Bank Australia
Monthly Term Deposit 6 months
The fixed term deposit making a positive difference to more than just your bank balance.
Term depositsBank updated 1 Sept 2026
At a glance
- Best rate
- 5.20% for 6m
- Min deposit
- $500
§ 01 — Rates · 2
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedInterest rates expressed as annual percentage rates. The interest rates shown are for an amount of $500 to $3,000,000 for personal customers. For commercial customers the interest rates shown are for… | — | 6 mo | $500–$1,000,000 | 5.20% | — | paid every 1 mo |
| FixedInterest rates expressed as annual percentage rates. The interest rates shown are for an amount of $500 to $3,000,000 for personal customers. For commercial customers the interest rates shown are for… | — | 6 mo | $500–$3,000,000 | 5.20% | — | paid every 1 mo |
§ 02 — Fees · 12
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Inwards Payment fee | Deposit | No fee | — | International money transfer from overseas (other fees may be charged by participating banks involved in the transaction or settlement). The cost is per transaction. |
| Certificates supplied by the bank | Event | $5 | — | A fee for comprehensive certificates supplied for audit. The cost is $5 per page and $25 per hour. |
| Company/business name searches | Event | $40 | — | When we conduct a search of the ASIC register to obtain information about the ownership of a company in administration of an account. The cost is per search. |
| Duplicate statement fee | Event | $5 | — | $5 per statement (for period more than 3 months before request). A fee that may be charged if you order a copy of a statement that has already been issued on your account. This fee per statement and… |
| Security token fee | Event | $50 | — | When you request that we provide you with a physical Token to provide an additional layer of security when you engage in transactions that carry a higher risk. We do not charge for the virtual token. |
| SMS alert fee | Event | $0.25 | — | This fee is charged when you elect to receive notifications about your account via SMS messages to a mobile telephone number you have given us for contacting you. The cost is per SMS. |
| Term Deposit Early Withdrawal | Event | No fee | — | 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… |
| Online international payment in foreign currency | Payment | $10 | — | This fee is charged when you make an International Payment in foreign currency on-line via Internet banking or Bank Australia app. The cost is per transfer. |
| Staff assisted international payment in AUD | Payment | $30 | — | This fee is charged when you make an International Payment in AUD via a Branch or the Contact Centre. The cost is per transfer. |
| Dormancy Fee | Periodic | $10 | Every 1 yr | Administration fee where account has been transferred to dormancy status. |
| Same day funds transfers within Australia fee (RTGS) | Transaction | $20 | — | This fee is for a Real Time Gross Settlement (RTGS) payment which refers to the process of transferring money from one bank to another in Australia on a real time and gross basis. The cost is per tra… |
| Staff assisted international payment in foreign currency | Transaction | $30 | — | This fee is charged when you make an International Payment in foreign currency via a Branch or the Contact Centre. The cost is per transfer. |
§ 03 — Features
Digital banking
- · 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 d…
§ 04 — Eligibility & limits
- · Residency: AU
- · Available to individuals
- · Available to businesses
- · Minimum balance $500
§ 05 — Compare
§ 06 — Run the numbers
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Published by Bank Australia under the Consumer Data Right, last changed by them on 1 Sept 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.