Summary: Moderate number of rate changes; 31 increases, 7 decreases; notable rate changes from Great Southern, P&N, Rabobank; Judo offers highest rate in survey.
There were a moderate number of rate changes made by banks, building societies and other approved deposit-taking institutions (ADIs) in this week’s YieldReport survey. Of the 38 changes which took place, 31 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 Great Southern Bank. It raised its rates on terms of 1 month out to 1 year by amounts ranging from 15bps to 55bps while it also reduced 3-year, 4-year and 5-year rates by 10bps, 30bps and 30bps respectively.
Other notable changes were made by P&N Bank and Rabobank Australia.
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.