Summary: Modest number of rate changes; 23 increases, 2 decreases; notable rate changes from Military Bank, ING, Horizon; Judo offers highest rate in survey.
There were a modest number of rate changes made by banks, building societies and other approved deposit-taking institutions (ADIs) in this week’s YieldReport survey. Of the 25 changes which took place, 23 took the form of rate increases.
None of the major banks changed their respective term deposit rates this week.
Among the smaller ADIs, the most notable changes came from Military Bank. It raised its rates on terms of 3 months and 4 months by 35bps and 40bps respectively while terms of 6 months out to 3 years had their respective rates increased by amounts ranging from 10bps to 50bps.
Other notable changes were made by ING Direct and Horizon Credit Union.
See our table below for any other changes as well as the latest rates and terms which are available. Judo Bank’s 5-year deposit offers the highest rate in this week’s survey.
TERM DEPOSITS $250,000 TO $1 MILLION
| Institution | 1 m nom | 2 m nom | 3 m nom | 4 m nom | 5 m nom | 6 m nom | 9 m nom | 1 Year | 2 Year | 3 Year | 4 Year | 5 Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ANZ | 1.30 | 1.55 | 3.00 | 3.80 | 3.40 | 3.45 | 3.70 | 4.35 | 3.95 | 3.95 | 3.95 | 3.95 |
| CBA | 1.25 | 1.50 | 3.00 | 3.10 | 3.20 | 3.30 | 3.55 | 3.55 | 3.75 | 3.80 | 3.90 | 4.00 |
| NAB | 1.25 | 1.45 | 3.00 | 3.10 | 3.25 | 3.55 | 3.70 | 4.20 | 4.00 | 4.00 | 4.00 | 4.00 |
| Westpac | 1.25 | 1.45 | 3.00 | 3.10 | 3.20 | 3.30 | 3.55 | 3.95 | 4.00 | 4.00 | 4.00 | 4.00 |
| Military Bank | 4.00 | 4.00 | 4.50 | 4.50 | 4.50 | 4.25 | 4.20 | 4.20 | ||||
| AMP Bank | 0.10 | 0.20 | 3.95 | 3.95 | 4.55 | 4.55 | 4.55 | 4.70 | 4.60 | 4.70 | 4.70 | 4.70 |
| Arab Bank Australia | 2.00 | 2.25 | 3.70 | 3.80 | 3.90 | 4.00 | 4.20 | 4.40 | 4.10 | 4.10 | 4.10 | 4.10 |
| Bank of Melbourne | 1.25 | 1.45 | 3.05 | 3.15 | 3.25 | 3.35 | 3.60 | 4.00 | 4.05 | 4.05 | 4.05 | 4.05 |
| Bank Australia | 4.20 | 4.50 | 3.60 | 4.00 | 3.60 | 3.60 | ||||||
| BankSA | 1.25 | 1.45 | 3.05 | 3.15 | 3.25 | 3.35 | 3.60 | 4.00 | 4.05 | 4.05 | 4.05 | 4.05 |
| Bankwest | 1.25 | 1.50 | 3.15 | 2.60 | 2.70 | 3.90 | 3.90 | 4.25 | 4.00 | 4.00 | 4.00 | 4.00 |
| Bank of Sydney | 2.70 | 2.95 | 4.20 | 4.20 | 4.40 | 4.50 | 4.55 | 4.65 | ||||
| BankVic | 3.20 | 3.20 | 3.20 | 4.00 | 4.00 | 4.50 | 4.50 | 4.50 | 4.50 | 4.50 | ||
| Beyond Bank | 3.75 | 4.00 | 4.10 | 4.25 | 4.10 | 4.00 | 4.00 | 4.00 | ||||
| Bendigo Bank | 0.50 | 0.60 | 0.70 | 4.10 | 0.90 | 3.85 | 3.80 | 4.40 | 3.30 | 3.35 | 3.35 | 3.35 |
