Deposit Interest Rate in Australia increased to 3.15 percent in March from 2.90 percent in February of 2026. Deposit Interest Rate in Australia averaged 5.44 from 1981 until 2026, reaching an all time high of 17.25 in October of 1989 and a record low of 0.05 in September of 2021.

Deposit Interest Rate in Australia is expected to be 3.10 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 3.15 in 2027 and 2.65 in 2028, according to our econometric models.



Related Last Previous Unit Reference
Central Bank Balance Sheet 354258.00 380523.00 AUD Million Apr 2026
Foreign Exchange Reserves 106807.00 105800.00 AUD Million Mar 2026
Interbank Rate 3.96 3.83 percent Mar 2026
RBA Interest Rate 4.10 4.10 percent Apr 2026
Private Sector Credit YoY 8.10 7.80 percent Mar 2026
Loans to Private Sector 1363.61 1355.20 AUD Billion Feb 2026
Money Supply M0 286.60 303.65 AUD Billion Mar 2026
Money Supply M1 1977.34 1964.02 AUD Billion Mar 2026
Money Supply M3 3419.95 3396.60 AUD Billion Mar 2026


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
3.15 2.90 17.25 0.05 1981 - 2026