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Best Short Term (≤6 months)

Top rates for short lock-up periods of 6 months or less

⚡

Best Short Term (≤6 months)

#1
🏦
Term Deposit
RACQ BankLive
5.45%6 months
+

Rate Details

Interest rate5.45%
Term6 months
Interest paidAnnually

Details

💰Minimum deposit
$0
🚫Early withdrawal
Not allowed
🔄Compounding
monthly
#2
🏦
Term Deposit
HeartlandLive
5.30%6 months
+

Rate Details

Interest rate5.30%
Term6 months
Interest paidAnnually

Details

💰Minimum deposit
$5,000
🚫Early withdrawal
Not allowed
🔄Compounding
monthly
#3
🏦
Term Deposit 6 months
Bank AustraliaLive
5.30%6 months
+

Rate Details

Interest rate5.30%
Term6 months
Interest paidAnnually

Details

💰Minimum deposit
$500
📊Maximum deposit
$1,000,000
✅Early withdrawal
Allowed
Early Withdrawal: If you want to withdraw your TD prior to maturity, you are required to provide 31 days' prior notice. You may incur an interest adjustment and a Term Deposit early withdrawal admin fee.
🔄Compounding
monthly
#4
🏦
Term Deposit 6 months
Bank AustraliaLive
5.30%6 months
+

Rate Details

Interest rate5.30%
Term6 months
Interest paidAnnually

Details

💰Minimum deposit
$500
📊Maximum deposit
$1,000,000
✅Early withdrawal
Allowed
Early Withdrawal: If you want to withdraw your TD prior to maturity, you are required to provide 31 days' prior notice. You may incur an interest adjustment and a Term Deposit early withdrawal admin fee.
🔄Compounding
monthly
#5
🏦
180 Day Term Deposit
Bank FirstLive
5.25%6 months
+

Rate Details

Interest rate5.25%
Term6 months
Interest paidAt maturity

Details

💰Minimum deposit
$500
📊Maximum deposit
$9,999,999.99
🚫Early withdrawal
Not allowed
🔄Compounding
monthly
#6
🏦
Term Deposit
RACQ BankLive
5.25%3 months
+

Rate Details

Interest rate5.25%
Term3 months
Interest paidQuarterly

Details

💰Minimum deposit
$0
🚫Early withdrawal
Not allowed
🔄Compounding
monthly
#7
🚀
Term Deposit
MOVE BankLive
5.25%6 months
+

Rate Details

Interest rate5.25%
Term6 months
Interest paidAt maturity

Details

💰Minimum deposit
$0
🚫Early withdrawal
Not allowed
🔄Compounding
monthly
#8
🏦
Six Month term deposit
Geelong BankLive
5.20%6 months
+

Rate Details

Interest rate5.20%
Term6 months
Interest paidAt maturity

Details

💰Minimum deposit
$500
📊Maximum deposit
$1,000,000
🚫Early withdrawal
Not allowed
🔄Compounding
monthly
#9
🏠
ME Go Term Deposit
ME Bank - ME GoLive
5.20%6 months
+

Rate Details

Interest rate5.20%
Term6 months
Interest paidAt maturity

Details

💰Minimum deposit
$0
✅Early withdrawal
Allowed
31 days prior notice required if you want to access your funds prior to the maturity date with an Early Withdrawal Interest Adjustment
🔄Compounding
monthly
#10
🏠
Term Deposit Online 6M (Interest at Maturity)
Hume BankLive
5.20%6 months
+

Rate Details

Interest rate5.20%
Term6 months
Interest paidAt maturity

Details

💰Minimum deposit
$1,000
📊Maximum deposit
$1,000,000
🚫Early withdrawal
Not allowed
🔄Compounding
monthly
#11
🏦
Six Month term deposit
Geelong BankLive
5.20%6 months
+

Rate Details

Interest rate5.20%
Term6 months
Interest paidAt maturity

Details

💰Minimum deposit
$500
📊Maximum deposit
$1,000,000
🚫Early withdrawal
Not allowed
🔄Compounding
monthly
#12
🏦
Term Deposit 6 Month
QBANKLive
5.20%6 months
+

Rate Details

Interest rate5.20%
Term6 months
Interest paidAt maturity

Details

💰Minimum deposit
$250,000
📊Maximum deposit
$9,999,999
🚫Early withdrawal
Not allowed
🔄Compounding
monthly
#13
🏦
Stow It Term Deposit Account
BNK Bank (Goldfields Money/BCHL)Live
5.20%6 months
+

