Summary: Moderate number of rate changes; 57 increases; Judo offers still 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. All 57 took the form of rate increases.
None of the major banks changed their term deposit rates this week.
Among the smaller ADIs, the most notable changes came from Rabobank Australia. Its rates on terms of 3 months and longer were all raised by at least 10bps and by as much as 50bps in some cases.
Other notable changes were made by ME Bank, Bank of Sydney and ING Direct.
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 still offers the highest rate in this week’s survey after its 5-year rate was increased by 20bps.
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 | 1.25 | 1.45 | 2.00 | 3.60 | 2.15 | 2.55 | 2.90 | 4.10 | 4.00 | 4.00 | 4.00 | 4.00 |
| CBA | 1.25 | 1.50 | 2.00 | 2.10 | 2.20 | 2.50 | 2.80 | 2.80 | 4.00 | 4.00 | 4.00 | 4.00 |
| NAB | 1.25 | 1.45 | 2.00 | 2.10 | 2.15 | 2.55 | 2.90 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 |
| Westpac | 1.00 | 1.25 | 1.50 | 1.60 | 1.70 | 2.00 | 2.30 | 3.35 | 4.00 | 4.00 | 4.00 | 4.00 |
| Military Bank | 3.00 | 3.00 | 3.00 | 4.00 | 4.00 | 4.00 | 4.20 | 4.20 | ||||
| AMP Bank | 0.10 | 0.20 | 3.35 | 3.35 | 3.75 | 3.95 | 3.95 | 4.10 | 4.20 | 4.00 | 4.00 | 4.00 |
| Arab Bank Australia | 1.50 | 1.75 | 2.85 | 3.00 | 3.20 | 3.50 | 3.75 | 4.00 | 4.10 | 4.10 | 4.10 | 4.10 |
| Bank of Melbourne | 1.00 | 1.25 | 1.50 | 1.60 | 1.70 | 2.00 | 2.30 | 3.35 | 4.00 | 4.00 | 4.00 | 4.00 |
| Bank Australia | 3.20 | 3.75 | 3.75 | 4.20 | 4.20 | 4.20 | ||||||
| BankSA | 1.00 | 1.25 | 1.50 | 1.60 | 1.70 | 2.00 | 2.30 | 3.35 | 4.00 | 4.00 | 4.00 | 4.00 |
| Bankwest | 1.00 | 1.10 | 1.80 | 1.60 | 1.60 | 3.20 | 3.20 | 4.10 | 3.00 | 3.00 | 3.00 | 3.00 |
| Bank of Sydney | 2.25 | 2.50 | 3.40 | 3.50 | 3.60 | 4.00 | 4.05 | 4.10 | ||||
| BankVic | 2.70 | 2.70 | 2.70 | 3.50 | 3.50 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | ||
| Beyond Bank | 2.80 | 3.35 | 3.65 | 3.60 | 4.10 | 4.00 | 4.00 | 4.00 | ||||
| Bendigo Bank | 0.50 | 0.60 | 0.70 | 2.25 | 0.90 | 1.00 | 2.95 | 3.75 | 3.30 | 3.35 | 3.35 | 3.35 |
| Bank of Queensland | 0.75 | 0.80 | 2.25 | 1.25 | 1.25 | 3.75 | 3.85 | 4.00 | 4.20 | 3.30 | 3.30 | |
| BOQ Specialist | 2.25 | 1.25 | 3.10 | 3.75 | 4.10 | 4.30 | 3.50 | 3.50 | 3.50 | |||
| Citibank | 1.00 | 3.40 | 3.90 | 3.90 | 4.20 | 4.30 | 4.30 | 4.30 | 4.30 | |||
| Great Southern Bank | 1.10 | 1.45 | 3.25 | 2.05 | 2.10 | 3.80 | 3.85 | 4.20 | 4.20 | 4.10 | 4.30 | 4.30 |
| Defence Bank | 2.90 | 3.40 | 3.60 | 3.90 | 4.20 | |||||||
| Greater Bank | 0.10 | 0.10 | 2.50 | 2.50 | 2.50 | 3.60 | 3.60 | 4.10 | 4.25 | 4.25 | 4.25 | 4.25 |
| Heritage Bank | 1.00 | 1.25 | 2.10 | 2.00 | 2.00 | 2.90 | 3.15 | 4.00 | 4.05 | 4.05 | 4.10 | 4.10 |
| Horizon Credit Union | 1.00 | 1.20 | 2.00 | 2.10 | 2.50 | 2.70 | 3.70 | 4.00 | 3.75 | |||
| HSBC | 1.85 | 1.85 | 3.05 | 2.60 | 2.60 | 3.25 | 3.50 | 4.00 | 4.10 | 4.10 | 4.10 | 4.10 |
| IMB | 2.50 | 3.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | |||||
| ING Direct | 3.30 | 3.40 | 3.95 | 3.90 | 4.15 | 4.25 | ||||||
| Judo Bank | 3.70 | 4.15 | 4.20 | 4.45 | 4.70 | 4.55 | 4.65 | 4.85 | ||||
| Macquarie Bank | 0.05 | 0.85 | 3.45 | 3.40 | 3.85 | 3.95 | 4.20 | 3.90 | 3.85 | 3.85 | 3.90 | |
| ME Bank | 0.75 | 0.80 | 2.25 | 3.65 | 1.25 | 3.10 | 3.75 | 4.10 | 4.30 | 3.50 | 3.50 | 3.50 |
| MyState | 0.50 | 0.50 | 2.50 | 1.30 | 2.00 | 3.35 | 3.60 | 3.90 | 4.05 | |||
| Newcastle Permanent | 1.00 | 1.00 | 2.50 | 2.25 | 2.25 | 3.60 | 2.85 | 4.10 | 4.25 | 4.00 | 4.00 | 4.00 |
| People's Choice Credit Union | 1.00 | 2.60 | 3.40 | 2.00 | 2.85 | 2.90 | 4.20 | 4.00 | 4.00 | 4.00 | 4.00 | |
| Police Bank | 2.75 | 1.90 | 1.90 | 3.00 | 2.05 | 3.95 | ||||||
| P&N Bank | 1.50 | 3.00 | 2.75 | 2.90 | 3.75 | 3.75 | 4.10 | 4.10 | 4.10 | 4.10 | 4.10 | |
| RACQ Bank | 0.35 | 1.20 | 2.25 | 2.25 | 2.25 | 3.10 | 3.40 | 4.10 | 4.10 | 4.10 | 4.10 | 4.10 |
| Rabobank Australia | 1.25 | 1.50 | 3.50 | 3.50 | 3.50 | 4.00 | 4.10 | 4.30 | 4.35 | 4.40 | 4.60 | 4.80 |
| Rural Bank | 0.50 | 0.60 | 0.70 | 2.25 | 0.90 | 1.00 | 2.95 | 3.75 | 3.30 | 3.35 | 3.35 | 3.35 |
| St. George Bank - Except VIC | 1.00 | 1.25 | 1.50 | 1.60 | 1.70 | 2.00 | 2.30 | 3.35 | 4.00 | 4.00 | 4.00 | 4.00 |
| Suncorp Bank | 1.30 | 1.90 | 2.35 | 3.00 | 2.70 | 3.15 | 4.10 | 4.00 | 4.05 | 4.05 | 4.05 | 4.05 |
| Teachers Mutual Bank | 1.10 | 1.10 | 1.10 | 1.35 | 2.00 | 3.50 | 3.70 | 3.80 | ||||
| The Capricornian | 2.00 | 2.70 | 3.70 | 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 | 3.50 | 2.95 | 3.60 | 3.70 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 |
*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.