Deposit Interest Rate in Australia decreased to 0.55 percent in August from 0.60 percent in July of 2020.

Deposit Interest Rate in Australia averaged 5.94 percent from 1981 until 2020, reaching an all time high of 17.25 percent in October of 1989 and a record low of 0.55 percent in August of 2020. This page includes a chart with historical data for Deposit Interest Rate in Australia. Deposit Interest Rate in Australia - values, historical data and charts - was last updated on September of 2020. source: Reserve Bank of Australia

Deposit Interest Rate in Australia is expected to be 0.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Deposit Interest Rate in Australia to stand at 0.75 in 12 months time. In the long-term, the Deposit Interest Rate in Australia is projected to trend around 0.75 percent in 2021 and 1.00 percent in 2022, according to our econometric models.

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Deposit Interest Rate in Australia

Actual Previous Highest Lowest Dates Unit Frequency
0.55 0.60 17.25 0.55 1981 - 2020 percent Monthly

Australia Money Last Previous Highest Lowest Unit
Interest Rate 0.25 0.25 17.50 0.25 percent [+]
Money Supply M0 178.11 166.98 194.10 4.09 AUD Billion [+]
Money Supply M1 1273.06 1260.34 1273.06 8.27 AUD Billion [+]
Money Supply M3 2357.34 2324.26 2357.34 10.19 AUD Billion [+]
Foreign Exchange Reserves 59671.00 59944.00 90562.00 1126.00 AUD Million [+]
Banks Balance Sheet 5410.35 5510.55 5510.55 322.97 AUD Billion [+]
Central Bank Balance Sheet 299042.00 295900.00 299042.00 30418.00 AUD Million [+]
Loans to Private Sector 994.54 1005.04 1024.17 20.21 AUD Billion [+]
Deposit Interest Rate 0.55 0.60 17.25 0.55 percent [+]
Private Debt to GDP 200.00 202.40 206.00 120.80 percent [+]

Deposit Interest Rate in Australia
The Deposit Interest Rate in Australia refers to the average rate offered by major banks on three-month fixed deposits of 10,000 Australian dollars.