Find the Best Term Deposit Rates in Australia

Compare real, current rates from leading Australian banks and financial institutions. Make informed decisions with our interactive calculator.

Rates compiled from 18 Australian banks and credit unions · last checked 2026-08-22 · independent, not bank-affiliated

Term Deposit Calculator

Calculate your potential returns with our easy-to-use interactive calculator.

Your Results

Initial Deposit: $10,000
Interest Earned: $450.00
Total at Maturity: $10,450.00
Term Length: 12 months

Current Top Term Deposit Rates (12 Month)

Sourced directly from bank rate sheets. Last checked 2026-08-22. RBA official cash rate: 4.35%.

Provider 3 Months 6 Months 12 Months 24 Months Min. Deposit
Judo BankBest 12mo rate — — 5.35% — $1,000
Suncorp 5% 4.9% 5.35% 5% $5,000
ING 5.05% 5.2% 5.3% 4.7% $10,000
AMP Bank — 5% 5.3% 5.25% $25,000
NAB — — 5.25% — $5,000
ANZ 3.35% 5.1% 5.25% 5% $5,000
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Why Choose Term Deposits?

Guaranteed Returns

Lock in a fixed interest rate for the entire term, providing certainty and predictable returns on your investment.

Low Risk Investment

Term deposits are covered by the Australian Government's Financial Claims Scheme up to $250,000 per institution.

Flexible Terms

Choose from terms ranging from 1 month to 5 years, allowing you to match your investment to your financial goals.

Easy to Understand

Simple, straightforward investment with no hidden fees or complex conditions to navigate.

Learn More About Term Deposits

Make informed decisions with our comprehensive guides and resources.

What Are Term Deposits?

Understand the basics of term deposits and how they work.

How to Choose the Right Term

Learn strategies for selecting the optimal term length for your needs.

Tax Implications

Understand how term deposit interest is taxed in Australia.

Latest Articles

Expert insights and strategies to help you make the most of your term deposit investments.

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