Live rates — updated 9 Jun 2026

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Updated 9 Jun 2026

Compare Australia's Best Term Deposit Rates

Side-by-side comparison of 8+ Australian providers. Filter by term and investment amount. No fees, no obligation.

Investment amountTerm lengthCompare

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Today's Top 3 Rates

1–5 year terms

1
AB
Australian Bank 1
1 yr · Min $25k
5.40%
+15bp
2
SB
Sydney Bank 2
2 yr · Min $25k
5.35%
+10bp
3
MB
Melbourne Bank 3
3 yr · Min $25k
5.30%
Flat

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Indicative rates. Subject to eligibility and availability.

20+

Providers compared

5.40%

Top rate p.a.

$25k+

From minimum

1 day

Personalised shortlist

Today's Top Term Deposit Rates

Sort and filter to compare 8 provider rates. Updated 9 Jun 2026.

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					7d
AB Australian Bank 1 Best rate	5.40%	1 yr	$25,000	Govt Guaranteed*	+15bp	Enquire
SB Sydney Bank 2	5.35%	2 yr	$25,000	Govt Guaranteed*	+10bp	Enquire
MB Melbourne Bank 3	5.30%	3 yr	$25,000	Govt Guaranteed*	Flat	Enquire
BB Brisbane Bank 4	5.25%	4 yr	$25,000	Govt Guaranteed*	+5bp	Enquire
AB Australian Bank 5	5.20%	5 yr	$50,000	Wholesale	−5bp	Enquire
SB Sydney Bank 6	5.10%	1 yr	$25,000	Govt Guaranteed*	Flat	Enquire
PB Perth Bank 7	5.05%	2 yr	$25,000	Bank Issued	+5bp	Enquire
MB Melbourne Bank 8	4.95%	3 yr	$25,000	Wholesale	−10bp	Enquire

Australian Bank 1

1 yr · Min $25,000

Best rate

5.40%

+15bp

Govt Guaranteed*Enquire

Sydney Bank 2

2 yr · Min $25,000

5.35%

+10bp

Govt Guaranteed*Enquire

Melbourne Bank 3

3 yr · Min $25,000

5.30%

Flat

Govt Guaranteed*Enquire

Brisbane Bank 4

4 yr · Min $25,000

5.25%

+5bp

Govt Guaranteed*Enquire

Australian Bank 5

5 yr · Min $50,000

5.20%

−5bp

WholesaleEnquire

Sydney Bank 6

1 yr · Min $25,000

5.10%

Flat

Govt Guaranteed*Enquire

Perth Bank 7

2 yr · Min $25,000

5.05%

+5bp

Bank IssuedEnquire

Melbourne Bank 8

3 yr · Min $25,000

4.95%

−10bp

WholesaleEnquire

*Government Financial Claims Scheme protects bank deposits up to $250,000 per ADI per account holder. Wholesale fixed-income products are not covered and may involve investment risk. Rates indicative only and subject to change without notice.

Market Snapshot

Average vs top indicative rate by term length across the Australian market.

Updated 9 Jun 2026

1 yr term

4.65%

market avg

Top rate5.10%

2 yr term

4.85%

market avg

Top rate5.25%

3 yr term

5.05%

market avg

Top rate5.40%

5 yr term

4.95%

market avg

Top rate5.35%

Rate Range by Term

Average Top rate

4.65

5.10

1 yr

4.85

5.25

2 yr

5.05

5.40

3 yr

4.95

5.35

5 yr

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Up to 5.40%

Highest Yield

Top rates across all providers, sorted high to low.

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FCS Protected

Capital Protection

Government-guaranteed (FCS) deposits only.

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1–2 years

Short-Term (1–2 yr)

Lock in for one to two years with flexibility.

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3–5 years

Long-Term (3–5 yr)

Secure rates through the rate-cut cycle.

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SMSF Eligible

SMSF Investors

Term deposits structured for self-managed super.

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Income Focus

Retirement Income

Monthly or quarterly income streams.

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Why compare before you invest?

A few minutes of comparison can mean thousands of dollars over the life of your deposit.

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Rates vary by 0.50%+

Top rates can be 50+ basis points above the average — meaningful on $100k.

Minimums differ

Some providers start at $25,000, others require $50,000–$100,000.

Terms aren't standard

Interest frequency, rollover and rate-lock options vary by provider.

Early withdrawal traps

Penalty structures can erase months of returns. Always check the fine print.

How our comparison service works

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Share how much you'd like to invest and your preferred term length.

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Our team curates the best matching opportunities across the market.

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20+ providers compared

Frequently asked questions

Indicative rates on this page are refreshed regularly against published wholesale and retail benchmarks. Confirmed rates are issued by the relevant provider at the time of application.

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20+ providers compared