The SWSbank 24 Month Term Deposit pays up to 4.80% p.a. as of 18 September 2026, over a 24-month term, 133rd of 394 24-month deposits tracked by BankMate. Interest is paid annually or monthly, from a $500 deposit. Its rates last changed on 11 June 2026.
4.80%p.a. · 2 years
interest annually or monthly; from $500
Early withdrawal is not allowed.
Rates over time
Best rate per term- 2 years
- RBA cash rate
- Market average · 12-month deposits
Changes
1 change since 12 May 2026- 24 Month Term Deposit · 6 terms cut 0.45−0.45
- 24-month 5.25 → 4.80
- 24-month 5.25 → 4.80
- 24-month 5.25 → 4.80
- 24-month 5.25 → 4.80
- 24-month 5.25 → 4.80
- 24-month 5.25 → 4.80
Rates by term
Ranked within each term- 2 years
- 4.80% · #133 of 394 24-month deposits
Deposit
- Minimum deposit
- $500
- Maximum deposit
- $9,999,999
Interest
- Paid
- Annually or Monthly
- Compounding
- monthly
Early withdrawal
- Before maturity
- Not allowed