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Interest Rate on Bank Deposits (Local Currency) in Australia

Source: OECD, Reserve Bank of Australia, Australian Prudential Regulation Authority (Figures for banks only)
Last Updated: July 24, 2023

Interest rate on bank deposits reached 2.20% in fourth quarter of 2015 in Australia, according to the National Central Bank. This is 0% more than in the previous quarter.

Historically, interest rate on bank deposits in Australia reached an all time high of 18.8% in 1Q1990 and an all time low of 2.20% in 4Q2015.

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