Bank deposit interest rate, percent in Australia, October, 2020
For that indicator, we provide data for Australia from January 1982 to October 2020. The average value for Australia during that period was 6.57 percent with a minimum of 0.7 percent in October 2020 and a maximum of 16 percent in October 1989.
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around the world.
* indicates monthly or quarterly data series
Source: Reserve Bank of Australia
Definition: The deposit interest rate is the average interest rate on one year term deposits offered by the commercial banks to the household sector.