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What is the highest interest rate in Australia?

High interest savings account rates. The highest rates on savings accounts are now above 5%. Term deposits. The highest term deposit rates are now above 4%. Cash rate. The official cash rate set by the RBA is currently 4.10%. Australia's Big Four banks are the Commonwealth Bank, NAB, Westpac and ANZ.

What is Australia's cash rate?

In Australia, a high RBA cash rate has historically resulted in high interest rates on home loans, car loans, personal loans, savings accounts , term deposits and so on. Likewise, a low cash rate results in low interest rates on these products, which is good for borrowers but not for savers. As things stand, Australia's current cash rate is 4.10%.

Will the Reserve Bank of Australia raise the cash rate?

The Reserve Bank of Australia is widely predicted to lift the official cash rate to 1.85% on Tuesday, to curb continued inflation. The RBA interest rate decision will be announced at 2.30pm today. Photograph: Dean Lewins/AAP

What is the RBA cash rate?

Stay up to date with the RBA cash rate and how it's impacting current interest rates across Home Loans, Savings Accounts and Term Deposits to make sure you are getting a competitive deal. The cash rate is Australia's official interest rate which is currently held at a target of 4.10% by the Reserve Bank of Australia (RBA).

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