Average monthly term deposit rate for households in Australia 2019-2023

Published by L. Granwal, Nov 23, 2023
In September 2023, the average monthly term deposit interest rate for households in Australia was 4.3 percent per annum. The average deposit rate for new term deposits in Australia had declined to as low as 0.3 percent per annum in 2021.

Average monthly term deposit interest rate for households in Australia from July 2019 to September 2023 (in percent per annum)

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Sources

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Release date

November 2023

Region

Australia

Survey time period

July 2019 to September 2023

Special properties

weighted average interest rate paid to households on all new term deposits

Supplementary notes

According to the source, data are compiled from monthly returns collected by APRA for all authorised deposit-taking Institutions (ADIs) with $4 billion in deposits or more.

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