Term Deposit Rates

Bank Rate
State Bank of India Australia 60 Month Term Deposit

Minimum deposit of $250,000 required for residents. Minimum $20,000 for non-residents.

3.30%
5 Year
Apply
Feb 2017
CBA 3 Year Term Deposit

This rate is applicable for a term between 36 and 47 months with the option to get paid annually at maturity for a  balance less than 2 million but greater than 50,000. It also available paid 6 monthly/Semi-annually as well as monthly (4 weekly). 

3.20%
3 year
Apply
Feb 2017
St George Bank 2 Year Term Deposit

Rate indicated is for the range between $1,000 to $5 million annually or at maturity

3.10%
2 Year
Apply
Feb 2017
Westpac 2 Year Term Deposit

Rate is applicable for deposit amounts between $5,000 and $249,999

3.00%
2 year
Apply
Feb 2017
Bank of Melbourne 2 Year Term Deposit

The current interest rate for this term deposit product is for a 1 year period and applies to deposit amounts or balances ranging from $250,000 to $5,000,000. Interest paid annually.

2.90%
2 year
Apply
Feb 2017
Bendigo Bank 5 Year 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. 

2.90%
5 year
Apply
Feb 2017
Macquarie Bank 5 Year Term Deposit

Rate indicated is for deposits between $10,000 to $1 million.

2.90%
5 Year
Apply
Feb 2017
NAB 5 Year Term Deposit

This per annum Interest Rate is applicable for a deposit balance of $100,000 and $499,999.

2.80%
5 year
Apply
Feb 2017
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.

2.80%
1 year
Apply
Feb 2017
Credit Union Australia 3 Year Term Deposit

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

2.80%
3 Year
Apply
Feb 2017
What are term deposits?

Within Australia, banks offer term deposits as a product for retail customers. It is a funding source for banks and offers depositors   a fixed interest investment from 1 month to 5 years. Many retirees are users of this product because it is a low-risk investment compared to some other asset classes. The RBA in monetary policy in Australia can influence the term deposit rate issued by banks. 

Please note the government guarantee of deposits does NOT apply to branches of foreign banks in Australia and foreign branches of Australian ADIs. Please visit apra.gov.au to find out more information.


Discussion

  • Q: seeking best term deposit rate for $217,000 for 3 months

    Reply Edward from Australia
  • Q: Who offers 3.40%p.a interest rate for 6 or 7 months?

    Reply James from Australia
  • Q: what is the 90day rate for nab

    Reply leslie from Sydney, Australia
    • R: You can find the rate on the NAB 90 day page here - http://australia.deposits.org/accounts/nab-3-month-term-deposit.html

      Reply Admin