The Finance Algorithm
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Standard Rate Term Deposit 1-12 months

Term Deposit between 1 to 12 months with interest paid at maturity.

Term depositsBank updated 3 Nov 2026
Apply at Great Southern Bank ↗Product page ↗Terms ↗

At a glance

Best rate
5.45% for 11m
12 months
5.00%
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: 4.80%Every other institution's highest, 54 in all

Best rate for 3 months. One dot per institution, at its highest 3-month term deposit rate anyone can apply for; hover or tap a dot for its name.

RateThis term depositBest anywhereTypical institutionWhere it sits
3-month term depositBest rate for 3 months4.80%5.30%Heartland Bank's Broker Term Deposit4.60%of 55 institutions25th highest of 55, level with one other
6-month term depositBest rate for 6 months4.55%5.47%Heartland Bank's Broker Term Deposit5.10%of 63 institutions50th highest of 63
12-month term depositBest rate for 12 months5.00%5.75%Suncorp Bank's Term Deposit5.30%of 65 institutions57th highest of 65, level with 3 others

Rates

Every rate Great Southern Bank publishes for this term deposit, 12 in all.

Its best rate at each term

  1. 1 mo3.50%
  2. 2 mo4.00%
  3. 3 motypical 4.60%4.80%
  4. 4 mo4.40%
  5. 5 mo5.20%
  6. 6 motypical 5.10%4.55%
  7. 7 mo4.90%
  8. 8 mo5.30%
  9. 9 mo4.65%
  10. 10 mo3.15%
  11. 11 mo5.45%
  12. 1 yrtypical 5.30%5.00%
This term depositTypical institution's best for the term
TypeApplies toTermBandRateComparisonConditions
Fixed-1 mo-3.50%-paid at maturity; paid every 1 mo
Fixed-10 mo-3.15%-paid at maturity; paid every 10 mo
Fixed-11 mo-5.45%-paid at maturity; paid every 11 mo
Fixed-1 yr-5.00%-paid at maturity; paid every 1 yr
Fixed-2 mo-4.00%-paid at maturity; paid every 2 mo
Fixed-3 mo-4.80%-paid at maturity; paid every 3 mo
Fixed-4 mo-4.40%-paid at maturity; paid every 4 mo
Fixed-5 mo-5.20%-paid at maturity; paid every 5 mo
Fixed-6 mo-4.55%-paid at maturity; paid every 6 mo
Fixed-7 mo-4.90%-paid at maturity; paid every 7 mo
Fixed-8 mo-5.30%-paid at maturity; paid every 8 mo
Fixed-9 mo-4.65%-paid at maturity; paid every 9 mo

Rate changes

9 changes logged, newest first.

DateRateWasNowChange
3 Nov 2026Fixed, 11 mo4.65%5.45%up 0.80
3 Nov 2026Fixed, 1 yr5.35%5.00%down 0.35
3 Nov 2026Fixed, 3 mo5.10%4.80%down 0.30
3 Nov 2026Fixed, 5 mo4.40%5.20%up 0.80
3 Nov 2026Fixed, 7 mo5.25%4.90%down 0.35
3 Nov 2026Fixed, 8 mo3.95%5.30%up 1.35
7 Oct 2026Fixed, 1 yr5.10%5.35%up 0.25
7 Oct 2026Fixed, 3 mo4.90%5.10%up 0.20
7 Oct 2026Fixed, 7 mo5.00%5.25%up 0.25

Each change is logged the night it appears in the rates Great Southern Bank publishes. See how every lender answered the RBA on the rate tracker.

Features

Digital banking
  • Guaranteed rate of return. You’ll know exactly how much you’ll earn on your investment before your term begins.
  • Choose your own term. Options range from one month to five years.

Eligibility and limits

  • Residency: You must be an Australian citizen or Australian resident to hold an account with Great Southern Bank
  • Minimum balance $5,000

Published by Great Southern Bank under the Consumer Data Right, last changed by them on 3 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.