Interest rate on bank deposits reached 1.56% in 2019 in Australia, according to the National Central Bank. This is 21.3% less than in the previous year.
Historically, interest rate on bank deposits in Australia reached an all time high of 18.3% in 1989 and an all time low of 1.56% in 2019.
Australia has been ranked 80th within the group of 104 countries we follow in terms of interest rate on bank deposits.
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