Home Loans
Personal Loans
Car Loans
Business Loans
Credit Cards
Banking
Health Insurance
Home Loans
Personal Loans
Car Loans
Business Loans
Credit Cards
Banking
Health Insurance
Compare Term Deposit rates up to 5.70%, with options from one month to five years.
Compare the best TD rates from 80+ providers
We show all the rates on our database (not just sponsored ones)
It’s transparent, and fair so you can compare with confidence
Written by Sean Callery and fact checked by Jared Mullane. Updated 17 Apr 2026.
Sponsored
Featured Rate
5.40%
p.a. for a 12-month term, interest paid at maturity
Community First Bank Term Deposit Special
No monthly fees. Offer available until 31 May 2026 or until limit allocation is reached.
Top Offer for up to $2m
5.35%
p.a. for a 12-month term, interest paid at maturity
Judo Bank Personal Term Deposit
No application or monthly fees. Available on balances from $1k to $2m.
Top Offer for Business
Up to
5.35%
p.a. for a 12-month term, interest paid at maturity
AMP Bank GO Business Term Deposit
Earn a competitive rate with no monthly fees. $5,000 minimum deposit.
5.35%
p.a. for a 24-month term, interest paid annually
Alex.Bank Term Deposit
Right now, High Interest Savings Accounts offer compelling rates, with increased flexibility over a Term Deposit.
See the highest term deposit rates currently available based on the deposit amount, duration and interest payment frequency that suit.
Rates updated 17 April 2026
Filter by deposit amount
Duration
Interest frequency
| Product | Min-max deposit | Best rate | 3 months | 6 months | 1 year | 2 years | Link to site |
|---|---|---|---|---|---|---|---|
 Judo Bank Personal Term Deposit | $5k - $2m | 5.50%48 monthsPaid annually | 4.50%Paid at maturity | 5.00%Paid at maturity | 5.35%Paid at maturity | 5.40%Paid annually | |
 Move Bank Term Deposit | $5k+ | 5.50%11 monthsPaid at maturity | 4.95%Paid at maturity | 5.20%Paid at maturity | 5.45%Paid at maturity | 5.30%Paid annually | |
 Community First Bank Personal Investors & Self-Managed Super Fund Term Deposit $5,000 - $49,999 | $5k - $50k | 5.40%1 yearPaid at maturity | 4.60%Paid at maturity | 4.75%Paid at maturity | 5.40%Paid at maturity | 4.50%Paid at maturity | |
Community First Bank Personal Investors & Self-Managed Super Fund Term Deposit $250,000 - $1 million | $250k - $1m | 5.40%1 yearPaid at maturity | 4.70%Paid at maturity | 4.85%Paid at maturity | 5.40%Paid at maturity | 4.50%Paid at maturity | |
Alex.Bank Term Deposit | $5k - $250k | 5.35%1 yearPaid at maturity | - | - | 5.35%Paid at maturity | 5.35%Paid annually | |
 AMP Bank GO Term Deposit | $5k - $10m | 5.35%1 yearPaid at maturity | - | 5.15%Paid at maturity | 5.35%Paid at maturity | - | |
 IMB Bank Term Deposit $5,000 - $2,000,000 | Up to $2m | 5.20%1 yearPaid at maturity | 4.00%Paid at maturity | 5.00%Paid at maturity | 5.20%Paid at maturity | 4.50%Paid annually | |
Community First Bank Personal Investors & Self-Managed Super Fund Term Deposit $50,000 - $100,000 | $50k - $100k | 5.15%1 yearPaid at maturity | 4.60%Paid at maturity | 4.75%Paid at maturity | 5.15%Paid at maturity | 4.50%Paid at maturity | |
Community First Bank Personal Investors & Self-Managed Super Fund Term Deposit $100,000 - $249,999 | $100k - $250k | 5.15%1 yearPaid at maturity | 4.70%Paid at maturity | 4.85%Paid at maturity | 5.15%Paid at maturity | 4.50%Paid at maturity | |
