Australia Banks

BankBranchFoundedBest RateTypeTermOwnership
CommsecN/AN/AN/ALocal
Standard Chartered Australia21964N/AN/AN/AForeign
Rural Bank40020003.25%Deposits1 yearLocal
JP Morgan Australia2N/AN/AN/AForeign
Deutsche Bank Australia21973N/AN/AN/AForeign
Goldman Sachs Australia3N/AN/AN/AForeign
Morgan Stanley Australia5N/AN/AN/AForeign
AustralianSuper20063.10%Deposits1 yearLocal
OCBC Australia1N/AN/AN/AForeign
Bank Of America Australia3N/AN/AN/AForeign

Australia Deposit Rates (Fixed Interest)

BankBranchFoundedInterest RateChangeCurrencyLast Updated
Suncorp Bank23019023.45% - AUDFeb 2015
State Bank Of India Australia119983.40% - AUDMar 2015
Credit Union Australia7819463.35% - AUDFeb 2015
Rural Bank40020003.25% - AUDMar 2015
UBank20083.21% - AUDMar 2015
Bankwest21118953.20% - AUDFeb 2015
Bank Of China Australia93.20% - AUDMar 2015
BOQOver 25518743.10%AUDMar 2015
Bank SAOver 12018483.10% - AUDFeb 2015
ING Direct Australia19993.10% - AUDMar 2015
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Australia Savings Accounts (Floating Rates)

BankBranchFoundedInterest RateChangeCurrencyLast Updated
CBA102619123.20%AUDMar 2015
ANZ80018353.16%AUDMar 2015
Westpac127018173.14%AUDMar 2015
BOQOver 25518742.95%AUDMar 2015
NAB74818582.80% - AUDMar 2015
HSBC Australia3519652.70% - AUDFeb 2015
Citibank Australia1319712.60% - AUDMar 2015
Bank Of Melbourne19892.00%AUDMar 2015
Bank Of Sydney1620010.30% - AUDMar 2015
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Australia Loans Rates

BankBranchFoundedInterest RateChangeCurrencyLast Updated
UBank20084.29%AUDMar 2015
Bank Of China Australia94.53% - AUDMar 2015
BOQOver 25518744.62% - AUDMar 2015
Bankwest21118954.63% - AUDMar 2015
Macquarie Bank1519694.69% - AUDFeb 2015
Citibank Australia1319714.69% - AUDMar 2015
Bank Of Melbourne19895.07%AUDMar 2015
ING Direct Australia19995.09% - AUDMar 2015
Bendigo Bank34018585.11% - AUDMar 2015
Credit Union Australia7819465.15% - AUDMar 2015

Australia Business Rates

BankBranchFoundedInterest RateChangeCurrencyLast Updated
CBA102619121.85%AUDMar 2015

Australia Credit Card Rates

BankBranchFoundedInterest RateChangeCurrencyLast Updated
Bank Of Sydney16200111.99% - AUDMar 2015
Bankwest2111895 12.24% - AUDMar 2015
Suncorp Bank230190212.74% - AUDMar 2015
Credit Union Australia78194612.99% - AUDMar 2015
St George Bank396193713.24% - AUDMar 2015
Bank Of Melbourne198913.24% - AUDMar 2015
Bank SAOver 120184813.24% - AUDMar 2015
ANZ800183513.49% - AUDMar 2015
CBA1026191213.49% - AUDMar 2015
Westpac1270181713.49% - AUDMar 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 2.25% 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.