Deposit Interest Rate in Australia decreased to 1.15 percent in January from 1.30 percent in December of 2019. Deposit Interest Rate in Australia - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Deposit Interest Rate in Australia averaged 6.02 percent from 1981 until 2020, reaching an all time high of 17.25 percent in October of 1989 and a record low of 1.15 percent in January of 2020. This page includes a chart with historical data for Deposit Interest Rate in Australia. source: Reserve Bank of Australia

Deposit Interest Rate in Australia is expected to be 1.05 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Deposit Interest Rate in Australia to stand at 1.30 in 12 months time. In the long-term, the Deposit Interest Rate in Australia is projected to trend around 1.30 percent in 2021, according to our econometric models.


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Deposit Interest Rate in Australia

Actual Previous Highest Lowest Dates Unit Frequency
1.15 1.30 17.25 1.15 1981 - 2020 percent Monthly
NSA


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.