IMB Bank Term Deposit $1,000 - $100,000 | Up to $100k | 2.25%6 monthsPaid at maturity | - | 2.25%Paid at maturity | 2.25%Paid at maturity | 2.25%Paid at maturity | |
IMB Bank Term Deposit $2,000 - $100,000 | Up to $100k | 2.15%1 yearPaid fortnightly | - | - | 2.15%Paid fortnightly | - | |
 Rabobank Term Deposit $500,000.01 - $2,000,000 | $500k - $2m | 5.70%60 monthsPaid annually | 4.90%Paid at maturity | 5.15%Paid at maturity | 5.35%Paid annually | 5.20%Paid annually | |
 BNK Bank Term Deposit | $1 - $1m | 5.60%6 monthsPaid at maturity | 5.10%Paid at maturity | 5.60%Paid at maturity | 5.55%Paid at maturity | - | |
 Goldfields Money Stow It Term Deposit Account | $5k+ | 5.60%6 monthsPaid at maturity | 5.10%Paid at maturity | 5.60%Paid at maturity | 5.40%Paid at maturity | - | |
 Great Southern Bank Platinum Plus 55+ Term Deposit | $5k+ | 5.60%60 monthsPaid at maturity | - | - | 5.35%Paid at maturity | 4.35%Paid at maturity | |
Rabobank Term Deposit $100,000.01 - $500,000 | $100k - $500k | 5.60%60 monthsPaid annually | 4.80%Paid at maturity | 5.05%Paid at maturity | 5.25%Paid annually | 5.10%Paid annually | |
Judo Bank Personal Term Deposit | $5k - $2m | 5.50%48 monthsPaid annually | 4.50%Paid at maturity | 5.00%Paid at maturity | 5.35%Paid at maturity | 5.40%Paid annually | |
Move Bank Term Deposit | $5k+ | 5.50%11 monthsPaid at maturity | 4.95%Paid at maturity | 5.20%Paid at maturity | 5.45%Paid at maturity | 5.30%Paid annually | |
Great Southern Bank Standard Term Deposit | $5k+ | 5.50%60 monthsPaid at maturity | 4.80%Paid at maturity | 4.55%Paid at maturity | 5.25%Paid at maturity | 4.25%Paid at maturity | |
Rabobank Term Deposit $1,000 - $100,000 | $1k - $100k | 5.50%60 monthsPaid annually | 4.70%Paid at maturity | 4.95%Paid at maturity | 5.15%Paid annually | 5.00%Paid annually | |
 Gateway Bank Term Deposit | $1k+ | 5.45%1 yearPaid at maturity | 4.80%Paid at maturity | 4.80%Paid at maturity | 5.45%Paid at maturity | 1.60%Paid at maturity | |
 Heartland Bank Term Deposit - Personal | $10k - $1m | 5.45%1 yearPaid at maturity | 4.80%Paid at maturity | 5.15%Paid at maturity | 5.45%Paid at maturity | 5.45%Paid at maturity | |
 RACQ Bank Term Deposit | $1k+ | 5.45%1 yearPaid at maturity | 4.90%Paid at maturity | 4.40%Paid at maturity | 5.45%Paid at maturity | 3.30%Paid annually | |
Community First Bank Personal Investors & Self-Managed Super Fund Term Deposit $250,000 - $1 million | $250k - $1m | 5.40%1 yearPaid at maturity | 4.70%Paid at maturity | 4.85%Paid at maturity | 5.40%Paid at maturity | 4.50%Paid at maturity | |
Community First Bank Personal Investors & Self-Managed Super Fund Term Deposit $5,000 - $49,999 | $5k - $50k | 5.40%1 yearPaid at maturity | 4.60%Paid at maturity | 4.75%Paid at maturity | 5.40%Paid at maturity | 4.50%Paid at maturity | |
 Australian Military Bank Investment Plus | $1k - $250k | 5.40%13 monthsPaid annually | 4.30%Paid at maturity | 4.75%Paid at maturity | 4.80%Paid at maturity | 3.55%Paid annually | |
 Credit Union SA Term deposit | $1k+ | 5.40%9 monthsPaid at maturity | 3.00%Paid at maturity | 5.20%Paid at maturity | 5.20%Paid at maturity | 5.20%Paid annually | |
Alex.Bank Term Deposit | $5k - $250k | 5.35%1 yearPaid at maturity | - | - | 5.35%Paid at maturity | 5.35%Paid annually | |
AMP Bank GO Term Deposit | $5k - $10m | 5.35%1 yearPaid at maturity | - | 5.15%Paid at maturity | 5.35%Paid at maturity | - | |
