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Bank of Melbourne logoBank of Melbourne

Business Term Deposit

Lock away your money for a period of time and get a guaranteed return

Term depositsBank updated 29 Oct 2026
Product page ↗Fees and pricing ↗Terms ↗

At a glance

Best rate
5.40% for 12m
12 months
5.40%
Min deposit
$1,000

How it compares

This term deposit in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

This term deposit: 5.40%Every other institution's highest, 16 in all

Best rate for a 12-month term. One dot per institution, at its highest 12-month business term deposit rate anyone can apply for; hover or tap a dot for its name.

RateThis term depositBest anywhereTypical institutionWhere it sits
Business 12-month term depositBest rate for a 12-month term5.40%5.70%AMP Bank GO 12 Month Business Term Deposit5.30%of 17 institutions5th highest of 17, level with 2 others

Rates

Every rate Bank of Melbourne publishes for this term deposit, 36 in all.

Its best rate at each term

  1. 1 mo1.40%
  2. 2 mo1.65%
  3. 3 motypical 4.60%3.25%
  4. 4 mo3.40%
  5. 5 mo3.45%
  6. 6 motypical 5.10%3.40%
  7. 7 mo3.55%
  8. 8 mo3.60%
  9. 9 mo3.65%
  10. 10 mo3.70%
  11. 11 mo3.75%
  12. 1 yrtypical 5.30%5.40%
  13. 13 mo4.70%
  14. 2 yrstypical 4.90%4.50%
  15. 3 yrstypical 4.25%4.00%
  16. 4 yrs4.00%
  17. 5 yrstypical 4.00%4.00%
This term depositTypical institution's best for the term
TypeApplies toTermBandRateComparisonConditions
BonusPLUS, an additional 0.10% p.a. online bonus offer2 when you open or renew online---0.10%-paid at maturity; Online only
FixedInterest paid at maturity-1 mo-1.40%-paid at maturity; Min deposit amount
Fixed-10 mo-3.70%-paid at maturity; Min deposit amount
Fixed-10 mo-3.65%-paid every 1 mo; Min deposit amount
Fixed-11 mo-3.75%-paid at maturity; Min deposit amount
Fixed-11 mo-3.70%-paid every 1 mo; Min deposit amount
Fixed-1 yr-4.75%-paid at maturity; Min deposit amount
Fixed12 month offer available for a limited time only on Term Deposits opened or renewed by existing Bank of Melbourne personal or business customers.-1 yr-5.40%-paid at maturity; Min deposit amount
Fixed-1 yr-4.70%-paid every 1 mo; Min deposit amount
Fixed-1 yr-4.70%-paid every 6 mo; Min deposit amount
Fixed-13 mo-4.70%-paid every 1 mo; Min deposit amount
Fixed-13 mo-4.70%-paid every 6 mo; Min deposit amount
FixedInterest paid at maturity-2 mo-1.65%-paid at maturity; Min deposit amount
Fixed-2 yrs-4.50%-paid at maturity; Min deposit amount
Fixed-2 yrs-4.45%-paid every 1 mo; Min deposit amount
Fixed-2 yrs-4.45%-paid every 6 mo; Min deposit amount
FixedInterest paid at maturity-3 mo-3.25%-paid at maturity; Min deposit amount
Fixed-3 yrs-4.00%-paid at maturity; Min deposit amount
Fixed-3 yrs-3.95%-paid every 1 mo; Min deposit amount
Fixed-3 yrs-3.95%-paid every 6 mo; Min deposit amount
FixedInterest paid at maturity-4 mo-3.40%-paid at maturity; Min deposit amount
Fixed-4 yrs-4.00%-paid at maturity; Min deposit amount
Fixed-4 yrs-3.95%-paid every 1 mo; Min deposit amount
Fixed-4 yrs-3.95%-paid every 6 mo; Min deposit amount
FixedInterest paid at maturity-5 mo-3.45%-paid at maturity; Min deposit amount
FixedInterest paid at maturity-6 mo-3.40%-paid at maturity; Min deposit amount
Fixed-6 mo-3.35%-paid every 1 mo; Min deposit amount
Fixed-5 yrs-4.00%-paid at maturity; Min deposit amount
Fixed-5 yrs-3.95%-paid every 1 mo; Min deposit amount
Fixed-5 yrs-3.95%-paid every 6 mo; Min deposit amount
Fixed-7 mo-3.55%-paid at maturity; Min deposit amount
Fixed-7 mo-3.50%-paid every 1 mo; Min deposit amount
Fixed-8 mo-3.60%-paid at maturity; Min deposit amount
Fixed-8 mo-3.55%-paid every 1 mo; Min deposit amount
Fixed-9 mo-3.65%-paid at maturity; Min deposit amount
Fixed-9 mo-3.60%-paid every 1 mo; Min deposit amount

Features

Digital banking
  • The reassurance of a guaranteed return on your investment.
  • Avoid market fluctuations with a specific amount locked away at a fixed interest rate (with no immediate access to funds during the term)
  • Choose a term length that matches your business cycle
  • Add 0.10% p.a. to these rates if you're already with Bank of Melbourne and opening or renewing online. It's only available to existing customers who bank online and in the app.
  • Earn Interest: Interest can be paid at maturity, annually, half yearly or monthly.
  • Flexibility: Flexible maturity options from 1 month to 5 years.
  • Business customers are eligible to open an account and can open account either by Branch, Phone, online.
  • Opening Confirmation, Maturity, Reinvestment and Repayment advices are sent as regular advices
  • Interest payment options are available

Eligibility and limits

  • Minimum age 18
  • Available to businesses
  • Opening balance $1,000
  • You must be an existing Bank of Melbourne banking customer
  • Online application and online bonus rate available for personal customers and sole traders only.
  • 31 days notice required to access funds prior to maturity (except hardship); interest rate adjustment usually applies

Published by Bank of Melbourne under the Consumer Data Right, last changed by them on 29 Oct 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.