Consider the Term Length
Longer terms often offer higher rates, but you'll need to lock your money away for the full period. Consider your cash flow needs before committing.
Compare Term Deposit Rates
Find and compare the best term deposit rates from leading Australian financial institutions.
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Term Deposit Rates Comparison
Showing 12 results
| Provider | 3 Months | 6 Months | 12 Months | 24 Months | 36 Months | Min. Deposit | Interest Payment |
|---|---|---|---|---|---|---|---|
| Commonwealth Bank | 4.20% | 4.45% | 4.70% | 4.55% | 4.45% | $5,000 | Maturity |
| Westpac | 4.25% | 4.50% | 4.75% | 4.60% | 4.50% | $5,000 | Maturity/Monthly |
| ANZ | 4.15% | 4.40% | 4.65% | 4.50% | 4.40% | $5,000 | Maturity |
| NAB | 4.18% | 4.43% | 4.68% | 4.53% | 4.43% | $5,000 | Maturity/Monthly |
| Macquarie Bank | 4.30% | 4.55% | 4.85% | 4.75% | 4.65% | $10,000 | Maturity |
| ING | 4.28% | 4.53% | 4.80% | 4.70% | 4.60% | $10,000 | Maturity/Monthly |
| Bank of Queensland | 4.22% | 4.47% | 4.77% | 4.62% | 4.52% | $5,000 | Maturity |
| Bendigo Bank | 4.25% | 4.50% | 4.75% | 4.65% | 4.55% | $1,000 | Maturity/Monthly |
| Suncorp | 4.19% | 4.44% | 4.69% | 4.54% | 4.44% | $5,000 | Maturity |
| ME Bank | 4.27% | 4.52% | 4.82% | 4.72% | 4.62% | $5,000 | Maturity/Monthly |
| AMP Bank | 4.16% | 4.41% | 4.71% | 4.56% | 4.46% | $10,000 | Maturity |
| Police Credit Union | 4.32% | 4.57% | 4.87% | 4.77% | 4.67% | $1,000 | Maturity/Monthly |
Tips for Comparing Term Deposits
Check Interest Payment Options
Interest paid at maturity typically offers slightly higher rates than monthly payments, but monthly payments can provide regular income.
Government Guarantee
The Australian Government's Financial Claims Scheme protects deposits up to $250,000 per institution. Consider spreading large amounts across multiple banks.
Early Withdrawal Penalties
Most term deposits charge penalties for early withdrawal. Make sure you won't need access to the funds during the term.
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