 Bank Australia Term Deposit | $500 - $3m | 5.35%1 yearPaid at maturity | 4.70%Paid at maturity | 5.05%Paid at maturity | 5.35%Paid at maturity | 4.80%Paid at maturity | |
 Qudos Bank Term Deposit $5,000 - $9,999 | $5k - $250k | 5.35%1 yearPaid at maturity | 4.70%Paid at maturity | 5.05%Paid at maturity | 5.35%Paid at maturity | 4.80%Paid at maturity |
This information is general in nature and doesn’t take your objectives, financial situation or needs into account. Consider whether it’s appropriate for you and read any relevant disclosure from providers before acting.
See the best term deposit rate available right now across popular term durations.
| Term duration | Highest rate with interest paid at maturity/annually | Highest rate with interest paid monthly |
|---|---|---|
3 months | 4.95% p.a. from MOVE Bank | 4.85% p.a. from G&C Mutual Bank or Unity Bank |
6 months | 5.40% p.a. from BNK Bank or Goldfields Money | 5.05% p.a. from G&C Mutual Bank, Qudos Bank or Unity Bank |
9 months | 5.40% p.a. from BNK Bank or Goldfields Money | 5.05% p.a. from Border Bank or Police Bank |
12 months | 5.45% p.a. from Gateway Bank, Heartland Bank, MOVE Bank, RACQ Bank | 5.40% p.a. from RSL Money |
2 years | 5.45% p.a. from Heartland Bank | 5.30% p.a. from Judo Bank |
3 years | 5.45% p.a. from Heartland Bank | 5.30% p.a. from Judo Bank |
4 years | 5.50% p.a. from Judo Bank | 5.40% p.a. from Judo Bank |
5 years | 5.60% p.a. from Great Southern Bank (55+) | 5.50% p.a. from Great Southern Bank (55+) |
| Provider | Interest rate | Min-max balance |
|---|---|---|
| BNK Bank | 5.10% | $0k - $1m |
| Goldfields Money | 5.10% | $5k+ |
| Move Bank | 4.95% | $5k+ |
| G&C Mutual Bank | 4.90% | $1k+ |
| ME Bank | 4.90% | $5k - $2m |
| Provider | Interest rate | Min-max balance |
|---|---|---|
| BNK Bank | 5.60% | $0k - $1m |
| Goldfields Money | 5.60% | $5k+ |
| Move Bank | 5.20% | $5k+ |
| Credit Union SA | 5.20% | $1k+ |
| AMP Bank GO | 5.15% | $5k - $10m |
| Provider | Interest rate | Min-max balance |
|---|---|---|
| Goldfields Money | 5.60% | $5k+ |
| BNK Bank | 5.55% | $0k - $1m |
| Credit Union SA | 5.40% | $1k+ |
| Move Bank | 5.20% | $5k+ |
| Alex.Bank | 4.75% | $5k - $250k |
| Provider | Interest rate | Min-max balance |
|---|---|---|
| BNK Bank | 5.55% | $0k - $1m |
| Move Bank | 5.45% | $5k+ |
| Gateway Bank | 5.45% | $1k+ |
| RACQ Bank | 5.45% | $1k+ |
| Community First Bank | 5.40% | $5k - $50k |
| Provider | Interest rate | Min-max balance |
|---|---|---|
| Heartland Bank | 5.45% | $10k - $1m |
| Judo Bank | 5.40% | $5k - $2m |
| Alex.Bank | 5.35% | $5k - $250k |
| Move Bank | 5.30% | $5k+ |
| Suncorp Bank | 5.25% | $5k - $100k |
| Provider | Interest rate | Min-max balance |
|---|---|---|
| Heartland Bank | 5.45% | $10k - $1m |
| Judo Bank | 5.40% | $5k - $2m |
| Alex.Bank | 5.35% | $5k - $250k |
| Rabobank | 5.10% | $1k - $100k |
| Suncorp Bank | 5.00% | $5k - $100k |
| Provider | Interest rate | Min-max balance |
|---|---|---|
| Judo Bank | 5.50% | $5k - $2m |
| Heartland Bank | 5.45% | $10k - $1m |
| Alex.Bank | 5.35% | $5k - $250k |
| Rabobank | 5.30% | $1k - $100k |
| Suncorp Bank | 5.00% | $5k - $100k |
| Provider | Interest rate | Min-max balance |
|---|---|---|
| Judo Bank | 5.50% | $5k - $2m |
| Rabobank | 5.50% | $1k - $100k |
| Heartland Bank | 5.45% | $10k - $1m |
