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Australia · Updated 27 Jun 2026

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.

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Highest term deposit rates right now
#ProviderRate p.a.TermMin 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 1251–1275 of 1,678 offers

Summerland Bank — Term Deposit ($20,000 < $100,000) - 60 months

Term Deposit Govt guaranteed
8.6 Great
3.55%
p.a.
Term
60 months
Deposit
$20,000 – $100,000
Interest paid
Annually
Monthly fee
$0
View details

Pros

  • 3.55% p.a. fixed for the full 5-year term
  • Government guaranteed up to $250,000
  • Interest paid annually

Cons

  • Your money is locked away for the 5-year term
  • Requires at least $20,000
  • Breaking early usually needs notice and reduces your interest
  • Fixed rate, you won't benefit if rates rise during the term

Transport Mutual Credit Union Limited — Term Deposit - 11 months

Term Deposit Govt guaranteed
8.6 Great
3.55%
p.a.
Term
11 months
Deposit
$1,000 – $50,000,000
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • 3.55% p.a. fixed for the full 11-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 11-month term
  • Breaking early usually needs notice and reduces your interest
  • Fixed rate, you won't benefit if rates rise during the term

Greater Bank — Term Deposit ($50000-$5000000) - 48 months

Term Deposit Govt guaranteed
8.6 Great
3.55%
p.a.
Term
48 months
Deposit
$50,000 – $5,000,000
Interest paid
Annually
Monthly fee
$0
View details

Pros

  • 3.55% p.a. fixed for the full 4-year term
  • Government guaranteed up to $250,000
  • Interest paid annually

Cons

  • Your money is locked away for the 4-year term
  • Requires at least $50,000
  • Breaking early usually needs notice and reduces your interest
  • Fixed rate, you won't benefit if rates rise during the term

QBank — Term Deposit ($2k-$10k) - 60 months

Term Deposit Govt guaranteed
8.6 Great
3.55%
p.a.
Term
60 months
Deposit
$2,000 – $9,999
Interest paid
Annually
Monthly fee
$0
View details

Pros

  • 3.55% p.a. fixed for the full 5-year term
  • Government guaranteed up to $250,000
  • 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

Beyond Bank — Term Deposit ($50,000 - $199,999) - 36 months

Term Deposit Govt guaranteed
8.6 Great
3.55%
p.a.
Term
36 months
Deposit
$50,000 – $199,999
Interest paid
Monthly
Monthly fee
$0
View details

Pros

  • 3.55% p.a. fixed for the full 3-year term
  • Government guaranteed up to $250,000
  • Interest paid monthly

Cons

  • Your money is locked away for the 3-year term
  • Requires at least $50,000
  • Breaking early usually needs notice and reduces your interest
  • Fixed rate, you won't benefit if rates rise during the term

QBank — Term Deposit ($2k-$10k) - 36 months

Term Deposit Govt guaranteed
8.6 Great
3.55%
p.a.
Term
36 months
Deposit
$2,000 – $9,999
Interest paid
Annually
Monthly fee
$0
View details

Pros

  • 3.55% p.a. fixed for the full 3-year term
  • Government guaranteed up to $250,000
  • Interest paid 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

Greater Bank — Term Deposit ($5000-$49999) - 60 months

Term Deposit Govt guaranteed
8.6 Great
3.55%
p.a.
Term
60 months
Deposit
$5,000 – $49,999
Interest paid
Annually
Monthly fee
$0
View details

Pros

  • 3.55% p.a. fixed for the full 5-year term
  • Government guaranteed up to $250,000
  • Interest paid annually

Cons

  • Your money is locked away for the 5-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

Newcastle Permanent — Term Deposit - 48 months

Term Deposit Govt guaranteed
8.6 Great
3.55%
p.a.
Term
48 months
Deposit
$1,000 – $9,999,999
Interest paid
Annually
Monthly fee
$0
View details

Pros

  • 3.55% p.a. fixed for the full 4-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 4-year term
  • Breaking early usually needs notice and reduces your interest
  • Fixed rate, you won't benefit if rates rise during the term

Greater Bank — Term Deposit ($5000-$49999) - 48 months

Term Deposit Govt guaranteed
8.6 Great
3.55%
p.a.
Term
48 months
Deposit
$5,000 – $49,999
Interest paid
Annually
Monthly fee
$0
View details

Pros

  • 3.55% p.a. fixed for the full 4-year term
  • Government guaranteed up to $250,000
  • Interest paid annually

Cons

  • Your money is locked away for the 4-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

Commonwealth Bank — Term Deposit (>$50,000) - 7 months

Term Deposit Govt guaranteed
8.6 Great
3.55%
p.a.
Term
7 months
Deposit
$50,000 – $5,000,000
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • 3.55% 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 $50,000
  • Breaking early usually needs notice and reduces your interest
  • Fixed rate, you won't benefit if rates rise during the term

Regional Australia Bank — Term Deposits - 3 months

Term Deposit Govt guaranteed
8.5 Great
3.50%
p.a.
Term
3 months
Deposit
$1,000 – $500,000
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • 3.5% p.a. fixed for the full 3-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 3-month term
  • Breaking early usually needs notice and reduces your interest
  • Fixed rate, you won't benefit if rates rise during the term

