Deposit Interest Rate in Australia remained unchanged at 2 percent in April from 2 percent in March of 2023. source: Reserve Bank of Australia

Deposit Interest Rate in Australia averaged 5.59 percent from 1981 until 2023, reaching an all time high of 17.25 percent in October of 1989 and a record low of 0.05 percent in September of 2021. 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 June of 2023.

Deposit Interest Rate in Australia is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Deposit Interest Rate in Australia is projected to trend around 1.00 percent in 2024 and 0.65 percent in 2025, according to our econometric models.

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Deposit Interest Rate in Australia



Related Last Previous Unit Reference
Interest Rate 3.85 3.60 percent May 2023
Interbank Rate 3.57 3.51 percent Apr 2023
Money Supply M1 1631.94 1636.03 AUD Billion Apr 2023
Money Supply M0 546.34 553.22 AUD Billion Apr 2023
Money Supply M3 2877.20 2870.55 AUD Billion Apr 2023
Central Bank Balance Sheet 615085.00 612963.00 AUD Million May 2023
Foreign Exchange Reserves 92398.00 87543.00 AUD Million Apr 2023
Banks Balance Sheet 5169.50 5280.83 AUD Billion Mar 2021
Loans to Private Sector 1216.25 1210.82 AUD Billion Feb 2023
Deposit Interest Rate 2.00 2.00 percent Apr 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
2.00 2.00 17.25 0.05 1981 - 2023 percent Monthly
NSA