What are the Interest Rates from Big Four Banks in 2023 July

Table of Contents

In July 2023, Australia witnessed a significant increase in its official interest rate, commonly known as the RBA (Reserve Bank of Australia) cash rate, reaching 4.1%. This surge marked the highest level observed in the past decade. Consequently, one may wonder about the impact of this rise on bank deposit rates.

What are the Big Four Banks

  • Westpac Banking Corporation
  • National Australia Bank Limited
  • Australia and New Zealand Banking Group Limited
  • Commonwealth Bank of Australia

What are the Interest Rates for 1 Month Term

CompanyInterest Rate
CBAupto 1.25%
ANZupto 1.30%
NABupto 1.25%
Westpacupto 1.35%
Rates shown are calculated on a per annum basis.
Rates as of July 27, 2023

What are the Interest Rates for 3 Months Term

CompanyInterest Rate
CBAupto 3.50%
ANZupto 3.50%
NABupto 3.50% (90 days)
Westpacupto 3.10%
Rates shown are calculated on a per annum basis.
Rates as of July 27, 2023

What are the Interest Rates for 6 Months Term

CompanyInterest Rate
CBAupto 3.75%
ANZupto 3.80%
NABupto 3.80%
Westpacupto 3.40%
Rates shown are calculated on a per annum basis.
Rates as of July 27, 2023

What are the Interest Rates for 12 Months Term

CompanyInterest Rate
CBAupto 4.25%
ANZupto 4.75%
NABupto 4.75%
Westpacupto 4.05%
Rates shown are calculated on a per annum basis.
Rates as of July 27, 2023

What are the Interest Rates for 2 Years Term

CompanyInterest Rate
CBAupto 4.00%
ANZupto 4.50%
NABupto 4.00%
Westpacupto 4.10%
Rates shown are calculated on a per annum basis.
Rates as of July 27, 2023

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