Australian Term Deposits
Updated 20th February 2014

This chart shows the current term deposit rates for all major Australian Banks. In bold is the best Australian term deposit for that particular length of time. The term dopsit rates shown are the special (best) term deposit rates for each bank. For the most up-to-date information on a bank's term deposit rates you can get live rates for each bank by simply clicking the bank in the Term Deposit menu above.

Quick Term Deposit Explanation:

Term deposits are when you lock away a lump sum of money for a certain period of time. They are usually the accounts that offer the highest interest rates. They cant be accessed at all in the period there locked away and if you do use the money and break the contract you usually get a lots less interest and it wouldn't have been worth while.

Bold -Highest Rate for Particular Month

Australian Term Deposit Chart
$5000+

Bank
1
2
3
4
5
6
7
8
9
10
11
12
24
 36
60
Anz     3.25       3.25         3.30 3.90 4.05 4.50
Westpac     3.15                 3.25     4.55
NAB     3.25       3.25         3.40 3.85 4.00 4.50
Commonwealth     3.15   3.15             3.20   3.95 4.20
Bank Of Qld     3.60     3.75           3.65 3.80 3.95  
Rural Bank     3.70     3.80           3.70      
Bank West       3.70     3.70         3.70 3.85 4.10 4.50
ING Direct* 2.50   3.50     3.80     3.60   3.80 3.90 4.10    
Bendigo   3.20 3.25     3.35           3.45 3.80 4.05 4.35
Heritage Bank     3.65     3.75   3.55   3.55   3.75 3.90 3.90 4.00
Suncorp*       3.60   3.90           4.00     4.20
Macquarie     3.50 3.50   3.55     3.60     3.65 3.90 4.00 4.40

*Commonwealth rates are for 10,000 +.

*Suncorp is for amounts over 10,000,

* Note also that there can also be differences in when interest is paid, which can effect rates.

Highest Term Deposit Rates

Westpac 60 Months 4.55 %

Bank West 60 Months 4.10 %

Remember not all term deposit rates are included on all the tables, as most banks only have high rates for certain months. We therefore pick there best rates and the best banks so you only get the top interest rates. Most Australian banks, we believe, are reliable and so we place no bias on which term deposits are good, leaving that decision for you. 

There can easily be changes in interest rates, so for most up to date rates go to the bank directly or look on their website.

Note: These charts were correct on February 20 2014 and are viable to sudden change by the individual banks, always check the most up to date rates on there web sites.

See previous months rates

July2010
July 2
July 1
August
 September
 October
 November
December/January
 February May
January 2011
October 2012

Chart rates are shown for term deposits paying on an annual basis(on maturity), not a monthly or quarterly payment of interest.

Some rates are shown for 3 month periods, but are actually 90 day, make sure you always check with the bank's website or contact them before opening the particular term deposit.

Information gathered from individual bank web sites.