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Bank of Melbourne Term Deposit Rates

Westpac Group brand serving Victorian customers, with fixed term deposits similar to St George. Rates last checked 2026-08-10.

Rates shown may include promotional offers and can change without notice — confirm the current rate on the provider's site before acting. How we source rates

Term Interest Rate (p.a.) Min. Deposit
11 months 5.25% — Special/promotional term $1,000

Source: Bank of Melbourne fixed term deposit rates

Notes on Bank of Melbourne's rates

Only the current 11-month special could be confirmed with confidence. Check the source link for the full standard-term ladder.

Interest Payment Options

Bank of Melbourne's interest payment options: Varies by term. Interest paid at maturity typically offers the headline rate; opting for monthly or quarterly payments can reduce the effective rate slightly, since you're accessing your returns sooner.

How Bank of Melbourne Compares

Term deposit rates move independently between banks, so it's worth checking a few options before committing. See how Bank of Melbourne stacks up against other providers:

Or use our full comparison table to see every bank side by side, or the term deposit calculator to estimate your returns.