Latest term Deposit Rate

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 Authorised Deposit-Taking Institution (ADI) and isn’t linked to advertisers to make sure you get the right 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
Commonwealth1.50%1.55%^1.55%1.50%1.50%1.50%^ 5 months
NAB1.45%1.50%^1.40%1.30%1.30%1.40%^ 5 months
Westpac1.45%1.50%^1.35%1.30%1.30%1.30%^ 5 months
REGIONALS
ME Bank2.00%2.05%1.90%1.90%1.90%1.90%
Bank of Queensland1.50%1.55%1.55%1.45%1.45%1.45%^^ 48 less than 60
BankWest1.60%1.55%1.50%1.40%1.40%1.55%
Bank of Melbourne1.45%1.35%1.45%1.40%1.40%1.40%
Macquarie Bank1.65%1.65%1.50%1.50%1.50%1.55%
St George1.45%1.35%1.45%1.40%1.40%1.40%
Suncorp Bank 1.70%1.75%^1.55%1.50%1.50%1.50%^ 7 months
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
CUA1.75%1.80%^1.70%1.65%1.65%1.65%^ 5 months
MUTUAL BANKS
Teachers Mutual1.85%1.85%1.90%1.90%1.90%

green Green – denotes the highest rate for each term.

Rates current as of 11 October 2019 for deposits of $50,000 or more. Interest paid on maturity (up to 12 months) or annually for more than one year.

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

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. For this reason, any individual should, before acting, consider the appropriateness of the information, having regard to the individual’s objectives, financial situation and needs and, if necessary, seek appropriate professional advice.