The Finance Algorithm
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Term Deposit 60 Months

Invest with peace of mind knowing your rate is locked in for the term

Term depositsBank updated 12 Aug 2026

At a glance

Best rate
4.20% for 60m
Min deposit
$5,000

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: 4.20%Every other institution's highest, 26 in all

Best rate for 5 years. One dot per institution, at its highest 5-year term deposit rate anyone can apply for; hover or tap a dot for its name.

RateThis term depositBest anywhereTypical institutionWhere it sits
5-year term depositBest rate for 5 years4.20%5.65%Judo Bank's Personal Term Deposits4.00%of 27 institutions11th highest of 27, level with 2 others

Rates

The one rate BankVic publishes for this term deposit.

TypeApplies toTermBandRateComparisonConditions
FixedInterest Paid Annually-5 yrs$5,000–$10,000,0004.20%-paid every 1 yr

Fees

One fee published, grouped by when they're charged.

When you make a transaction1

  • TERM_DEPOSIT_-_EARLY_REDEMPTION_CHARGES

    We do not charge a fee for early withdrawal, however, we will reduce the interest rate to the rate payable on the Everyday account.

    No fee

Features

Digital banking

Eligibility and limits

  • Residency: Australian Citizen
  • Minimum balance $5,000
  • BankVic Member

Published by BankVic under the Consumer Data Right, last changed by them on 12 Aug 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.