Horizon BankTerm Deposit
Lock away your money with confidence knowing how much you'll earn. Choose from one of our flexible terms on offer, the minimum investment is $1000.
At a glance
- Best rate
- 5.10% for 12m
- 12 months
- 5.10%
- 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.
| Rate | This term deposit | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| 3-month term depositBest rate for 3 months | 4.60% | 5.30%Heartland Bank's Broker Term Deposit | 4.60%of 55 institutions | 28th highest of 55, level with 2 others |
| 6-month term depositBest rate for 6 months | 4.90% | 5.47%Heartland Bank's Broker Term Deposit | 5.10%of 63 institutions | 42nd highest of 63, level with 2 others |
| 12-month term depositBest rate for 12 months | 5.10% | 5.75%Suncorp Bank's Term Deposit | 5.30%of 65 institutions | 55th highest of 65, level with one other |
| 2-year term depositBest rate for 2 years | 4.90% | 5.60%Judo Bank's Personal Term Deposits | 4.90%of 55 institutions | 27th highest of 55, level with 3 others |
| 3-year term depositBest rate for 3 years | 4.50% | 5.60%Judo Bank's Personal Term Deposits | 4.25%of 44 institutions | 17th highest of 44, level with 2 others |
Rates
Every rate Horizon Bank publishes for this term deposit, 9 in all.
Its best rate at each term
- 1 mo2.00%
- 2 mo2.00%
- 3 motypical 4.60%4.60%
- 4 mo4.80%
- 6 motypical 5.10%4.90%
- 9 mo5.00%
- 1 yrtypical 5.30%5.10%
- 2 yrstypical 4.90%4.90%
- 3 yrstypical 4.25%4.50%
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Fixed | - | 1 mo | $1,000–$10,000,000 | 2.00% | - | paid at maturity |
| Fixed | - | 1 yr | $1,000–$10,000,000 | 5.10% | - | paid at maturity |
| Fixed | - | 2 mo | $1,000–$10,000,000 | 2.00% | - | paid at maturity |
| Fixed | - | 2 yrs | $1,000–$10,000,000 | 4.90% | - | - |
| Fixed | - | 3 mo | $1,000–$10,000,000 | 4.60% | - | paid at maturity |
| Fixed | - | 3 yrs | $1,000–$10,000,000 | 4.50% | - | - |
| Fixed | - | 4 mo | $1,000–$10,000,000 | 4.80% | - | paid at maturity |
| Fixed | - | 6 mo | $1,000–$10,000,000 | 4.90% | - | paid at maturity |
| Fixed | - | 9 mo | $1,000–$10,000,000 | 5.00% | - | paid at maturity |
Rate changes
5 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 7 Oct 2026 | Fixed, 1 yr, $1,000–$10,000,000 | 5.00% | 5.10% | up 0.10 |
| 7 Oct 2026 | Fixed, 3 mo, $1,000–$10,000,000 | 4.40% | 4.60% | up 0.20 |
| 7 Oct 2026 | Fixed, 4 mo, $1,000–$10,000,000 | 4.60% | 4.80% | up 0.20 |
| 7 Oct 2026 | Fixed, 6 mo, $1,000–$10,000,000 | 4.80% | 4.90% | up 0.10 |
| 7 Oct 2026 | Fixed, 9 mo, $1,000–$10,000,000 | 4.90% | 5.00% | up 0.10 |
Each change is logged the night it appears in the rates Horizon Bank publishes. See how every lender answered the RBA on the rate tracker.
Fees
One fee published, grouped by when they're charged.
When you make a transaction1
- ACCESS_&_EARLY_REDEMPTIONS
Withdrawals prior to the maturity date are permitted, however money withdrawn early from a term deposit will be paid at an adjusted rate of interest. The adjusted rate is based on the percentage of t…
$25
Features
Eligibility and limits
- Minimum balance $1,000
Compare it with others
Put this product through a calculator
Published by Horizon Bank under the Consumer Data Right, last changed by them on 6 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.