Term deposits
Rates by term, deposit size and how often interest is paid.
621 term deposits from 79 banks, read every night from what each one publishes under the Consumer Data Right.
Go to every term depositEvery institution's best rate, today
As published on 7 November 2026What are the best term deposit rates today?
As of 7 November 2026, the highest term deposit rates open to anyone are 5.30% for 3 months, 5.47% for 6 months, 5.75% for 12 months, 5.60% for 2 years, 5.60% for 3 years and 5.65% for 5 years. The typical institution's best 12-month rate is 5.30%, across 65 of them.
Each institution counts once, at its best product anyone can apply for, so the typical figure is the middle one: half do better, half worse. Pick a rate to see every product behind it.
| Rate | Best anywhere | Typical institution |
|---|---|---|
| 3-month term depositBest rate for 3 months | 5.30%Heartland Bank's Broker Term Deposit | 4.60%of 55 institutions |
| 6-month term depositBest rate for 6 months | 5.47%Heartland Bank's Broker Term Deposit | 5.10%of 63 institutions |
| 12-month term depositBest rate for 12 months | 5.75%Suncorp Bank's Term Deposit | 5.30%of 65 institutions |
| 2-year term depositBest rate for 2 years | 5.60%Judo Bank's Personal Term Deposits | 4.90%of 55 institutions |
| 3-year term depositBest rate for 3 years | 5.60%Judo Bank's Personal Term Deposits | 4.25%of 44 institutions |
| 5-year term depositBest rate for 5 years | 5.65%Judo Bank's Personal Term Deposits | 4.00%of 27 institutions |
Term deposits, highest rate first
As of 7 November 2026, the highest 12-month term deposit rate open to anyone is 5.75%, from Suncorp Bank's Term Deposit.
| Product | 12-month ratehighest first | Min deposit | Early withdrawal | Terms offered |
|---|---|---|---|---|
| Suncorp Bank Term Deposit | 5.75% | $5,000 | Adjustment based on proportion of term completed. Proportion of term completed: 0%-25%, Adjustment: 80% of interest earned up to the date we will allow you to withdraw your deposit; Proportion of ter… | 17 |
| AMP Bank GO AMP Bank GO 12 Month Term Deposit | 5.70% | $5,000 | - | 1 |
| Heartland Bank Broker Term Deposit | 5.62% | $5,000 | If you redeem your Term Deposit early, the amount of interest paid will be the interest accrued based on the interest rate on the day we opened your account less a reduction in interest earned based… | 9 |
| Heartland Bank Term Deposit | 5.62% | $5,000 | If you redeem your Term Deposit early, the amount of interest paid will be the interest accrued based on the interest rate on the day we opened your account less a reduction in interest earned based… | 9 |
| Bank Australia Term Deposit 12 months | 5.60% | $500 | Any request for early release of funds from the term deposit will be subject to 31 days' notice. If regular access to funds is required, another account may be more suitable. The request for early wi… | 1 |
| Qudos Bank Term Deposits | 5.60% | $10,000 | You may withdraw the balance of your term deposit early by giving us 31 days notice. However if you do, we will reduce the interest on the term deposit from the date it was opened until the date of w… | 6 |
| Dnister Bank Term Deposit - 12 Months | 5.55% | $1,000 | - | 1 |
| Alex.Bank Term Deposit - Intermediary | 5.50% | $10,000 | - | 9 |
| Bank Australia Monthly Term Deposit 12 months | 5.50% | $500 | Any request for early release of funds from the term deposit will be subject to 31 days' notice. If regular access to funds is required, another account may be more suitable. The request for early wi… | 1 |
| Unity Bank Term Deposit | 5.50% | $1,000 | - | 19 |
| Judo Bank Personal Term Deposits | 5.45% | $1,000 | - | 16 |
| QBANK Term Deposit 12 Month | 5.45% | $2,000 | - | 1 |
| AMB Bank Product Investment Plus | 5.40% | $1,000 | - | 34 |
| BNK Bank (Goldfields Money/BCHL) Stow It Term Deposit Account | 5.40% | $5,000 | withdraw part or all of the balance before the maturity date, the interest you receive on the amount withdrawn may be reduced based on the term elapsed as a percentage of the total term. This is the… | 12 |
| Warwick Credit Union FIXED TERM DEPOSITS | 5.40% | $200,000 | - | 1 |
| Greater Bank Term Investment - Interest @ Maturity | 5.40% | $1,000 | - | 13 |
| Macquarie Macquarie Digital Term Deposit | 5.40% | $25,000 | - | 4 |
| Macquarie Macquarie Term Deposit | 5.40% | $5,000 | The break fee equals 25% of interest accrued on your Term Deposit as at the date of closure and will be deducted from the total interest payable to you. | 11 |
| RSL Money Prod RSL Member Income Plus | 5.40% | $1,000 | Early Withdrawal fee depends on portion of term remaining which determines interest rate reduction. Fee is based on balance and interest rate reduction is between 20% and 90%. Refer to Fees and Charg… | 10 |
