Australia Deposit Rates (Fixed Interest)

Bank Branch Founded Interest Rate Change Currency Last Updated
Bankwest 211 1895 3.75% AUD Jan 2015
Rural Bank 400 2000 3.60% - AUD Jan 2015
Credit Union Australia 78 1946 3.60% AUD Jan 2015
UBank 2008 3.56% AUD Jan 2015
AustralianSuper 2006 3.53%-3.65% - AUD Jan 2015
ING Direct Australia 1999 3.50% AUD Jan 2015
BOQ Over 255 1874 3.45% - AUD Jan 2015
Suncorp Bank 230 1902 3.45% AUD Jan 2015
Bendigo Bank 340 1858 3.30% AUD Jan 2015
CBA 1026 1912 3.25% - AUD Jan 2015
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Australia Savings Accounts (Floating Rates)

Bank Branch Founded Interest Rate Change Currency Last Updated
CBA 1026 1912 3.65% - AUD Jan 2015
ANZ 800 1835 3.51% - AUD Jan 2015
Westpac 1270 1817 3.50% - AUD Jan 2015
BOQ Over 255 1874 3.30% - AUD Jan 2015
HSBC Australia 35 1965 2.70% - AUD Jan 2015
NAB 748 1858 2.50% - AUD Jan 2015
Bank Of Melbourne 1989 2.30% - AUD Jan 2015
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Australia Loans Rates

Bank Branch Founded Interest Rate Change Currency Last Updated
Westpac 1270 1817 6.70% - AUD Jan 2015
CBA 1026 1912 5.90% - AUD Jan 2015
Bank Of Melbourne 1989 5.32% - AUD Jan 2015
NAB 748 1858 5.03% - AUD Jan 2015

Australia Business Rates

Bank Branch Founded Interest Rate Change Currency Last Updated
CBA 1026 1912 2.25% - AUD Jan 2015

Australia Credit Card Rates

Bank Branch Founded Interest Rate Change Currency Last Updated
CBA 1026 1912 13.49% - AUD Jan 2015

Economy

Compare Bank Account Rates in Australia

The Australian economy with a population of 22.5 Million (Est 2010) ranks 17th in the world with a GDP PPP of 850 billion and GDP PPP per capita of 38,663 vs 45,934 (United States) according to the IMF in 2009. Its central bank interest rate are set at 2.50% by the Reserve Bank of Australia. Its currency the Australian Dollar (AUD) is the 5th most traded currency in the world. Bank deposits held for a fixed term in Australia are called term deposits. According to CIA.gov its inflation was 4.4% in 2008 and 1.8% in 2009.


Savings and Term Deposit Insurance in Australia

For those with only one banking provider, from 31 December 2012, term deposits that mature on or after this date, a deposit balance of $250,000 cap per person per institution (applicable to eligible ADIs including banks, buildings societies and credit unions) will apply to guarantee deposits under the 'Australian Government Guarantee Scheme for Large Deposits and Wholesale Funding'. Please note that Deposit products include call accounts, term deposits and all on-line savings accounts.