Latest term deposit rates

Founder and Publisher of the Switzer Report
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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
ANZ0.65%0.65%0.75%0.75%0.75%0.80%
Commonwealth0.50%0.60%0.80%0.90%0.90%1.00%
NAB0.70%0.80%^0.95%0.90%0.90%1.00%^ 7 months
Westpac0.55%0.80%^0.80%0.90%0.90%0.90%^ 7 months
REGIONALS
ME Bank1.00%1.00%1.15%1.15%1.15%1.15%
Bank of Queensland0.75%0.85%0.95%0.95%0.95%0.95%^^ 48 less than 60
BankWest0.90%0.95%1.00%1.00%1.00%1.15%
Bank of Melbourne0.55%0.70%0.85%0.95%0.95%0.95%
Macquarie Bank0.70%0.75%0.75%0.75%0.75%0.75%
St George0.55%0.70%0.85%0.95%0.95%0.95%
Suncorp Bank 0.75%0.80%0.80%0.90%0.65%0.65%
ONLINE BANKS
ING Direct0.50%0.85%0.95%0.95%
RaboDirect1.15%1.35%1.50%1.20%1.20%1.35%
Ubank0.95%0.95%1.15%
CREDIT UNIONS
CUA0.85%0.90%0.95%1.00%1.00%1.00%
MUTUAL BANKS
Teachers Mutual1.20%1.20%1.30%1.30%1.30%

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.