The Alex.Bank Term Deposit - Direct pays up to 5.15% p.a. as of 18 September 2026, over a 12-month term, 115th of 590 12-month deposits tracked by BankMate. It is offered over six terms from 9 months to 5 years, with interest paid annually or monthly, from a $5,000 deposit. Its rates last changed on 7 September 2026.
5.15%p.a. · 1 year
interest annually or monthly; from $5,000
Rates over time
Best rate per term- RBA cash rate
- Market average · 12-month deposits
- 9 months
- 1 year
- 2 years
- 3 years
- 5 years
- 4 years
Changes
3 changes since 9 Apr 2026- Term Deposit - Direct · 10 terms moved in both directionsmixed
- 12-month 5.25 → 5.15
- 12-month 5.15 → 5.05
- 24-month 4.80 → 5.00
- 24-month 4.70 → 4.90
- 36-month 4.80 → 5.00
- 36-month 4.70 → 4.90
- 48-month 4.80 → 5.00
- 48-month 4.70 → 4.90
- 60-month 4.80 → 5.00
- 60-month 4.70 → 4.90
- Term Deposit - Direct · 10 terms cut 0.10 to 0.55mixed
- 12-month 5.35 → 5.25
- 12-month 5.25 → 5.15
- 24-month 5.35 → 4.80
- 24-month 5.25 → 4.70
- 36-month 5.35 → 4.80
- 36-month 5.25 → 4.70
- 48-month 5.35 → 4.80
- 48-month 5.25 → 4.70
- 60-month 5.10 → 4.80
- 60-month 5.00 → 4.70
- Term Deposit - Direct · 6 terms up 0.3530 days after the RBA rise to 4.10%+0.35
- 12-month 5.00 → 5.35
- 12-month 4.90 → 5.25
- 24-month 5.00 → 5.35
- 24-month 4.90 → 5.25
- 36-month 5.00 → 5.35
- 36-month 4.90 → 5.25
Rates by term
Ranked within each term- 9 months
- 4.75% · #138 of 500 9-month deposits
- 1 year
- 5.15% · #115 of 590 12-month deposits
- 2 years
- 5.00% · #65 of 394 24-month deposits
- 3 years
- 5.00% · #36 of 345 36-month deposits
- 5 years
- 5.00% · #26 of 152 60-month deposits
- 4 years
- 5.00% · #23 of 157 48-month deposits
Deposit
- Minimum deposit
- $5,000
- Maximum deposit
- $250,000
Interest
- Paid
- Annually or Monthly
Early withdrawal
- Before maturity
- Allowed · 31 calendar days' advance notice in writing unless financial hardship applies. An interest or principal adjustment may be applicable.
About this product
Alex gets you a competitive interest rate on your term deposit. Origination via invite only.