| Alex.Bank | 5.10% | $5k - $250k |
| Suncorp Bank | 5.00% | $5k - $100k |
Our Term Deposit comparison shows all the options in our database (not just paid partners) giving you a fairer, more transparent comparison, with way more choice.
With thousands of options, comparing Term Deposits can be overwhelming. We give you smart ways to filter and narrow down your options based on what matters to you.
We only compare Term Deposits from Authorised Deposit Taking Institutions covered by the Government’s Financial Claims Scheme. It means you can compare with confidence.
Thousands of Aussies trust us to compare finance deals every day. Why? Because WE GIVE A BUCK about getting them the best outcome, the right way. It shows in our score of 4.9 out of 5 on Trustpilot.
Sean Callery, Editor
Term deposit rates are increasing again following the Reserve Bank of Australia’s second cash rate hike of 2026, at its March Board meeting.
As things stand, most of the market’s best term deposit offers sit in the mid 5% range (depending on term length), according to Money.com.au’s latest analysis.
The absolute best term deposit rate available right now is 5.70% p.a. on a five-year term from Rabobank on balances above $500k up to $2m, with interest paid annually.
Shorter terms up to 12 months are paying between 4.90% to 5.45% p.a from some providers.
With further increases likely over the coming weeks and months, the top rates may well jump again. But we've already surged past the highest rates we saw at any stage last year. It's looking more and more like a good time to consider a term deposit.
Sean Callery, Editor
The interest rate on a term deposit dictates what return you’ll get from your money. A lot of people simply prioritise finding the highest rate available, but there can be situations where a term deposit with a lower rate could be more suitable, based on other factors explained here.
The interest rate you earn on a term deposit can vary massively based on the term duration – even on accounts from the same provider. Remember, you won’t be able to access the money in a term deposit during the term (without penalties applying) so choosing a suitable term is key.
For some savers, how often you receive interest payments is particularly important. An example could be if you will rely on the interest payments as income for day-to-day living. Just bear in mind that term deposits paying interest more frequently often have a reduced interest rate.
Check how much the provider actually allows you to deposit, and whether the top interest rate only applies to deposits above a certain amount. Where there is a maximum deposit amount, check if that applies per customer or per account. You may be able to spread funds across multiple term deposit accounts.
Ideally you will choose a term that matches your plans for the money deposited, but it’s worth checking what happens (and what it will cost you) if you need to withdraw the money early for any reason. A reduced interest rate and/or fees usually apply. That's different to a high interest savings account where you can withdraw your money at any time.
Make sure the term deposit you choose is offered by an authorised deposit-taking institution (ADI). Only deposits with these providers (up to $250k per customer per provider) are guaranteed by the Australian Government’s Financial Claim Scheme.
