all

1 Month Term Deposit Rates

Provider Rate
Bank of Sydney 1 Month Term Deposit

Rate shown is applicable to deposits ranging from $250,000-$1,000,000 with interest calculated daily and paid at maturity.

1.55%
1 month
Aug 2019
Citibank Australia 1 Month Term Deposit

Rates applicable with minimum opening balance of $10,000 and interest paid monthly, quarterly, annually or at maturity.

1.40%
1 month
Jun 2019
Suncorp Bank 1 Month Term Deposit

Rate indicated is for the range between $100,000 to $499,999.

1.25%
1 Month
Aug 2019
Credit Union Australia 1 Month Term Deposit

Rate quoted is has minimum investment of $5,000.

1.00%
1 Month
Sep 2019
Bendigo Bank 1 Month Term Deposit

The interest rate for this one year product is at maturity and deposit balances ranges requires a minimum of $5,000 up to amounts over $5,000,000.

0.50%
1 month
Jan 2020
0.05%
1 MONTH
Jun 2024

In Australia, 30 day also known as 1 month term deposits (TD) are one of the shortest maturities products available from banks and credit union for interest bearing deposits. In contrast to savings accounts, 30 days like other TD products cannot be added to but are much closer to the savings rate than longer maturities like 5 year TDs.

Interest from 1 Month deposits are paid monthly as per the following example from a large bank.



Data aggregated from the RBA indicates that 1 month rates have also fallen over time especially compared to the 1980s.