Term Deposit Rates

Provider Rate
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
Jun 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
Nov 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
Jun 2018
ING Direct Australia 2 Year Term Deposit

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

2.80%
2 Year
Apply
Mar 2019
NAB 2 Year Term Deposit

Main Rate is applicable for a 2 year /24 month term deposit for a balance between $100,000 and $499,999. Interest paid at maturity/annually with other monthly and semi annual options available. 

2.60%
2 year
Apply
Aug 2019
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
State Bank of India Australia 60 Month Term Deposit

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

2.15%
5 Year
Apply
Aug 2019
Suncorp Bank 6 Month Term Deposit

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

2.05%
6 Month
Apply
Aug 2019
UBank 3 Month Term Deposit

Rate indicated is for the range between $1000 to $2 million includes loyalty bonus

2.05%
3 Month
Apply
Aug 2019
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

2.00%
1 year
Apply
Aug 2019
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.