| Bank of Queensland | 0.75 | 0.80 | 2.25 | 4.00 | 1.25 | 4.25 | 4.45 | 4.40 | 4.20 | 3.30 | 3.30 | |
| BOQ Specialist | 2.25 | 2.30 | 3.40 | 4.10 | 4.10 | 4.30 | 3.50 | 3.50 | 3.50 | |||
| Citibank | 1.00 | 4.00 | 4.50 | 4.50 | 4.70 | 4.40 | 4.20 | 4.20 | 4.20 | |||
| Great Southern Bank | 1.30 | 1.60 | 3.80 | 2.25 | 2.30 | 4.05 | 4.15 | 4.40 | 4.20 | 4.00 | 4.00 | 4.00 |
| Defence Bank | 3.50 | 3.85 | 4.00 | 4.40 | 4.40 | |||||||
| Greater Bank | 0.10 | 0.10 | 3.25 | 2.50 | 2.50 | 4.20 | 3.60 | 4.20 | 4.00 | 4.00 | 4.00 | 4.00 |
| Heritage Bank | 1.25 | 1.25 | 2.75 | 2.75 | 2.75 | 3.90 | 3.15 | 4.50 | 4.05 | 4.05 | 4.10 | 4.10 |
| Horizon Credit Union | 1.25 | 1.50 | 3.00 | 3.10 | 3.30 | 3.50 | 4.20 | 3.90 | 3.80 | |||
| HSBC | 1.85 | 2.00 | 3.50 | 3.25 | 3.25 | 3.75 | 3.75 | 4.05 | 4.10 | 4.10 | 4.10 | 4.10 |
| IMB | 3.30 | 3.60 | 4.40 | 4.00 | 4.00 | 4.00 | 4.00 | |||||
| ING Direct | 3.80 | 3.90 | 4.30 | 4.20 | 4.60 | 4.60 | ||||||
| Judo Bank | 4.35 | 4.65 | 4.75 | 4.80 | 4.80 | 4.85 | 4.85 | 4.95 | ||||
| Macquarie Bank | 0.05 | 0.85 | 4.30 | 4.25 | 4.30 | 4.35 | 4.40 | 3.90 | 3.60 | 3.60 | 3.65 | |
| ME Bank | 0.75 | 0.80 | 2.25 | 4.25 | 1.25 | 3.10 | 4.45 | 4.50 | 4.30 | 3.50 | 3.50 | 3.50 |
| MyState | 0.50 | 0.50 | 2.50 | 1.30 | 4.50 | 4.40 | 3.60 | 4.50 | 3.95 | |||
| Newcastle Permanent | 1.00 | 1.00 | 3.25 | 2.25 | 2.25 | 3.80 | 2.85 | 4.10 | 4.25 | 4.00 | 4.00 | 4.00 |
| People's Choice Credit Union | 1.25 | 2.75 | 2.75 | 2.75 | 3.90 | 3.15 | 4.50 | 4.05 | 4.05 | 4.10 | 4.10 | |
| Police Bank | 3.25 | 3.50 | 1.90 | 3.50 | 2.05 | 4.25 | ||||||
| P&N Bank | 1.75 | 3.85 | 3.25 | 3.00 | 4.00 | 3.75 | 4.30 | 4.30 | 4.20 | 4.20 | 4.20 | |
| RACQ Bank | 0.55 | 2.00 | 3.50 | 3.50 | 3.50 | 4.00 | 4.20 | 4.50 | 4.35 | 4.10 | 4.10 | 4.10 |
| Rabobank Australia | 1.25 | 1.75 | 4.00 | 4.30 | 4.40 | 4.50 | 4.40 | 4.40 | 4.10 | 4.20 | 4.30 | 4.60 |
| Rural Bank | 0.50 | 0.60 | 0.70 | 4.10 | 0.90 | 3.85 | 3.80 | 4.40 | 3.30 | 3.35 | 3.35 | 3.35 |
| St. George Bank - Except VIC | 1.25 | 1.45 | 3.05 | 3.15 | 3.25 | 3.35 | 3.60 | 4.00 | 4.05 | 4.05 | 4.05 | 4.05 |
| Suncorp Bank | 1.30 | 1.90 | 3.15 | 4.05 | 3.45 | 3.55 | 4.20 | 4.25 | 3.95 | 3.95 | 3.95 | 3.95 |
| Teachers Mutual Bank | 1.10 | 1.10 | 1.10 | 1.35 | 2.00 | 3.50 | 3.70 | 3.80 | ||||
| The Capricornian | 2.15 | 3.00 | 3.85 | 4.00 | ||||||||
| UBank | 0.65 | 0.90 | 2.25 | 2.25 | 2.25 | 2.60 | 2.90 | 3.40 | ||||
| Bank First | 0.75 | 1.00 | 4.00 | 4.20 | 4.40 | 4.50 | 4.60 | 4.25 | 4.25 | 4.25 | 4.25 |
*For comparison purposes rates to 1 year are paid at maturity. Rates longer than 1 year are paid annually. Rates are checked each week on company websites and rate sheets.