Updated March 2026
Savings Account Interest Rate in Australia (2026)
4.60%
Ranked #71 of 161 • Global avg 6.08%
Top retail savings accounts in Australia currently yield around 4.60%, below the global average of 6.08%.
Among the 30 economies tracked by NoodlePants, Australia ranks #71 for savings rate — near the bottom of the global ranking.
A $10,000 deposit at 4.60% would earn about $460 in interest per year, before tax.
All financial metrics for Australia
Where Australia ranks globally
#1Argentina
110.00%
#2Turkey
47.00%
#3Zimbabwe
30.00%
#4Venezuela
24.00%
#5Egypt
22.00%
#6Uzbekistan
18.00%
#7Pakistan
14.50%
#8Angola
14.00%
#9Kazakhstan
14.00%
#10Mozambique
13.00%
#11Ukraine
13.00%
#12Ghana
12.00%
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