Commonwealth Bank — Term Deposit (>$50,000) - 6 months

Term Deposit Govt guaranteed
8.5 Great
3.50%
p.a.
Term
6 months
Deposit
$50,000 – $5,000,000
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • 3.5% p.a. fixed for the full 6-month term
  • Government guaranteed up to $250,000
  • Interest paid at maturity

Cons

  • Your money is locked away for the 6-month term
  • Requires at least $50,000
  • Breaking early usually needs notice and reduces your interest
  • Fixed rate, you won't benefit if rates rise during the term

HSBC — Term Deposit - 60 months

Term Deposit Govt guaranteed
8.5 Great
3.50%
p.a.
Term
60 months
Deposit
$5,000 – $1,000,000
Interest paid
Annually
Monthly fee
$0
View details

Pros

  • 3.5% p.a. fixed for the full 5-year term
  • Government guaranteed up to $250,000
  • Interest paid annually

Cons

  • Your money is locked away for the 5-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

HSBC — Term Deposit - 48 months

Term Deposit Govt guaranteed
8.5 Great
3.50%
p.a.
Term
48 months
Deposit
$5,000 – $1,000,000
Interest paid
Annually
Monthly fee
$0
View details

Pros

  • 3.5% p.a. fixed for the full 4-year term
  • Government guaranteed up to $250,000
  • Interest paid annually

Cons

  • Your money is locked away for the 4-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

Commonwealth Bank — Term Deposit (<$50,000) - 7 months

Term Deposit Govt guaranteed
8.5 Great
3.50%
p.a.
Term
7 months
Deposit
$5,000 – $5,000,000
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • 3.5% 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 $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 - 6 months

Term Deposit Govt guaranteed
8.5 Great
3.50%
p.a.
Term
6 months
Deposit
$5,000 – $100,000
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • 3.5% p.a. fixed for the full 6-month term
  • Government guaranteed up to $250,000
  • Interest paid at maturity

Cons

  • Your money is locked away for the 6-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

The Mac — Term Deposit (>$5,000) - 3 months

Term Deposit Govt guaranteed
8.5 Great
3.50%
p.a.
Term
3 months
Deposit
$5,000 – $10,000
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • 3.5% p.a. fixed for the full 3-month term
  • Government guaranteed up to $250,000
  • Interest paid at maturity

Cons

  • Your money is locked away for the 3-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

RACQ Bank — Term Deposit - 10 months

Term Deposit Govt guaranteed
8.5 Great
3.50%
p.a.
Term
10 months
Deposit
$1,000 – $1,000,000
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • 3.5% p.a. fixed for the full 10-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 10-month term
  • Breaking early usually needs notice and reduces your interest
  • Fixed rate, you won't benefit if rates rise during the term

Beyond Bank — Term Deposit ($2,000 - $49,999) - 36 months

Term Deposit Govt guaranteed
8.5 Great
3.50%
p.a.
Term
36 months
Deposit
$2,000 – $49,999
Interest paid
Monthly
Monthly fee
$0
View details

Pros

  • 3.5% p.a. fixed for the full 3-year term
  • Government guaranteed up to $250,000
  • Interest paid monthly

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

Suncorp Bank — flexiRates (online) - 6 months

Term Deposit Govt guaranteed
8.5 Great
3.50%
p.a.
Term
6 months
Deposit
$1 – $1,000,000
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • 3.5% p.a. fixed for the full 6-month term
  • Government guaranteed up to $250,000
  • Low $1 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

HSBC — Term Deposit - 24 months

Term Deposit Govt guaranteed
8.5 Great
3.50%
p.a.
Term
24 months
Deposit
$5,000 – $1,000,000
Interest paid
Annually
Monthly fee
$0
View details

Pros

  • 3.5% 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

Great Southern Bank — Term Deposit - 1 month

Term Deposit Govt guaranteed
8.5 Great
3.50%
p.a.
Term
1 months
Deposit
$5,000 – $10,000,000
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • 3.5% p.a. fixed for the full 1-month term
  • Government guaranteed up to $250,000
  • Interest paid at maturity

Cons

  • Your money is locked away for the 1-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

RACQ Bank — Term Deposit - 11 months

Term Deposit Govt guaranteed
8.5 Great
3.50%
p.a.
Term
11 months
Deposit
$1,000 – $1,000,000
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • 3.5% p.a. fixed for the full 11-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 11-month term
  • Breaking early usually needs notice and reduces your interest
  • Fixed rate, you won't benefit if rates rise during the term

RACQ Bank — Term Deposit - 8 months

Term Deposit Govt guaranteed
8.5 Great
3.50%
p.a.
Term
8 months
Deposit
$1,000 – $1,000,000
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • 3.5% p.a. fixed for the full 8-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 8-month term
  • Breaking early usually needs notice and reduces your interest
  • Fixed rate, you won't benefit if rates rise during the term

Bank of Sydney — Term Deposit - 5 months

Term Deposit Govt guaranteed
8.5 Great
3.50%
p.a.
Term
5 months
Deposit
$1,000 – $500,000
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • 3.5% p.a. fixed for the full 5-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 5-month 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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