflation despite its abundance of natural resources. The country has a strikingly high-interest rate of 57.84%. Venezuela faces severe economic difficulties, as evidenced by a startlingly high inflation rate of 107%. Venezuela is still in the midst of an ongoing crisis and is trying to find a risky route toward economic stability, even with a deposit interest rate of 36% in 2024.