Deposit Interest Rate in Australia remained unchanged at 3.30 percent in May. Deposit Interest Rate in Australia averaged 5.43 percent from 1981 until 2026, 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. source: Reserve Bank of Australia
Deposit Interest Rate in Australia is expected to be 3.30 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 3.80 percent in 2027 and 2.80 percent in 2028, according to our econometric models.