Australia · Updated 29 Jun 2026
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.
| # | 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 |
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.
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