| RSL Money Prod RSL Member Investment Plus | 5.40% | $1,000 | Early Withdrawal fee depends on portion of term remaining which determines interest rate reduction. Fee is based on balance and interest rate reduction is between 20% and 90%. Refer to Fees and Charg… | 34 |
| RSL Money Prod RSL Sub-Branch Income Plus | 5.40% | $1,000 | Early Withdrawal fee depends on portion of term remaining which determines interest rate reduction. Fee is based on balance and interest rate reduction is between 20% and 90%. Refer to Fees and Charg… | 10 |
| RSL Money Prod RSL Sub-Branch Investment Plus | 5.40% | $1,000 | Early Withdrawal fee depends on portion of term remaining which determines interest rate reduction. Fee is based on balance and interest rate reduction is between 20% and 90%. Refer to Fees and Charg… | 34 |
| UniBank Term Deposit for Edvest Members | 5.40% | $1,000 | - | 27 |
| Australian Mutual Bank Term Deposit for Customers | 5.35% | $1,000 | - | 27 |
| bankWAW Limited Offer 12 months | 5.35% | $1,000 | https://www.bankwaw.com.au/Support/Disclosure-Documents/Products-and-Services-Terms-and-Conditions | 1 |
| BOQ Specialist Term Deposit | 5.35% | $1,000 | - | 11 |
| Firefighters Mutual Bank Term Deposit for Customers | 5.35% | $1,000 | - | 27 |
| Health Professionals Bank Term Deposit for Customers | 5.35% | $1,000 | - | 27 |
| Orange Credit Union Ltd 12MTH FIXED TERM DEPOSIT WEALTH BUILDER | 5.35% | $50,000 | $30 | 1 |
| Police Credit Union Limited ADELAIDE TERM DEPOSIT | 5.35% | $5,000 | An early withdrawal penalty of a 50% reduction of the total interest earned on the amount to be | 9 |
| Police Credit Union Limited CONTACT TERM DEPOSIT | 5.35% | $5,000 | An early withdrawal penalty of a 50% reduction of the total interest earned on the amount to be | 9 |
| Police Credit Union Limited MARION TERM DEPOSIT | 5.35% | $5,000 | An early withdrawal penalty of a 50% reduction of the total interest earned on the amount to be | 8 |
| Police Credit Union Limited MT BARKER TERM DEPOSIT | 5.35% | $5,000 | An early withdrawal penalty of a 50% reduction of the total interest earned on the amount to be | 9 |
| Police Credit Union Limited MT GAMBIER TRM DEPOSIT | 5.35% | $5,000 | An early withdrawal penalty of a 50% reduction of the total interest earned on the amount to be | 9 |
| Police Credit Union Limited PALMERSTON TRM DEPOSIT | 5.35% | $5,000 | An early withdrawal penalty of a 50% reduction of the total interest earned on the amount to be | 9 |
| Police Credit Union Limited TTP TERM DEPOSIT | 5.35% | $5,000 | An early withdrawal penalty of a 50% reduction of the total interest earned on the amount to be | 9 |
| Police Credit Union Limited YORKETOWN TERM DEPOSIT | 5.35% | $5,000 | An early withdrawal penalty of a 50% reduction of the total interest earned on the amount to be | 10 |
| Rabobank Online Term Deposit | 5.35% | $1,000 | If you would like to withdraw your Term Deposit prior to maturity, you will be required to provide us with at least 31 calendar days' notice and pay an early withdrawal fee unless we determine that y… | 11 |
| RACQ Bank Term Deposit | 5.35% | $1,000 | If you withdraw your Term Deposit before the maturity date, an Early Redemption fee (i.e. Early redemption interest adjustment) will apply based on the proportion of the term completed. An early rede… | 16 |
| Teachers Mutual Bank Term Deposit for Customers | 5.35% | $1,000 | - | 27 |
| UniBank Term Deposit | 5.35% | $1,000 | - | 27 |
| UniBank Term Deposit for Customers | 5.35% | $1,000 | - | 27 |
| Alex.Bank Term Deposit - Direct | 5.30% | $5,000 | - | 8 |
| Alex.Bank Term Deposit - Partners | 5.30% | $10,000 | - | 8 |
| ANZ ANZ Advance Notice Term Deposit | 5.30% | $5,000 | $30 | 16 |
| AMB Bank Product Income Plus | 5.30% | $1,000 | - | 10 |
| Bank of us FIXED TERM INVESTMENT | 5.30% | $5,000 | The interest rate is re-calculated on the amount being withdrawn according to the following rules, where the current term is divided into three equal periods. Withdrawal and early redemptions prior t… | 30 |
| BankVic Term Deposit 12 Months | 5.30% | $5,000 | We do not charge a fee for early withdrawal, however, we will reduce the interest rate to the rate payable on the Everyday account. | 1 |
| Bankwest Bankwest Term Deposit | 5.30% | $1,000 | - | 16 |
| bcu 12 Month Term Deposit | 5.30% | $1,000 | - | 1 |
119 of 621 term deposits match these filters. 157 with restricted eligibility (staff, profession, age, green or business-only) are hidden.
Published by each institution under the Consumer Data Right, last changed by them on 7 Nov 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.