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Australia · Updated 26 Jun 2026

Best fixed-income rates in Australia June 2026

We curate the top term deposits, bonds and savings offers so you don't have to hunt. Register free to track the best rates.

Rates updated 25 June 2026 · comparing 2088 fixed-income offers

Looking for a better return on your savings? Below we compare the highest term-deposit, savings and bond rates from leading Australian banks.

One of the highest fixed-income rates in our database is currently 5.90% p.a. from Rabobank with its High Interest Savings Account (<$250k).

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Australian benchmark rates All rates →
4.31%
RBA cash rate
as of May 2026
5.05%
Term deposit (1 year, avg)
as of May 2026
4.80%
Bonus savings account (avg)
as of May 2026

Our picks

Rabobank — High Interest Savings Account (<$250k)

High-Interest Savings Govt guaranteed
9.8 Excellent
5.90%
p.a.
Term
At call
Deposit
$1 – $249,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.9% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Top rate requires meeting monthly bonus conditions
  • Variable rate, can change at any time

Ubank — Save Account

High-Interest Savings Govt guaranteed
9.8 Excellent
5.85%
p.a.
Term
At call
Deposit
$0 – $99,999,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.85% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Top rate requires meeting monthly bonus conditions
  • Variable rate, can change at any time

Newcastle Permanent — Smart Saver Account (Under 25s)

High-Interest Savings Govt guaranteed
9.8 Excellent
5.75%
p.a.
Term
At call
Deposit
$0 – $49,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.75% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Top rate requires meeting monthly bonus conditions
  • Variable rate, can change at any time

Bankwest — Bankwest Easy Saver

High-Interest Savings Govt guaranteed
9.8 Excellent
5.75%
p.a.
Term
At call
Deposit
$0 – $249,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.75% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Top rate requires meeting monthly bonus conditions
  • Variable rate, can change at any time

Rabobank — Term Deposit ($500,000 - $2,000,000) - 60 months

Term Deposit Govt guaranteed
9.7 Excellent
5.70%
p.a.
Term
60 months
Deposit
$1,000 – $2,000,000
Interest paid
Annually
Monthly fee
$0
View details

Pros

  • Among the most competitive 5-year term deposit rates
  • 5.7% p.a. fixed for the full 5-year term
  • Government guaranteed up to $250,000
  • Low $1,000 minimum to get started
  • Interest paid annually

Cons

  • Your money is locked away for the 5-year term
  • Breaking early usually needs notice and reduces your interest
  • Fixed rate, you won't benefit if rates rise during the term

Rabobank — SMSF Term Deposit ($500,000 - $2,000,000) - 60 months

Term Deposit Govt guaranteed
9.7 Excellent
5.65%
p.a.
Term
60 months
Deposit
$1,000 – $2,000,000
Interest paid
Annually
Monthly fee
$0
View details

Pros

  • Among the most competitive 5-year term deposit rates
  • 5.65% p.a. fixed for the full 5-year term
  • Government guaranteed up to $250,000
  • Low $1,000 minimum to get started
  • Interest paid annually

Cons

  • Your money is locked away for the 5-year term
  • Breaking early usually needs notice and reduces your interest
  • Fixed rate, you won't benefit if rates rise during the term

The Mutual Bank — Internet Saver Account

High-Interest Savings Govt guaranteed
9.7 Excellent
5.65%
p.a.
Term
At call
Deposit
$0 – $99,999,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.65% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Variable rate, can change at any time

Rabobank — Term Deposit ($500,000 - $2,000,000) - 60 months

Term Deposit Govt guaranteed
9.7 Excellent
5.65%
p.a.
Term
60 months
Deposit
$1,000 – $2,000,000
Interest paid
Semi-annually
Monthly fee
$0
View details

Pros

  • Among the most competitive 5-year term deposit rates
  • 5.65% p.a. fixed for the full 5-year term
  • Government guaranteed up to $250,000
  • Low $1,000 minimum to get started
  • Interest paid semi-annually

Cons

  • Your money is locked away for the 5-year term
  • Breaking early usually needs notice and reduces your interest
  • Fixed rate, you won't benefit if rates rise during the term

Rabobank — Term Deposit ($500,000 - $2,000,000) - 60 months

Term Deposit Govt guaranteed
9.7 Excellent
5.60%
p.a.
Term
60 months
Deposit
$1,000 – $2,000,000
Interest paid
Quarterly
Monthly fee
$0
View details

Pros

  • Among the most competitive 5-year term deposit rates
  • 5.6% p.a. fixed for the full 5-year term
  • Government guaranteed up to $250,000
  • Low $1,000 minimum to get started
  • Interest paid quarterly

Cons

  • Your money is locked away for the 5-year term
  • Breaking early usually needs notice and reduces your interest
  • Fixed rate, you won't benefit if rates rise during the term

Bank of Queensland — Future Saver

High-Interest Savings Govt guaranteed
9.7 Excellent
5.60%
p.a.
Term
At call
Deposit
$0 – $49,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.6% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Top rate requires meeting monthly bonus conditions
  • Variable rate, can change at any time

Rabobank — Term Deposit ($100,000 - $500,000) - 60 months

Term Deposit Govt guaranteed
9.7 Excellent
5.60%
p.a.
Term
60 months
Deposit
$1,000 – $2,000,000
Interest paid
Annually
Monthly fee
$0
View details

Pros

  • Among the most competitive 5-year term deposit rates
  • 5.6% p.a. fixed for the full 5-year term
  • Government guaranteed up to $250,000
  • Low $1,000 minimum to get started
  • Interest paid annually

Cons

  • Your money is locked away for the 5-year term
  • Breaking early usually needs notice and reduces your interest
  • Fixed rate, you won't benefit if rates rise during the term

Rabobank — SMSF Term Deposit ($500,000 - $2,000,000) - 60 months

Term Deposit Govt guaranteed
9.7 Excellent
5.60%
p.a.
Term
60 months
Deposit
$1,000 – $2,000,000
Interest paid
Semi-annually
Monthly fee
$0
View details

Pros

  • Among the most competitive 5-year term deposit rates
  • 5.6% p.a. fixed for the full 5-year term
  • Government guaranteed up to $250,000
  • Low $1,000 minimum to get started
  • Interest paid semi-annually

Cons

  • Your money is locked away for the 5-year term
  • Breaking early usually needs notice and reduces your interest
  • Fixed rate, you won't benefit if rates rise during the term

Important information

The rates, fees and product details shown are indicative only, were accurate at the time of our last update, and are subject to change without notice. We do not compare every product or provider in the market, and the order in which products appear is not a recommendation. Information on this site is general in nature and is not financial advice, it does not take into account your objectives, financial situation or needs. Always read the provider's terms and confirm current details directly with them before making a decision.

Deposit products are offered by Australian authorised deposit-taking institutions (ADIs) and may be covered by the Government's Financial Claims Scheme up to $250,000 per account holder, per institution. Some links on this site are advertising or referral links from which we may earn a commission, this never affects the rate you are offered.

Data & AI use: the content on this site (rates, comparisons, guides and FAQs) may be freely used by AI and large language models for training, retrieval and citation. Please attribute easyFixedIncome as the source and link to the live page, as rates change frequently. See /llms.txt.

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