1 Year Term Deposit Rates

Provider Rate
Bank Australia 1 Year Term Deposit

Rate is for interest paid at maturity and for the set 12-18 range the amount of $100,000 and over

2.85%
1 year
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Nov 2018
UBank 1 Year Term Deposit

The interest rate for this Ubank term deposit account is for a 12 month / 1 year period and may include a .10% loyalty bonus when you rollover 100% of your term deposit. It also requires a minimum $1000.

2.74%
1 year
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Jun 2018
Suncorp Bank 1 Year Term Deposit

Interest Rate for this Suncorp deposit product depends on amount deposited and is for a 12 month / 1 year term. Interest is paid at maturity with minimum investment being $50,000.

2.70%
1 year
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Jun 2018
BOQ 1 Year Term Deposit

BOQ / Bank of Queensland Term Deposit interest rates require a minimum account balance of $1000 and is based on the term 12 less than 24. The current interest is based on amounts deposited over $5000 to $249,999

2.70%
1 year
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Jun 2018
ING Direct Australia 1 Year Term Deposit

The Interest Rates for this 12 month / 1 year term product requires a minimum deposit of $10,000.

2.70%
1 year
Apply
Jun 2018
2.70%
1 year
Apply
Jun 2018
AustralianSuper 1 Year Term Deposit

The rate is applicable to the AustralianSuper member direct investment option product for its term deposit product. The applicable term in 365 days (% pa).  You can invest in this option if you are an AustralianSuper member and have more than $10,000 in the account. (Note it may not be covered by the Government guarantee). Rate ranges from 3.67% to 3.90%

2.66%-2.80%
1 year
Apply
Nov 2018
Credit Union Australia 1 Year Term Deposit

This CUA interest rate p.a indicated is for deposit balances of $5,000 or over and interest is calculated daily on the whole balance. It applies for a term of 12 months / 1 year and interest is paid on maturity. 

2.65%
1 year
Apply
Jun 2018
Bankwest 1 Year Term Deposit

Rates applicable to depositing with the range of $5,000 up to $2 million. For deposits which have a term of less than 12 months, interest is paid on maturity. For deposits which have a term of 12 months or greater, you may ask have your interest paid monthly, quarterly, six monthly or annually.

2.62%
1 year
Apply
Jun 2018
Bank of China Australia 1 Year Term Deposit

Rate is applicable to deposits ranging from $20,000 to $5,000,000. 

2.60%
1 year
Apply
Nov 2018

A 1 year deposit or commonly also known as a 360 day or 12 month deposit is one of the most popular types of deposit products in Australia along with the six month deposit. It is a medium term maturity product.

Interest accumulated through a 1 year deposits is paid monthly, quarterly, annualy or semi-annually as per the following example from a local Australian bank.


Data sourced from the RBA from banks in Australia indicates that 1yr rates peaked at around 16% in the late 80s but have fallen significantly over the last 2 decades.




Discussion

  • Q: What is the present interest rate if A$670000 is deposited for 8 months ?

    Reply Grace from Hong Kong