Horizon Bank term deposits

Horizon Bank has one term deposit that BankMate tracks, with nine terms from 1 month to 3 years, interest paid at maturity or annually.

Term deposit · 9 terms

Term Deposit

5.10%p.a. · 1 year

interest at maturity or annually; from $1,000

160th of 401 12-month deposits

Rates by term and how interest is paid

  • At maturity2.00%
  • Annually–
Terms
1 month to 3 years
Minimum deposit
$1,000
Maximum deposit
$10,000,000
Compare all 294 term deposits

1 month
2.00% · #13 of 62 1-month deposits
2 months
2.00% · #16 of 68 2-month deposits
3 months
4.60% · #60 of 164 3-month deposits
4 months
4.80% · #19 of 88 4-month deposits
6 months
4.90% · #91 of 180 6-month deposits
9 months
5.00% · #51 of 149 9-month deposits
1 year
5.10% · #160 of 401 12-month deposits
2 years
4.90% · #100 of 255 24-month deposits
3 years
4.50% · #87 of 221 36-month deposits

Minimum deposit
$1,000
Maximum deposit
$10,000,000

Paid
At maturity or Annually
Compounding
daily

Before maturity
Withdrawals prior to the maturity date are permitted, however money withdrawn early from a term deposit will be paid at an adjusted rate of interest. The adjusted rate is based on the percentage of the original term remaining. Example: If 25% of the original term is remaining, the contracted interest rate will be reduced by 25%. … Only one early withdrawal from the Term Deposit is allowed.
Read from
Horizon Bank's own site, 28 October 2026

October 20261 change

  1. 7Wed
    • 5 terms up 0.10 to 0.207 days after the RBA rise to 4.60%
      3-month, paid at maturity4.404.60+0.20
      4-month, paid at maturity4.604.80+0.20
      6-month, paid at maturity4.804.90+0.10
      9-month, paid at maturity4.905.00+0.10
      12-month, paid at maturity5.005.10+0.10
      +0.10 to +0.20

September 20261 change

  1. 1Tue
    • 5 terms cut 0.10 to 0.15
      3-month, paid at maturity4.504.40−0.10
      4-month, paid at maturity4.704.60−0.10
      6-month, paid at maturity4.904.80−0.10
      9-month, paid at maturity5.004.90−0.10
      12-month, paid at maturity5.155.00−0.15
      −0.15 to −0.10

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Notes on Horizon Bank term deposits

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As of 1 November 2026, Horizon Bank has one term deposit product tracked by BankMate, over nine terms from 1 month to 3 years. Its highest rate is 5.10% p.a. on the Term Deposit for 1 year, 160th 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 7 October 2026. From the provider's Consumer Data Right feed, refreshed nightly.