Term Deposit

With a Term Deposit your money is invested for a fixed period of time with a guaranteed rate of return. Term deposit rates vary depending on the frequency of interest payments and the length of time.

Term depositsBank updated 7 Oct 2026

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At a glance

Best rate: 5.55% for 24m
12 months: 5.50%
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.

Typical 4.60%

1%1.5%2%2.5%3%3.5%4%4.5%5%

This term deposit: 5.10%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.

Rate	This term deposit	Best anywhere	Typical institution	Where it sits
3-month term depositBest rate for 3 months	5.10%	5.30%Heartland Bank's Broker Term Deposit	4.60%of 55 institutions	7th highest of 55, level with 2 others
6-month term depositBest rate for 6 months	5.35%	5.47%Heartland Bank's Broker Term Deposit	5.10%of 63 institutions	8th highest of 63, level with one other
12-month term depositBest rate for 12 months	5.50%	5.75%Suncorp Bank's Term Deposit	5.30%of 65 institutions	7th highest of 65, level with one other
2-year term depositBest rate for 2 years	5.55%	5.60%Judo Bank's Personal Term Deposits	4.90%of 55 institutions	2nd highest of 55
3-year term depositBest rate for 3 years	5.20%	5.60%Judo Bank's Personal Term Deposits	4.25%of 44 institutions	5th highest of 44, level with one other
5-year term depositBest rate for 5 years	5.20%	5.65%Judo Bank's Personal Term Deposits	4.00%of 27 institutions	7th highest of 27

Rates

Every rate Unity Bank publishes for this term deposit, 37 in all.

Its best rate at each term

1 mo3.00%
2 mo3.25%
3 motypical 4.60%5.10%
4 mo4.80%
5 mo4.80%
6 motypical 5.10%5.35%
7 mo5.20%
8 mo5.20%
9 mo5.35%
10 mo5.25%
11 mo5.25%
1 yrtypical 5.30%5.50%
13 mo5.50%
18 mo5.50%
2 yrstypical 4.90%5.55%
30 mo5.55%
3 yrstypical 4.25%5.20%
4 yrs5.20%
5 yrstypical 4.00%5.20%

This term depositTypical institution's best for the term

Type	Applies to	Term	Band	Rate	Comparison	Conditions
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	1 mo	$1,000–$9,999,999	3.00%	-	paid at maturity
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	10 mo	$1,000–$9,999,999	5.25%	-	paid at maturity
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	10 mo	$1,000–$9,999,999	5.10%	-	paid every 1 mo
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	11 mo	$1,000–$9,999,999	5.25%	-	paid at maturity
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	11 mo	$1,000–$9,999,999	5.10%	-	paid every 1 mo
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	1 yr	$1,000–$9,999,999	5.50%	-	paid at maturity
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	1 yr	$1,000–$9,999,999	5.40%	-	paid every 1 mo
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	13 mo	$1,000–$9,999,999	5.40%	-	paid every 1 mo
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	13 mo	$1,000–$9,999,999	5.50%	-	paid every 1 yr
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	18 mo	$1,000–$9,999,999	5.40%	-	paid every 1 mo
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	18 mo	$1,000–$9,999,999	5.50%	-	paid every 1 yr
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	2 mo	$1,000–$9,999,999	3.25%	-	paid at maturity
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	2 mo	$1,000–$9,999,999	3.20%	-	paid every 1 mo
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	2 yrs	$1,000–$9,999,999	5.40%	-	paid every 1 mo
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	2 yrs	$1,000–$9,999,999	5.55%	-	paid every 1 yr
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	3 mo	$1,000–$9,999,999	5.10%	-	paid at maturity
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	3 mo	$1,000–$9,999,999	5.05%	-	paid every 1 mo
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	30 mo	$1,000–$9,999,999	5.40%	-	paid every 1 mo
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	30 mo	$1,000–$9,999,999	5.55%	-	paid every 1 yr
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	3 yrs	$1,000–$9,999,999	5.05%	-	paid every 1 mo
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	3 yrs	$1,000–$9,999,999	5.20%	-	paid every 1 yr
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	4 mo	$1,000–$9,999,999	4.80%	-	paid at maturity
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	4 mo	$1,000–$9,999,999	4.75%	-	paid every 1 mo
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	4 yrs	$1,000–$9,999,999	5.00%	-	paid every 1 mo
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	4 yrs	$1,000–$9,999,999	5.20%	-	paid every 1 yr
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	5 mo	$1,000–$9,999,999	4.80%	-	paid at maturity
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	5 mo	$1,000–$9,999,999	4.75%	-	paid every 1 mo
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	6 mo	$1,000–$9,999,999	5.35%	-	paid at maturity
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	6 mo	$1,000–$9,999,999	5.30%	-	paid every 1 mo
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	5 yrs	$1,000–$9,999,999	5.00%	-	paid every 1 mo
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	5 yrs	$1,000–$9,999,999	5.20%	-	paid every 1 yr
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	7 mo	$1,000–$9,999,999	5.20%	-	paid at maturity
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	7 mo	$1,000–$9,999,999	5.10%	-	paid every 1 mo
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	8 mo	$1,000–$9,999,999	5.20%	-	paid at maturity
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	8 mo	$1,000–$9,999,999	5.10%	-	paid every 1 mo
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	9 mo	$1,000–$9,999,999	5.35%	-	paid at maturity
FixedThese rates only apply to retail deposits and are offered if the member nominates for interest to be paid monthly.	-	9 mo	$1,000–$9,999,999	5.25%	-	paid every 1 mo

Rate changes

33 changes logged, newest first.