Rate Details

Interest rate5.20%
Term6 months
Interest paidAnnually

Details

💰Minimum deposit
$0
🚫Early withdrawal
Not allowed
#14
🏦
Monthly Term Deposit 6 months
Bank AustraliaLive
5.20%6 months
+

Rate Details

Interest rate5.20%
Term6 months
Interest paidMonthly

Details

💰Minimum deposit
$500
📊Maximum deposit
$1,000,000
✅Early withdrawal
Allowed
Monthly income term deposit redemptions prior to the expiry of the agreed term will be approved with 31 days' notice. During the notice period, no interest will be earned on the portion of the term deposit being withdrawn and a Term Deposit early withdrawal admin fee may apply.
🔄Compounding
monthly
#15
🚀
Term Deposit
MOVE BankLive
5.20%5 months
+

Rate Details

Interest rate5.20%
Term5 months
Interest paidAt maturity

Details

💰Minimum deposit
$0
🚫Early withdrawal
Not allowed
🔄Compounding
monthly
#16
💳
Personal Term Deposits
INGLive
5.20%6 months
+

Rate Details

Interest rate5.20%
Term6 months
Interest paidAt maturity

Details

💰Minimum deposit
$0
🚫Early withdrawal
Not allowed
🔄Compounding
monthly
#17
💼
Macquarie Term Deposit
Macquarie Bank LimitedLive
5.20%6 months
+

Rate Details

Interest rate5.20%
Term6 months
Interest paidAnnually

Details

💰Minimum deposit
$0
🚫Early withdrawal
Not allowed
🔄Compounding
monthly
#18
🏦
55 Term Deposit - 6M Mthly
BCU BankLive
5.20%6 months
+

Rate Details

Interest rate5.20%
Term6 months
Interest paidMonthly

Details

💰Minimum deposit
$5,000
📊Maximum deposit
$1,000,000
🚫Early withdrawal
Not allowed
🔄Compounding
monthly
#19
💼
Macquarie Term Deposit
Macquarie Bank LimitedLive
5.20%6 months
+

Rate Details

Interest rate5.20%
Term6 months
Interest paidAnnually

Details

💰Minimum deposit
$0
🚫Early withdrawal
Not allowed
🔄Compounding
monthly
#20
🏦
Six Month term deposit
Geelong BankLive
5.20%6 months
+

Rate Details

Interest rate5.20%
Term6 months
Interest paidAt maturity

Details

💰Minimum deposit
$500
📊Maximum deposit
$1,000,000
🚫Early withdrawal
Not allowed
🔄Compounding
monthly
#21
🏠
Term Deposit 6M (Interest at Maturity)
Hume BankLive
5.20%6 months
+

Rate Details

Interest rate5.20%
Term6 months
Interest paidAt maturity

Details

💰Minimum deposit
$1,000
📊Maximum deposit
$1,000,000
🚫Early withdrawal
Not allowed
🔄Compounding
monthly
#22
🏦
Monthly Term Deposit 6 months
Bank AustraliaLive
5.20%6 months
+

Rate Details

Interest rate5.20%
Term6 months
Interest paidMonthly

Details

💰Minimum deposit
$500
📊Maximum deposit
$1,000,000
✅Early withdrawal
Allowed
Monthly income term deposit redemptions prior to the expiry of the agreed term will be approved with 31 days' notice. During the notice period, no interest will be earned on the portion of the term deposit being withdrawn and a Term Deposit early withdrawal admin fee may apply.
🔄Compounding
monthly
#23
🏦
Stow It Term Deposit Account
BNK Bank (Goldfields Money/BCHL)Live
5.20%5 months
+

Rate Details

Interest rate5.20%
Term5 months
Interest paidAnnually

Details

💰Minimum deposit
$0
🚫Early withdrawal
Not allowed
#24
🏦
Six Month term deposit
Geelong BankLive
5.20%6 months
+

Rate Details

Interest rate5.20%
Term6 months
Interest paidAt maturity

Details

💰Minimum deposit
$500
📊Maximum deposit
$1,000,000
🚫Early withdrawal
Not allowed
🔄Compounding
monthly
#25
🏦
6 Month Term Deposit
P&N BankLive
5.20%6 months
+

Rate Details

Interest rate5.20%
Term6 months
Interest paidAnnually

Details

💰Minimum deposit
$5,000
📊Maximum deposit
$1,000,000
🚫Early withdrawal
Not allowed
🔄Compounding
monthly

These rankings rate every term deposits on one figure. Answer a few questions to see the ones that fit you →

As of 16 September 2026, the highest term deposit rate for terms of 6 months or less tracked by BankMate is 5.45% p.a. for 6 months from RACQ Bank (Term Deposit). How we rank →