Term Deposit Rates

Provider Rate
State Bank of India Australia 60 Month Term Deposit

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

3.00%
5 Year
Apply
Mar 2018
ING Direct Australia 2 Year Term Deposit

Rate indicated has a minimum opening deposit of $10,000

2.90%
2 Year
Apply
Mar 2018
Macquarie Bank 5 Year Term Deposit

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

2.90%
5 Year
Apply
Mar 2018
Westpac 60 Month Term Deposit

It is for amounts below $250,000

2.80%
5 Year
Apply
Mar 2018
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
May 2018
St George Bank 60 Month Term Deposit

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

2.80%
5 Year
Apply
Mar 2018
Bank of Melbourne 5 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.

2.80%
5 year
Apply
May 2018
Bank SA 5 Year Term Deposit

The interest rates applicable for this 5 year term product is for interest paid annually for $250,000 to $5,000,000.

2.80%
5 year
Apply
May 2018
CBA 5 Year Term Deposit

This rate requires an investment range from $50,000 to less than $1,999,999.Note this is determined at an annual rate, other interest options include at 6 month and 4 weekly intervals.

2.75%
5 year
Apply
May 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
Apply
May 2018
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: How much can i get each month for a $1,000,000 deposit with a big 4 bank but just for a short term (under a year).

    Reply George from Double Bay, Australia
  • Q: what is the minimum amount to put into a term deposit account for 1 or 2 years, what is the rates for it

    Reply jeanne from Elanora Heights, Australia
  • 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
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