Deposit Interest Rate in Australia remained unchanged at 0.30 percent in August from 0.30 percent in July of 2022. source: Reserve Bank of Australia

Deposit Interest Rate in Australia averaged 5.66 percent from 1981 until 2022, 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 September of 2022.

Deposit Interest Rate in Australia is expected to be 0.30 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 1.30 percent in 2023 and 0.55 percent in 2024, according to our econometric models.

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Deposit Interest Rate in Australia

Related Last Previous Unit Reference
Interest Rate 2.35 1.85 percent Sep 2022
Money Supply M1 1668.25 1697.79 AUD Billion Jul 2022
Money Supply M0 549.50 522.69 AUD Billion Jul 2022
Interbank Rate 1.22 1.10 percent Sep 2019
Money Supply M3 2771.40 2755.04 AUD Billion Jul 2022
Central Bank Balance Sheet 616128.00 613986.00 AUD Million Sep 2022
Foreign Exchange Reserves 80573.00 79080.00 AUD Million Aug 2022
Banks Balance Sheet 5169.50 5280.83 AUD Billion Mar 2021
Loans to Private Sector 1161.18 1150.35 AUD Billion Jul 2022
Deposit Interest Rate 0.30 0.30 percent Aug 2022

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
0.30 0.30 17.25 0.05 1981 - 2022 percent Monthly