Term deposit · 6 terms
Term Deposit
5.60%p.a. · 1 year
interest at maturity or monthly or annually; from $500
1st of 401 12-month deposits
Rates by term and how interest is paid
- At maturity5.10%
- Monthly–
- Annually–
- Terms
- 3 months to 3 years
- Minimum deposit
- $500
- Maximum deposit
- $3,000,000
- To break it early
- 31 days' notice
- 3 months
- 5.10% · #6 of 164 3-month deposits
- 6 months
- 5.30% · #10 of 180 6-month deposits
- 9 months
- 5.30% · #13 of 149 9-month deposits
- 1 year
- 5.60% · #1 of 401 12-month deposits
- 2 years
- 5.40% · #7 of 255 24-month deposits
- 3 years
- 5.40% · #3 of 221 36-month deposits
- Minimum deposit
- $500
- Maximum deposit
- $3,000,000
- Paid
- At maturity or Monthly or Annually
- Compounding
- daily or monthly
- Notice
- 31 days' notice
- Before maturity
- Any request for withdrawal of funds from the term deposit prior to its maturity will be subject to 31 days' notice. … an early release prepayment adjustment to the interest rate will apply and a Term Deposit early withdrawal admin fee may apply. … Percentage of term elapsed / Adjustment to be applied as a % of your interest rate: 0% to less than 20% 90%; 20% to less than 40% 80%; 40% to less than 60% 60%; 60% to less than 80% 40%; 80% to less than 100% 20%
- Read from
- Bank Australia's own site, 28 October 2026
October 20261 change
- 28Wed
- 12-month up 0.1028 days after the RBA rise to 4.60%+0.10
12-month, paid at maturity 5.50 5.60 +0.10 12-month, paid monthly 5.40 5.50 +0.10
September 20264 changes
- 23Wed
- 2 terms up 0.05 to 0.20+0.05 to +0.20
3-month, paid at maturity 5.05 5.10 +0.05 9-month, paid at maturity 5.10 5.30 +0.20
- 16Wed
- 12-month, paid monthly: 5.30 → 5.40+0.10
- 9Wed
- 12-month, paid monthly: 5.25 → 5.30+0.05
- 2Wed
- 2 terms up 0.10+0.10
6-month, paid at maturity 5.20 5.30 +0.10 12-month, paid monthly 5.15 5.25 +0.10
August 20261 change
- 26Wed
- 2 terms moved in both directions−0.05 to +0.05
3-month, paid at maturity 5.00 5.05 +0.05 12-month, paid monthly 5.20 5.15 −0.05
July 20262 changes
- 9Thu
- 12-month, paid monthly: 5.30 → 5.20−0.10
- 1Wed
- 12-month, paid monthly: 5.35 → 5.30−0.05
The fixed term deposit making a positive difference to more than just your bank balance.
Also from Bank Australia: Impact Term Deposit 6 months 5.30% p.a. · 6 mo
The Bank Australia Term Deposit pays up to 5.60% p.a. as of 1 November 2026, over a 12-month term, 1st of 401 12-month deposits tracked by BankMate. It is offered over six terms from 3 months to 3 years, with interest paid at maturity or monthly or annually, from a $500 deposit. Its rates last changed on 28 October 2026. From the provider's Consumer Data Right feed, refreshed nightly.