1 live product
Australian Military Bank
Best match at selected term
4.75%p.a.
Investment Plus
Pays maturity across a 12-month term.
Term
12 months
Payout
maturity
Min deposit
$1,000
Finding the best rates…
Term Deposits Comparison
Bank One
Australian Military Bank
Best available
Up to 4.75% p.a.
Line-up
1 live product
VS
Australian Military Bank vs Westpac
Compare Australian Military Bank and Westpac term deposits in March 2026. Australian Military Bank offers rates up to 4.75% p.a. across 34 term lengths, while Westpac reaches 3.55% p.a. across 17 terms.
Tune The Comparison
$
VS
1 live product
Westpac
Best match at selected term
3.55%p.a.
Term Deposit
Pays maturity across a 12-month term.
Term
12 months
Payout
maturity
Min deposit
$5,000
Live edge
Australian Military Bank currently pays 1.20% more at 12 months, worth about $120 extra on $10,000.
1.20% gap
Feature Comparison
Side-by-side view of the strongest offers surfaced above.
| Feature | Australian Military Bank | Westpac |
|---|---|---|
| Rate at selected term | 4.75% | 3.55% |
| Best headline rate | 4.75% | 3.55% |
| Minimum deposit | $1,000 | $5,000 |
| Interest payment | maturity | maturity |
| Terms available | 34 | 39 |
All Australian Military Bank Products
Every tracked term deposits option from Australian Military Bank.
All Westpac Products
Every tracked term deposits option from Westpac.
Australian Military Bank's best term deposit rate is 4.75% p.a. across 34 variants, while Westpac offers up to 3.55% p.a. across 39 variants. Australian Military Bank pays 1.20% more, earning you an extra $600 on a $50,000 deposit over 12 months.
Australian Military Bank offers terms of 3 months, 4 months, 5 months, 6 months, 7 months, 8 months, 9 months, 10 months, 11 months, 1 year, 1.0833333333333333 years, 1.1666666666666667 years, 1.25 years, 1.3333333333333333 years, 1.4166666666666667 years, 1.5 years, 1.5833333333333333 years, 1.6666666666666667 years, 1.75 years, 1.8333333333333333 years, 1.9166666666666667 years, 2 years, 2.0833333333333335 years, 2.1666666666666665 years, 2.25 years, 2.3333333333333335 years, 2.4166666666666665 years, 2.5 years, 2.5833333333333335 years, 2.6666666666666665 years, 2.75 years, 2.8333333333333335 years, 2.9166666666666665 years, 3 years, while Westpac covers 1 month, 2 months, 3 months, 4 months, 5 months, 6 months, 7 months, 8 months, 9 months, 10 months, 11 months, 1 year, 1.9166666666666667 years, 2.9166666666666665 years, 3.9166666666666665 years, 4.916666666666667 years, 5 years.
Quick Comparison
| Feature | Australian Military Bank | Westpac |
|---|---|---|
| Best Rate | 4.75% | 3.55% |
| Min Deposit | $1,000 | $5,000 |
Common Questions
Australian Military Bank vs Westpac FAQs
Which bank has the better term deposit rate, Australian Military Bank or Westpac?
Australian Military Bank currently offers the higher rate at 4.75% p.a. Compare specific terms and deposit amounts for the most accurate comparison.
What term deposit rates does Australian Military Bank offer in 2026?
Australian Military Bank's best term deposit rate is 4.75% p.a. They offer 34 different term lengths.
What term deposit rates does Westpac offer in 2026?
Westpac's best term deposit rate is 3.55% p.a. They offer 17 different term lengths.
How much more interest can I earn with Australian Military Bank on a $50,000 term deposit?
At current rates, Australian Military Bank pays approximately $600 more per year on a $50,000 deposit, based on their 1.20% rate advantage.