Term Deposit Rates

Provider Rate
Westpac 60 Month Term Deposit

It is for amounts below $250,000

2.80%
5 Year
Apply
Jun 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
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
Credit Union Australia 3 Year Term Deposit

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

2.80%
3 Year
Apply
Jun 2018
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. 

2.70%
5 year
Apply
Jun 2018
Macquarie Bank 1 Year Term Deposit

The rate applicable is for a 1 yr term requiring a minimum deposit of $10,000.

2.70%
1 year
Apply
Mar 2019
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
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
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.