Best term deposit rates in Australia (June 2026)

Rates updated 25 June 2026 · comparing 1678 term deposit offers

Looking for a term deposit? Below we compare the highest term-deposit rates from leading Australian banks and institutions.

One of the highest term deposit rates in our database is currently 5.70% p.a. from Rabobank with its Term Deposit ($500,000 - $2,000,000) - 60 months.

Fact checked See more easyFixedIncome in Google Like & trust our content? Tell Google to show more of easyFixedIncome in Search, AI Overviews and AI Mode.

Highest term deposit rates right now
#	Provider	Rate p.a.	Term	Min deposit
1	Rabobank	5.70%	60 months	$1,000
2	Rabobank	5.65%	60 months	$1,000
3	Rabobank	5.65%	60 months	$1,000
4	Great Southern Bank	5.60%	60 months	$5,000
5	Rabobank	5.60%	60 months	$1,000

Showing 251–275 of 1,678 offers

Qudos Bank — Standard Term Deposits ($500 -$3,000,000) - 24 months

Term Deposit Govt guaranteed

9.5 Excellent

5.20%

p.a.

Term: 24 months
Deposit: $500 – $3,000,000
Interest paid: Annually
Monthly fee: $0

Compare View details

Pros

Among the most competitive 2-year term deposit rates
5.2% p.a. fixed for the full 2-year term
Government guaranteed up to $250,000
Low $500 minimum to get started
Interest paid annually

Cons

Your money is locked away for the 2-year term
Breaking early usually needs notice and reduces your interest
Fixed rate, you won't benefit if rates rise during the term

Geelong Bank — Term Deposits - 12 months

Term Deposit Govt guaranteed

9.5 Excellent

5.20%

p.a.

Term: 12 months
Deposit: $10,000 – $1,000,000
Interest paid: Annually
Monthly fee: $0

Compare View details

Pros

Among the most competitive 1-year term deposit rates
5.2% p.a. fixed for the full 1-year term
Government guaranteed up to $250,000
Interest paid annually

Cons

Your money is locked away for the 1-year term
Requires at least $10,000
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) - 9 months

Term Deposit Govt guaranteed

9.5 Excellent

5.20%

p.a.

Term: 9 months
Deposit: $1,000 – $2,000,000
Interest paid: At maturity
Monthly fee: $0

Compare View details

Pros

Among the most competitive 9-month term deposit rates
5.2% p.a. fixed for the full 9-month term
Government guaranteed up to $250,000
Low $1,000 minimum to get started
Interest paid at maturity

Cons

Your money is locked away for the 9-month 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) - 36 months

Term Deposit Govt guaranteed

9.5 Excellent

5.20%

p.a.

Term: 36 months
Deposit: $1,000 – $2,000,000
Interest paid: Quarterly
Monthly fee: $0

Compare View details

Pros

Among the most competitive 3-year term deposit rates
5.2% p.a. fixed for the full 3-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 3-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 us — Term Deposit - 12 months

Term Deposit Govt guaranteed

9.5 Excellent

5.20%

p.a.

Term: 12 months
Deposit: $5,000 – $500,000
Interest paid: Annually
Monthly fee: $0

Compare View details

Pros

Among the most competitive 1-year term deposit rates
5.2% p.a. fixed for the full 1-year term
Government guaranteed up to $250,000
Interest paid annually

Cons

Your money is locked away for the 1-year term
Requires at least $5,000
Breaking early usually needs notice and reduces your interest
Fixed rate, you won't benefit if rates rise during the term

NAB — Term Deposit - 24 months

Term Deposit Govt guaranteed

9.5 Excellent

5.20%

p.a.

Term: 24 months
Deposit: $5,000 – $1,999,999
Interest paid: Annually
Monthly fee: $0

Compare View details

Pros

Among the most competitive 2-year term deposit rates
5.2% p.a. fixed for the full 2-year term
Government guaranteed up to $250,000
Interest paid annually

Cons

Your money is locked away for the 2-year term
Requires at least $5,000
Breaking early usually needs notice and reduces your interest
Fixed rate, you won't benefit if rates rise during the term

ANZ — ANZ Advance Notice Term Deposit - 24 months

Term Deposit Govt guaranteed

9.4 Excellent

5.18%

p.a.

Term: 24 months
Deposit: $5,000 – $100,000
Interest paid: Semi-annually
Monthly fee: $0

Compare View details

Pros

5.18% p.a. fixed for the full 2-year term
Government guaranteed up to $250,000
Interest paid semi-annually

Cons

Your money is locked away for the 2-year term
Requires at least $5,000
Breaking early usually needs notice and reduces your interest
Fixed rate, you won't benefit if rates rise during the term

ANZ — ANZ Advance Notice Term Deposit - 12 months

Term Deposit Govt guaranteed

9.4 Excellent

5.18%

p.a.