Date	Rate	Was	Now	Change
8 Oct 2026	Fixed, 1 mo, $1,000–$9,999,999	2.50%	3.00%	up 0.50
8 Oct 2026	Fixed, 10 mo, $1,000–$9,999,999	4.25%	5.25%	up 1.00
8 Oct 2026	Fixed, 10 mo, $1,000–$9,999,999	4.05%	5.10%	up 1.05
8 Oct 2026	Fixed, 11 mo, $1,000–$9,999,999	4.25%	5.25%	up 1.00
8 Oct 2026	Fixed, 11 mo, $1,000–$9,999,999	4.05%	5.10%	up 1.05
8 Oct 2026	Fixed, 1 yr, $1,000–$9,999,999	5.30%	5.50%	up 0.20
8 Oct 2026	Fixed, 1 yr, $1,000–$9,999,999	5.20%	5.40%	up 0.20
8 Oct 2026	Fixed, 13 mo, $1,000–$9,999,999	3.70%	5.40%	up 1.70
8 Oct 2026	Fixed, 13 mo, $1,000–$9,999,999	3.85%	5.50%	up 1.65
8 Oct 2026	Fixed, 18 mo, $1,000–$9,999,999	3.70%	5.40%	up 1.70
8 Oct 2026	Fixed, 18 mo, $1,000–$9,999,999	3.85%	5.50%	up 1.65
8 Oct 2026	Fixed, 2 mo, $1,000–$9,999,999	3.00%	3.25%	up 0.25
8 Oct 2026	Fixed, 2 mo, $1,000–$9,999,999	2.95%	3.20%	up 0.25
8 Oct 2026	Fixed, 3 mo, $1,000–$9,999,999	4.95%	5.10%	up 0.15
8 Oct 2026	Fixed, 3 mo, $1,000–$9,999,999	4.90%	5.05%	up 0.15
8 Oct 2026	Fixed, 3 yrs, $1,000–$9,999,999	4.65%	5.05%	up 0.40
8 Oct 2026	Fixed, 3 yrs, $1,000–$9,999,999	4.85%	5.20%	up 0.35
8 Oct 2026	Fixed, 4 mo, $1,000–$9,999,999	4.05%	4.80%	up 0.75
8 Oct 2026	Fixed, 4 mo, $1,000–$9,999,999	4.00%	4.75%	up 0.75
8 Oct 2026	Fixed, 4 yrs, $1,000–$9,999,999	4.05%	5.00%	up 0.95
8 Oct 2026	Fixed, 4 yrs, $1,000–$9,999,999	4.25%	5.20%	up 0.95
8 Oct 2026	Fixed, 5 mo, $1,000–$9,999,999	4.05%	4.80%	up 0.75
8 Oct 2026	Fixed, 5 mo, $1,000–$9,999,999	4.00%	4.75%	up 0.75
8 Oct 2026	Fixed, 6 mo, $1,000–$9,999,999	5.15%	5.35%	up 0.20
8 Oct 2026	Fixed, 6 mo, $1,000–$9,999,999	5.10%	5.30%	up 0.20
8 Oct 2026	Fixed, 5 yrs, $1,000–$9,999,999	4.05%	5.00%	up 0.95
8 Oct 2026	Fixed, 5 yrs, $1,000–$9,999,999	4.25%	5.20%	up 0.95
8 Oct 2026	Fixed, 7 mo, $1,000–$9,999,999	4.05%	5.20%	up 1.15
8 Oct 2026	Fixed, 7 mo, $1,000–$9,999,999	4.00%	5.10%	up 1.10
8 Oct 2026	Fixed, 8 mo, $1,000–$9,999,999	4.05%	5.20%	up 1.15
8 Oct 2026	Fixed, 8 mo, $1,000–$9,999,999	4.00%	5.10%	up 1.10
8 Oct 2026	Fixed, 9 mo, $1,000–$9,999,999	5.15%	5.35%	up 0.20
8 Oct 2026	Fixed, 9 mo, $1,000–$9,999,999	5.05%	5.25%	up 0.20

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

Fees

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

While you hold it1

PAPER_STATEMENT_FEE
A fee charged to cover the cost of producing and sending paper statements
$2 a month

Features

Fraud protection

Backed by the Government Deposit Guarantee for deposits up to $250,000
Automatically rollover your existing Term Deposit at the rate of interest relevant to the new term that you select, or we will re-invest the principal and interest in accordance with the account inst…
Early withdrawal may be allowed at the discretion of the Bank on 31 days' notice. Where funds are withdrawn from a term deposit account prior to maturity, a reduction to the interest rate will be app…

Eligibility and limits

Residency: PERMANENT RESIDENT
Available to individuals
Minimum balance $1,000
Opening balance $1,000

Compare it with others

All term deposits Other Unity Bank term deposits Everything Unity Bank publishes

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Published by Unity Bank under the Consumer Data Right, last changed by them on 7 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.