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 current term deposit rates from leading Australian financial institutions. Rates sourced directly from bank rate sheets, last checked 2026-08-22.
Filter & Sort
Term Deposit Rates Comparison
Showing 18 results
| Provider | 3 Months | 6 Months | 12 Months | 24 Months | 36 Months | Min. Deposit | Interest Payment |
|---|---|---|---|---|---|---|---|
| Judo BankBest 12mo rate | — | — | 5.35% | — | — | $1,000 | At maturity or annually |
| Suncorp | 5% | 4.9% | 5.35% | 5% | 5% | $5,000 | At maturity or periodically |
| ING | 5.05% | 5.2% | 5.3% | 4.7% | — | $10,000 | Varies by term |
| AMP Bank | — | 5% | 5.3% | 5.25% | 3.7% | $25,000 | Varies by term |
| NAB | — | — | 5.25% | — | — | $5,000 | Annually, monthly or quarterly (terms 12mo+) |
| ANZ | 3.35% | 5.1% | 5.25% | 5% | 4.6% | $5,000 | Varies by term |
| Macquarie Bank | — | — | 5.2% | — | — | $5,000 | Varies by term |
| Bankwest | 4.8% | — | 5.2% | — | — | $1,000 | Varies by term |
| Heritage Bank | 4% | 5% | 5.2% | 4.75% | 4.75% | $1,000 | At maturity/annually (monthly option pays slightly less) |
| Commonwealth Bank | — | — | 5.15% | — | — | $5,000 | Varies by term |
| Westpac | 3.25% | 3.4% | 5.15% | 4.5% | 4% | $5,000 | Monthly or at maturity |
| St George | 3.25% | 3.4% | 5.15% | — | — | $1,000 | Monthly or at maturity |
| Bank of Queensland | — | — | 5.1% | — | — | $1,000 | At maturity |
| Rabobank | — | — | 5% | — | — | $1,000 | Annually |
| Bendigo Bank | — | — | — | — | — | $1,000 | Varies by term |
| ME Bank | — | 4.9% | — | — | — | $0 | Varies |
| Bank of Melbourne | — | — | — | — | — | $1,000 | Varies by term |
| Great Southern Bank | — | — | — | — | — | $1,000 | Varies by term |
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.
Ready to Calculate Your Returns?
Use our interactive calculator to see how much you could earn.
Try Our Calculator