Term: 12 months
Deposit: $5,000 – $100,000
Interest paid: Monthly
Monthly fee: $0

Compare View details

Pros

5.18% p.a. fixed for the full 1-year term
Government guaranteed up to $250,000
Interest paid monthly

Cons

Your money is locked away for the 1-year term
Requires at least $5,000
Breaking early usually needs notice and reduces your interest
Fixed rate, you won't benefit if rates rise during the term

Macquarie Bank — Macquarie Bank Term Deposit (<$1,000,000) - 12 months

Term Deposit Govt guaranteed

9.4 Excellent

5.18%

p.a.

Term: 12 months
Deposit: $5,000 – $1,000,000
Interest paid: Semi-annually
Monthly fee: $0

Compare View details

Pros

5.18% p.a. fixed for the full 1-year term
Government guaranteed up to $250,000
Interest paid semi-annually

Cons

Your money is locked away for the 1-year term
Requires at least $5,000
Breaking early usually needs notice and reduces your interest
Fixed rate, you won't benefit if rates rise during the term

Macquarie Bank — Macquarie Bank Term Deposit (<$1,000,000) - 9 months

Term Deposit Govt guaranteed

9.4 Excellent

5.15%

p.a.

Term: 9 months
Deposit: $5,000 – $1,000,000
Interest paid: At maturity
Monthly fee: $0

Compare View details

Pros

5.15% p.a. fixed for the full 9-month term
Government guaranteed up to $250,000
Interest paid at maturity

Cons

Your money is locked away for the 9-month term
Requires at least $5,000
Breaking early usually needs notice and reduces your interest
Fixed rate, you won't benefit if rates rise during the term

Unity Bank — Fixed Term Deposit - 9 months

Term Deposit Govt guaranteed

9.4 Excellent

5.15%

p.a.

Term: 9 months
Deposit: $1,000 – $1,000,000
Interest paid: At maturity
Monthly fee: $0

Compare View details

Pros

5.15% p.a. fixed for the full 9-month term
Government guaranteed up to $250,000
Low $1,000 minimum to get started
Interest paid at maturity

Cons

Your money is locked away for the 9-month 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) - 6 months

Term Deposit Govt guaranteed

9.4 Excellent

5.15%

p.a.

Term: 6 months
Deposit: $1,000 – $2,000,000
Interest paid: At maturity
Monthly fee: $0

Compare View details

Pros

5.15% p.a. fixed for the full 6-month term
Government guaranteed up to $250,000
Low $1,000 minimum to get started
Interest paid at maturity

Cons

Your money is locked away for the 6-month 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) - 12 months

Term Deposit Govt guaranteed

9.4 Excellent

5.15%

p.a.

Term: 12 months
Deposit: $1,000 – $2,000,000
Interest paid: Monthly
Monthly fee: $0

Compare View details

Pros

5.15% p.a. fixed for the full 1-year term
Government guaranteed up to $250,000
Low $1,000 minimum to get started
Interest paid monthly

Cons

Your money is locked away for the 1-year term
Breaking early usually needs notice and reduces your interest
Fixed rate, you won't benefit if rates rise during the term

AMP — Term Deposit ($25,000+) - 7 months

Term Deposit Govt guaranteed

9.4 Excellent

5.15%

p.a.

Term: 7 months
Deposit: $25,000 – $10,000,000
Interest paid: At maturity
Monthly fee: $0

Compare View details

Pros

5.15% p.a. fixed for the full 7-month term
Government guaranteed up to $250,000
Interest paid at maturity

Cons

Your money is locked away for the 7-month term
Requires at least $25,000
Breaking early usually needs notice and reduces your interest
Fixed rate, you won't benefit if rates rise during the term

MyState Bank — Online Term Deposit - 24 months

Term Deposit Govt guaranteed

9.4 Excellent

5.15%

p.a.

Term: 24 months
Deposit: $5,000 – $1,000,000
Interest paid: Annually
Monthly fee: $0

Compare View details

Pros

5.15% p.a. fixed for the full 2-year term
Government guaranteed up to $250,000
Interest paid annually

Cons

Your money is locked away for the 2-year term
Requires at least $5,000
Breaking early usually needs notice and reduces your interest
Fixed rate, you won't benefit if rates rise during the term

Community First Bank — Term Deposit ($100k - $249k) - 12 months

Term Deposit Govt guaranteed

9.4 Excellent

5.15%

p.a.

Term: 12 months
Deposit: $100,000 – $249,999
Interest paid: Monthly
Monthly fee: $0

Compare View details

Pros

5.15% p.a. fixed for the full 1-year term
Government guaranteed up to $250,000
Interest paid monthly

Cons

Your money is locked away for the 1-year term
Requires at least $100,000
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) - 24 months

Term Deposit Govt guaranteed

9.4 Excellent

5.15%

p.a.

Term: 24 months
Deposit: $1,000 – $2,000,000
Interest paid: Semi-annually
Monthly fee: $0

Compare View details

Pros

5.15% p.a. fixed for the full 2-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 2-year term
Breaking early usually needs notice and reduces your interest
Fixed rate, you won't benefit if rates rise during the term

Alex Bank — Term Deposit - 12 months

Term Deposit Govt guaranteed

9.4 Excellent

5.15%

p.a.