Some term deposits allow you to build on your savings by reinvesting the interest earned. Also consider what happens when the term ends and what options the provider offers. Some banks offer a loyalty bonus if you roll your deposit over into a new term.
Term deposits are generally considered to be lower risk than other investments, but you may still benefit from getting financial advice before deciding if investing in a term deposit is the right approach for you and which type of account will be best.
New research from Money.com.au shows that 19% of Australians keep their savings in a term deposit, while 33% leave it in a standard transaction or everyday account. More than half of Australians (53%) put their savings into a high-interest savings account.
You can usually open a new term deposit account online through the provider’s website. This should only take a few minutes, assuming you’re eligible and have your ID handy.
To open a term deposit, you’ll generally need to:
A term deposit is a savings product offered by most banks in Australia that pays a fixed rate of interest on money deposited for a set period of time.
During the term, savers cannot withdraw money from their term deposit without penalties applying (fees or interest deductions).
There are usually a few different options for when interest is paid on a term deposit:
For shorter terms (1-12 months) some providers only pay interest at the end of the term. Choosing to receive interest payments more frequently usually means you’ll be paid a lower rate of interest.
Most term deposit providers require a month’s notice if a customer needs to withdraw funds early. There may be exceptions for customers who need to access money because they are experiencing financial difficulty.
If you withdraw funds early, you may be charged a fee or, more likely, be paid a reduced rate of interest depending on how long is left until the term deposit matures.
If you are saving for a particular goal, such as a first home buyer saving for a deposit, it's particularly important to consider the term length and whether it suits your plans.
Here is an example of the interest rate deduction applied by term deposit provider, Rabobank.
| % of term that elapsed when funds withdrawn | Interest rate deduction |
|---|---|
Less than 20% | 80% |
20-39% | 60% |
40-59% | 40% |
60-79% | 20% |
80-99% | 10% |
When your term deposit ends (matures), you generally have a few options depending on the provider:
Money saved in a term deposit with an authorised deposit-taking institution (ADI) is guaranteed by the Australian Government’s Financial Claim Scheme, up to a value of $250,000 per person per bank. That means no matter what happens to a bank, each customer with a term deposit will be protected up to $250,000.
If you have more than $250,000 to invest, you could spread your savings across multiple term deposit providers covered by the scheme to ensure you are protected. If you are investing a large amount, consider discussing your options with a financial advisor first.
You should also make sure that the product you’re investing in is in fact a term deposit. The Australian Securities and Investments Commission (ASIC) warns that there are cases where scammers advertise fake investments as being ‘like a term deposit’ with ‘guaranteed high returns’.
There may also be legitimate investment products (e.g. managed funds) that seem similar to what a term deposit offers, but these are much higher risk, ASIC warns.
The following providers are authorised deposit-taking institutions who can offer term deposits that will be covered by the government’s Financial Claims Scheme.
Sean Callery is the Editor of Money.com.au. He has over 15 years of international experience. He is qualified with a Certificate IV in Finance and Mortgage Broking (FNS40821) and is compliant to provide general advice in Tier 1 General Insurance (RG 146) products.
Jared Mullane is a finance writer with more than a decade of experience at some of Australia’s biggest finance and consumer brands. His areas of expertise include energy, home loans, personal finance and insurance. Jared is qualified with a Certificate IV in Finance and Mortgage Broking (FNS40821).
Money.com.au has strict rules and policies in place that ensure we can provide accurate and reliable information to consumers about financial products, without it being influenced by our commercial arrangements. Read more about how we make money and avoid conflicts.
Our term deposit interest rate comparison is based on products analysed by Money from banks covered by the Government’s Financial Claims Scheme. By default the table is sorted by highest interest rate, then provider name alphabetically. Check with the provider for full current account details, including rates, fees, eligibility and terms and conditions – and seek financial advice if necessary – to ensure the product is right for you. While this is an extensive list of the highest term deposit rates available in Australia, we don’t guarantee that all products in the market are shown.
Protecting you and your money is important to us. Find out about staying safe from common banking and financial scams and what we do to protect our customers.
