Alex.Bank term deposits
Alex.Bank has one term deposit that BankMate tracks, with 13 options: eight terms from 6 months to 5 years, interest paid at maturity, monthly or annually.
Term deposit · 8 terms
Term Deposit - Direct
5.30%p.a. · 1 year
interest at maturity or annually or monthly; from $5,000
52nd of 401 12-month deposits
Rates by term and how interest is paid
- At maturity5.10%
- Monthly–
- Annually–
- Terms
- 6 months to 5 years
- Minimum deposit
- $5,000
- Maximum deposit
- $250,000
- To break it early
- 31 days' notice
- 6 months
- 5.10% · #64 of 180 6-month deposits
- 9 months
- 4.75% · #58 of 149 9-month deposits
- 1 year
- 5.30% · #52 of 401 12-month deposits
- 18 months
- 5.00% · #7 of 86 18-month deposits
- 2 years
- 5.00% · #73 of 255 24-month deposits
- 3 years
- 5.00% · #48 of 221 36-month deposits
- 4 years
- 5.00% · #30 of 125 48-month deposits
- 5 years
- 5.00% · #31 of 124 60-month deposits
- Minimum deposit
- $5,000
- Maximum deposit
- $250,000
- Paid
- At maturity or Annually or Monthly
- Notice
- 31 days' notice
- Before maturity
- you will need to give us 31 calendar days' advance notice in writing unless financial hardship applies. … If you withdraw your funds prior to maturity, we will apply an Interest Adjustment. … Reduction to be applied as a percentage of your term deposit interest earned: less than 20% of term elapsed 90%; 20% to under 40% 80%; 40% to under 60% 60%; 60% to under 80% 40%; 80% to 100% 20%. … The Interest Adjustment set out above will not apply if you are suffering hardship.
- Read from
- Alex.Bank's own site, 28 October 2026
October 20264 changes
- 30Fri
- 12-month, paid at maturity: 5.40 → 5.30−0.10
- 20Tue
- 6-month, paid at maturity: 4.90 → 5.1020 days after the RBA rise to 4.60%+0.20
- 13Tue
- 6-month, paid at maturity: 5.10 → 4.90−0.20
- 2Fri
- 12-month, paid at maturity: 5.25 → 5.402 days after the RBA rise to 4.60%+0.15
September 20262 changes
- 25Fri
- 12-month, paid at maturity: 5.15 → 5.25+0.10
- 7Mon
- 5 terms moved in both directions−0.10 to +0.20
12-month, paid at maturity 5.25 5.15 −0.10 24-month, paid monthly 4.70 4.90 +0.20 24-month, paid annually 4.80 5.00 +0.20 36-month, paid monthly 4.70 4.90 +0.20 36-month, paid annually 4.80 5.00 +0.20 48-month, paid monthly 4.70 4.90 +0.20 48-month, paid annually 4.80 5.00 +0.20 60-month, paid monthly 4.70 4.90 +0.20 60-month, paid annually 4.80 5.00 +0.20
May 20261 change
- 15Fri
- 5 terms cut 0.10 to 0.55−0.55 to −0.10
12-month, paid at maturity 5.35 5.25 −0.10 24-month, paid monthly 5.25 4.70 −0.55 24-month, paid annually 5.35 4.80 −0.55 36-month, paid monthly 5.25 4.70 −0.55 36-month, paid annually 5.35 4.80 −0.55 48-month, paid monthly 5.25 4.70 −0.55 48-month, paid annually 5.35 4.80 −0.55 60-month, paid monthly 5.00 4.70 −0.30 60-month, paid annually 5.10 4.80 −0.30
April 20261 change
- 17Fri
- 3 terms up 0.3530 days after the RBA rise to 4.10%+0.35
12-month, paid at maturity 5.00 5.35 +0.35 24-month, paid monthly 4.90 5.25 +0.35 24-month, paid annually 5.00 5.35 +0.35 36-month, paid monthly 4.90 5.25 +0.35 36-month, paid annually 5.00 5.35 +0.35
Alex gets you a competitive interest rate on your term deposit. Origination via invite only.
Notes on Alex.Bank term deposits
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As of 1 November 2026, Alex.Bank has one term deposit product tracked by BankMate, over eight terms from 6 months to 5 years. Its highest rate is 5.30% p.a. on the Term Deposit - Direct for 1 year, 52nd of 401 12-month deposits — a term deposit rate means nothing without its term, so each deposit is ranked only against others of the same term. Its rates last changed on 30 October 2026. From the provider's Consumer Data Right feed, refreshed nightly.