Term: 12 months
Deposit: $5,000 – $250,000
Interest paid: Monthly
Monthly fee: $0

Compare View details

Pros

5.15% p.a. fixed for the full 1-year term
Government guaranteed up to $250,000
Interest paid monthly

Cons

Your money is locked away for the 1-year term
Requires at least $5,000
Breaking early usually needs notice and reduces your interest
Fixed rate, you won't benefit if rates rise during the term

Rabobank — Term Deposit ($1,000 - $100,000) - 12 months

Term Deposit Govt guaranteed

9.4 Excellent

5.15%

p.a.

Term: 12 months
Deposit: $1,000 – $2,000,000
Interest paid: Annually
Monthly fee: $0

Compare View details

Pros

5.15% p.a. fixed for the full 1-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 1-year term
Breaking early usually needs notice and reduces your interest
Fixed rate, you won't benefit if rates rise during the term

Goldfields Money — Stow it Term Deposit - 4 months

Term Deposit Govt guaranteed

9.4 Excellent

5.15%

p.a.

Term: 4 months
Deposit: $5,000 – $1,000,000
Interest paid: At maturity
Monthly fee: $0

Compare View details

Pros

5.15% p.a. fixed for the full 4-month term
Government guaranteed up to $250,000
Interest paid at maturity

Cons

Your money is locked away for the 4-month term
Requires at least $5,000
Breaking early usually needs notice and reduces your interest
Fixed rate, you won't benefit if rates rise during the term

AMP — Term Deposit ($5,000-$25,000) - 9 months

Term Deposit Govt guaranteed

9.4 Excellent

5.15%

p.a.

Term: 9 months
Deposit: $5,000 – $25,000
Interest paid: At maturity
Monthly fee: $0

Compare View details

Pros

5.15% p.a. fixed for the full 9-month term
Government guaranteed up to $250,000
Interest paid at maturity

Cons

Your money is locked away for the 9-month term
Requires at least $5,000
Breaking early usually needs notice and reduces your interest
Fixed rate, you won't benefit if rates rise during the term

Rabobank — Term Deposit ($100,000 - $500,000) - 36 months

Term Deposit Govt guaranteed

9.4 Excellent

5.15%

p.a.

Term: 36 months
Deposit: $1,000 – $2,000,000
Interest paid: Semi-annually
Monthly fee: $0

Compare View details

Pros

5.15% p.a. fixed for the full 3-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 3-year term
Breaking early usually needs notice and reduces your interest
Fixed rate, you won't benefit if rates rise during the term

NAB — Term Deposit - 24 months

Term Deposit Govt guaranteed

9.4 Excellent

5.15%

p.a.

Term: 24 months
Deposit: $5,000 – $1,999,999
Interest paid: Semi-annually
Monthly fee: $0

Compare View details

Pros

5.15% p.a. fixed for the full 2-year term
Government guaranteed up to $250,000
Interest paid semi-annually

Cons

Your money is locked away for the 2-year term
Requires at least $5,000
Breaking early usually needs notice and reduces your interest
Fixed rate, you won't benefit if rates rise during the term

Suncorp Bank — Term Deposit ($1,000,000-$2,000,000) - 4 months

Term Deposit Govt guaranteed

9.4 Excellent

5.15%

p.a.

Term: 4 months
Deposit: $10,000 – $2,000,000
Interest paid: At maturity
Monthly fee: $0

Compare View details

Pros

5.15% p.a. fixed for the full 4-month term
Government guaranteed up to $250,000
Interest paid at maturity

Cons

Your money is locked away for the 4-month term
Requires at least $10,000
Breaking early usually needs notice and reduces your interest
Fixed rate, you won't benefit if rates rise during the term

Suncorp Bank — Term Deposit ($100,000-$999,999) - 4 months

Term Deposit Govt guaranteed

9.4 Excellent

5.15%

p.a.

Term: 4 months
Deposit: $100,000 – $1,000,000
Interest paid: At maturity
Monthly fee: $0

Compare View details

Pros

5.15% p.a. fixed for the full 4-month term
Government guaranteed up to $250,000
Interest paid at maturity

Cons

Your money is locked away for the 4-month term
Requires at least $100,000
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.

Best term deposit rates in Australia June 2026

Pros

Cons

Pros

Cons

Pros

Cons

Pros

Cons

Pros

Cons

Pros

Cons

Pros

Cons

Pros

Cons

Pros

Cons

Pros

Cons

Pros

Cons

Pros

Cons

Pros

Cons

Pros

Cons

Pros

Cons

Pros

Cons

Pros

Cons

Pros

Cons

Pros

Cons

Pros

Cons

Pros

Cons

Pros

Cons

Pros

Cons

Pros

Cons

Pros

Cons

Important information