Bank Deposit Interest Rate
Oceania Ranking
percentSource: IMF
Definition of Bank Deposit Interest Rate
The deposit interest rate is the average interest rate on one year term deposits offered by the commercial banks to the household sector.
| Current Rank | Country | Value | Latest Reading | Previous Rank | Previous Value |
|---|---|---|---|---|---|
| 1 | New Zealand | 5.71 | 7-2023 | 1 | 5.25 |
| 2 ↑ | Australia | 3.6 | 7-2023 | 3 | 3.25 |
| 3 ↓ | Tonga | 3.47 | 6-2022 | 2 | 3.66 |
| 4 ↑ | Papua New Guinea | 2.13 | 3-2023 | 5 | 2.23 |
| 5 ↓ | Vanuatu | 1.9 | 12-2022 | 4 | 2.25 |
| 6 ↑ | Samoa | 1.82 | 3-2023 | 7 | 1.79 |
| 7 ↑ | Solomon Islands | 1.03 | 6-2023 | 8 | 1.37 |
| 8 ↓ | Fiji | 0.43 | 6-2023 | 6 | 2.18 |
The deposit interest rate is the average interest rate on one year term deposits offered by the commercial banks to the household sector.
