Bank Australia updates Monthly Term Deposit 12 months (12 months) to 4.70%
Bank Australia has increased the rate on its Monthly Term Deposit 12 months (12 months) term deposit by 10 basis points to 4.70% p.a., from a previous rate of 4.60%.
Bank Australia
Monthly Term Deposit 12 months (12 months)
New Rate
4.70%
Illustrative Example
For illustrative purposes, a $50,000 term deposit at 4.70% p.a. would earn approximately $2,350 over 12 months. This change represents $50 more in interest per year.
Market Context
This rate of 4.70% is above the current market average of 4.62% across 31 tracked term deposit products. The current market leader offers 5.10%.
Notes
Bank Australia increased term deposit rate by 0.10% to 4.7%
⚠️ General information only
This comparison is for informational purposes only and does not constitute financial advice. Always verify current rates and eligibility directly with the provider before making decisions. Consider whether products are appropriate for your circumstances.