Term deposit reportTerm deposit rates in Australia, month by month
One dated edition a month from the banks' own open-banking feeds.
Every edition
- Nov 2026Live5.60%4.55%0.00Held at 4.60%2,367
- Oct 20265.60%4.53%+0.10Held at 4.60%2,367 · 116 added
- Sep 20265.50%4.42%+0.03Rose to 4.60% · 30 Sep2,251 · 483 added
- Aug 20265.40%4.53%−0.02Held at 4.35%1,768 · 44 added
- Jul 20265.50%4.56%−0.04Held at 4.35%1,724 · 56 added
- Jun 20265.55%4.61%0.00Held at 4.35%1,668 · 50 added
- May 20265.50%4.61%+0.03Rose to 4.35% · 6 May1,618 · 251 added
- Apr 2026Tracking began5.55%4.57%—Held at 4.10%1,367
1-year covers terms from 11 to 13 months. The average is every 1-year deposit tracked at the month's end; its change is measured on the deposits tracked for the whole month, so a batch of newly tracked deposits never reads as a move. As of 1 November 2026, the highest 12-month term deposit rate tracked by BankMate is 5.60% p.a. from Bank Australia, and the highest at any term is 5.65% for 10 months from Judo Bank.