Term Deposits

7 July – 11 July 2025

Summary:

The movements in term deposit rates by major and non-major banks continue to show variability. Over the past week, ending July 11, 2025, there were a mix of up and down movements, though stability is notable in some terms. Our survey across 42 institutions indicates that the most contested term deposit term remains 6 months, followed by 3 months and 1 year, with sample sizes of 42 each. 

This week the best rate with a 3-month term was 4.45%, steady from the week before, with in1bank offering the top rate. The median rate of 3.88% reflects a broad range from 2.25% to 4.45%. 

This week the best rate within 6 months term was 4.60%, unchanged from last week, offered by Teachers Mutual Bank. The median rate of 4.08% shows a tight quartile spread of 0.44%, indicating consistency. 

Interestingly, the best 5-year rate held at 4.40%, led by Rabobank Australia, with Judo Bank at 4.35%. The median rate held at 3.35%, with a range from 2.00% to 4.40%. 

Our analysis shows term deposits with rates above 4% are holding strong. In the 3-month category, 12 institutions now offer over 4%, unchanged from last week. In the 6-month category, 22 institutions exceed 4%, unchanged from last week, reinforcing the 6-month term’s competitiveness. 

 

term deposit rates

Term deposit rates by Institution

Institution1 month2 month3 month4 month5 month6 month9 month1 Year2 Year3 Year4 Year5 Year
ANZ1.201.452.702.802.902.953.203.653.402.902.902.90
Commonwealth Bank1.201.452.852.953.003.053.203.503.403.403.403.40
NAB1.201.452.853.003.103.053.303.902.902.902.902.90
Westpac1.251.452.752.903.003.053.303.753.503.003.003.00
Military Bank 3.15↓3.85↓3.85↓4.453.85↓3.85↓3.55↓3.55↓
AMP Bank0.100.204.204.154.304.304.003.953.703.003.003.00
Arab Bank Australia1.251.253.953.803.804.353.853.753.403.303.303.20
Bank of Melbourne1.251.452.752.903.003.053.303.702.802.902.902.90
Bank Australia 4.00↓4.15↓3.95↓3.903.803.80
BankSA1.251.452.752.903.003.053.303.752.802.902.902.90
Bankwest2.002.003.753.004.00↓3.80↓3.70↓3.803.603.603.753.75
Bank of Sydney1.251.503.953.503.504.30↓4.15↓4.05↓
BankVic 3.604.004.204.103.704.004.004.004.004.00
Beyond Bank 4.003.853.653.603.353.253.253.25
Bendigo Bank1.251.502.903.403.103.153.703.602.953.003.003.00
BOQ0.750.802.254.101.254.103.903.903.003.003.00
BOQ Specialist 4.254.154.204.003.953.503.503.503.50
Great Southern Bank1.301.604.154.30↓4.00↓4.30↓3.953.903.50↓3.30↓3.30↓3.30↓
Defence Bank 3.603.603.703.753.753.853.45
Greater Bank1.001.003.853.853.854.153.703.803.403.653.403.40
Heritage Bank1.151.403.854.15↓3.503.95↓3.75↓3.75↓3.60↓3.603.603.60
Horizon Credit Union1.251.503.603.604.003.903.803.603.60
HSBC1.852.003.503.003.003.403.403.403.503.503.503.50
IMB 4.354.00↓3.903.753.754.004.00
ING Direct 4.304.25 4.153.953.953.80
in1bank3.853.904.454.404.304.254.103.953.85
Judo Bank 4.25↓4.35↓4.15↓4.00↓3.95↓4.004.254.35
Macquarie Bank2.102.104.20↑4.15↑4.10↑3.803.803.603.653.803.80
ME Bank0.750.804.204.154.154.202.002.002.002.002.002.00
MyState Bank0.500.504.004.154.204.204.004.003.75
Newcastle Permanent1.001.003.853.853.854.153.703.803.403.653.403.40
People's Choice Credit Union 1.403.854.15↓3.503.95↓3.75↓3.75↓3.60↓3.603.603.60
Police Bank 4.103.753.004.254.003.95
P&N Bank 1.603.903.104.253.903.904.004.004.004.004.00
RACQ Bank0.551.604.153.503.504.204.004.003.303.303.303.30
Rabobank Australia2.002.104.153.903.904.003.903.853.703.804.254.40
Rural Bank Limited 4.000.000.003.853.653.603.353.253.253.25
St.George Bank - Except VIC1.251.452.752.903.003.053.303.752.802.902.902.90
Suncorp Bank1.301.903.653.953.304.053.753.703.203.203.203.20
Teachers Mutual Bank 4.404.254.054.604.304.303.803.80
The Capricornian 3.00 3.25 3.803.70
Bank First0.751.004.104.10 4.203.953.903.503.503.503.50
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