Finding the best rates…
Compare Term Deposit Rates - Up to 5.10%
Today's Best Term Deposit Rates, Side by Side.
100% Australian data. Always free to use.
Heartland
Term Deposit
4.93%
At Maturity
Term
1 year
Interest
+$493
Min.
$5K
Macquarie
Macquarie Term Deposit
4.90%
At Maturity
Term
1 year
Interest
+$490
Min.
$5K
Unity Bank
Term Deposit
4.90%
At Maturity
Term
1 year
Interest
+$490
Min.
$1K
G&C Mutual Bank
Term Deposit
4.90%
At Maturity
Term
1 year
Interest
+$490
Min.
$1K
Judo Bank
Personal Term Deposits
4.85%
At Maturity
Term
1 year
Interest
+$485
Min.
$1K
ING
Personal Term Deposits
4.80%
At Maturity
Term
1 year
Interest
+$480
Min.
$10K
Qudos Bank
Term Deposits
4.80%
At Maturity
Term
1 year
Interest
+$480
Min.
$5K
Bank Australia
Term Deposit 12 months
4.80%
At Maturity
Term
1 year
Interest
+$480
Min.
$1K
Australian Military Bank
Investment Plus
4.75%
At Maturity
Term
1 year
Interest
+$475
Min.
$1K
Great Southern Bank
Standard Rate Term Deposit 1-12 months
4.75%
At Maturity
Term
1 year
Interest
+$475
Min.
$5K
NAB
NAB Term Deposit
4.70%
At Maturity
Term
1 year
Interest
+$470
Min.
$5K
Newcastle Permanent
Term Deposit
4.70%
At Maturity
Term
1 year
Interest
+$470
Min.
$1K
Bank of Queensland
Premier Investment Term Deposit
4.65%
At Maturity
Term
1 year
Interest
+$465
Min.
$5K
Rabobank
Online Term Deposit
4.55%
At Maturity
Term
1 year
Interest
+$455
Min.
$1K
IMB Bank
SpecialTerm Deposit
4.55%
At Maturity
Term
1 year
Interest
+$455
Min.
$5K
CommBank
Standard Term Deposit
4.50%
At Maturity
Term
1 year
Interest
+$450
Min.
$10K
ANZ
ANZ Advance Notice Term Deposit
4.35%
At Maturity
Term
1 year
Interest
+$435
Min.
$5K
Bendigo Bank
Standard Term Deposit
3.80%
At Maturity
Term
1 year
Interest
+$380
Min.
$5K
Westpac
Term Deposit
3.55%
At Maturity
Term
1 year
Interest
+$355
Min.
$5K
HSBC
AUD Term Deposit
3.40%
At Maturity
Term
1 year
Interest
+$340
Min.
$5K
| Bank | Rate ↓ | Term | Total Interest | Min Deposit | Action | |
|---|---|---|---|---|---|---|
Heartland Term Deposit | 4.93% At Maturity | 1 year | +$493on $10,000 | $5K | Go to Site | |
Macquarie Macquarie Term Deposit | 4.90% At Maturity | 1 year | +$490on $10,000 | $5K | Go to Site | |
Unity Bank Term Deposit | 4.90% At Maturity | 1 year | +$490on $10,000 | $1K | Go to Site | |
G&C Mutual Bank Term Deposit | 4.90% At Maturity | 1 year | +$490on $10,000 | $1K | Go to Site | |
Judo Bank Personal Term Deposits | 4.85% At Maturity | 1 year | +$485on $10,000 | $1K | Go to Site | |
ING Personal Term Deposits | 4.80% At Maturity | 1 year | +$480on $10,000 | $10K | Go to Site | |
Qudos Bank Term Deposits | 4.80% At Maturity | 1 year | +$480on $10,000 | $5K | Go to Site | |
Bank Australia Term Deposit 12 months | 4.80% At Maturity | 1 year | +$480on $10,000 | $500 | Go to Site | |
Australian Military Bank Investment Plus | 4.75% At Maturity | 1 year | +$475on $10,000 | $1K | Go to Site | |
Great Southern Bank Standard Rate Term Deposit 1-12 months | 4.75% At Maturity | 1 year | +$475on $10,000 | $5K | Go to Site | |
NAB NAB Term Deposit | 4.70% At Maturity | 1 year | +$470on $10,000 | $5K | Go to Site | |
Newcastle Permanent Term Deposit | 4.70% At Maturity | 1 year | +$470on $10,000 | $1K | Go to Site | |
Bank of Queensland Premier Investment Term Deposit | 4.65% At Maturity | 1 year | +$465on $10,000 | $5K | Go to Site | |
Rabobank Online Term Deposit | 4.55% At Maturity | 1 year | +$455on $10,000 | $1K | Go to Site | |
IMB Bank SpecialTerm Deposit | 4.55% At Maturity | 1 year | +$455on $10,000 | $5K | Go to Site | |
CommBank Standard Term Deposit | 4.50% At Maturity | 1 year | +$450on $10,000 | $10K | Go to Site | |
ANZ ANZ Advance Notice Term Deposit | 4.35% At Maturity | 1 year | +$435on $10,000 | $5K | Go to Site | |
Bendigo Bank Standard Term Deposit | 3.80% At Maturity | 1 year | +$380on $10,000 | $5K | Go to Site | |
Westpac Term Deposit | 3.55% At Maturity | 1 year | +$355on $10,000 | $5K | Go to Site | |
HSBC AUD Term Deposit | 3.40% At Maturity | 1 year | +$340on $10,000 | $5K | Go to Site |
Term Deposit Market - March 2026
Term deposits offer a guaranteed return by locking your funds for a fixed period. We track 31 term deposit products daily.
The current top rate of 5.10% p.a. on a 5-year term (from $1,000,000.01) is offered by Rabobank (Online Term Deposit).
Financial Claims Scheme: Deposits with APRA-regulated ADIs are protected up to $250,000 per depositor per ADI group.
Common Questions
Term Deposit FAQs
What is the best term deposit rate in Australia?
The highest term deposit rate currently available is 5.10% p.a. Rates vary by term length and institution, so compare options to find the best rate for your preferred term.
What happens when my term deposit matures?
When your term deposit matures, you can withdraw your funds plus interest, reinvest for another term, or let it rollover automatically. Most banks notify you before maturity with your options.
Can I withdraw money from a term deposit early?
Early withdrawal from a term deposit usually incurs a penalty, such as reduced interest. Some banks may not allow early access at all. Check the terms before opening your account.