Latest term deposit rates

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Here’s a list of the latest term-deposit rates so you can stay on top of the best deals around town. Our comparison table is independent of any advertisers to make sure you get the right information.

Rates are current as of 4 December 2018 for deposits of $50,000 or more. Interest paid on maturity (up to 12 months) or annually for more than one year. Click on the relevant institution for more information.

Institution
3 mths
6 mths
1 yr
2 yrs
3 yrs
5 yrs
Term
MAJOR BANKS
ANZ1.45%1.60%^1.40%1.30%1.30%1.35%^ 7 months
Commonwealth1.25%1.35%1.40%1.25%1.25%1.25%
NAB1.25%1.30%^1.20%1.15%1.15%1.25%^ 5 months
Westpac1.30%1.55%1.20%1.20%1.20%1.20%
REGIONALS
ME Bank1.65%1.70%1.60%1.50%1.50%1.50%
Bank of Queensland1.50%1.65%1.55%1.45%1.45%1.45%^^ 48 less than 60
BankWest1.55%^1.55%1.50%1.40%1.40%1.40%^ 4 mths
Bank of Melbourne1.30%1.20%1.30%1.30%1.30%1.30%
Macquarie Bank1.65%1.60%1.40%1.40%1.45%1.50%
St George1.30%1.20%1.30%1.30%1.30%1.30%
Suncorp Bank 1.50%^1.60%*1.40%1.30%1.30%1.30%^ 4 mths * 7 mths
ONLINE BANKS
ING Direct1.20%1.70%1.65%1.65%
RaboDirect1.60%1.65%1.50%1.25%1.15%1.45%
Ubank1.70%1.70%1.60%
CREDIT UNIONS
CUA1.65%1.65%1.60%1.40%1.40%1.30%
MUTUAL BANKS
Teachers Mutual1.60%1.60%1.65%1.65%1.65%

Rates subject to change without notice. Term and conditions may apply.

Green – denotes the highest rate for each term.

Important information: This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute formal advice. Any individual should, before acting, consider the appropriateness of the information in regards to their objectives, financial situation and needs and, if necessary, seek professional advice.