Deposit Interest Rate in Australia increased to 0.10 percent in May from 0.05 percent in April of 2022. source: Reserve Bank of Australia

Deposit Interest Rate in Australia averaged 5.69 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 July of 2022.

Deposit Interest Rate in Australia is expected to be 0.10 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 3.40 percent in 2023 and 3.00 percent in 2024, according to our econometric models.

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Deposit Interest Rate in Australia



Related Last Previous Unit Reference
Interest Rate 0.85 0.35 percent Jun 2022
Money Supply M1 1704.51 1693.13 AUD Billion May 2022
Money Supply M0 538.58 540.73 AUD Billion May 2022
Interbank Rate 1.22 1.10 percent Sep 2019
Money Supply M3 2725.68 2701.96 AUD Billion May 2022
Central Bank Balance Sheet 612646.00 607082.00 AUD Million Jun 2022
Foreign Exchange Reserves 77339.00 77499.00 AUD Million May 2022
Banks Balance Sheet 5169.50 5280.83 AUD Billion Mar 2021
Loans to Private Sector 1129.79 1115.88 AUD Billion May 2022
Deposit Interest Rate 0.10 0.05 percent May 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
0.10 0.05 17.25 0.05 1981 - 2022 percent Monthly
NSA