Summary: Modest number of rate changes; 25 increases, 5 decreases; Judo now 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 30 changes, 25 took the form of rate increases.
One of the major banks changed its term deposit rates this week. ANZ raised its 4 month rate by 60bps and its 10-year rate by 10bps.
Among the smaller ADIs, the more notable changes came from Bendigo and Adelaide Bank, with identical changes by Rural Bank. Judo Bank also raised a number of rates.
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 now 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 | 1.25 | 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 | 3.95 | 3.95 | 3.95 | 4.10 | 4.10 | 4.10 | 4.10 | 4.10 |
| 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 | 3.15 | 3.75 | 3.75 | 4.15 | 4.00 | 4.00 | ||||||
| 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 | 1.75 | 2.00 | 3.15 | 3.30 | 3.50 | 3.75 | 3.80 | 4.00 | ||||
| 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 | 2.50 | 3.65 | 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 | 3.00 | 3.60 | 3.70 | 4.10 | 4.30 | 4.30 | 4.30 | 4.30 | |||
| Great Southern Bank | 1.10 | 1.45 | 3.05 | 2.05 | 2.10 | 3.55 | 3.75 | 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 | 4.00 | 4.00 | 4.05 | 4.10 | 4.15 |
| 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 | 3.00 | 2.75 | 3.60 | 3.35 | 4.10 | 4.20 | ||||||
| Judo Bank | 3.45 | 4.00 | 4.05 | 4.40 | 4.55 | 4.55 | 4.55 | 4.65 | ||||
| Macquarie Bank | 0.05 | 0.85 | 3.35 | 3.40 | 3.75 | 3.85 | 4.00 | 3.90 | 3.85 | 3.85 | 3.90 | |
| ME Bank | 0.75 | 0.80 | 2.25 | 1.25 | 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 | 3.25 | 2.00 | 2.85 | 2.90 | 4.10 | 4.00 | 4.00 | 4.00 | 4.00 | |
| Police Bank | 2.50 | 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 | 3.00 | 3.00 | 3.00 | 3.80 | 3.90 | 4.10 | 4.30 | 4.30 | 4.50 | 4.60 |
| 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 | 2.75 | 2.70 | 3.15 | 3.60 | 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 | 1.75 | 2.50 | 3.50 | 3.75 | ||||||||
| UBank | 0.65 | 0.90 | 2.25 | 2.25 | 2.25 | 2.60 | 2.90 | 3.40 | ||||
| Bank First | 0.75 | 1.00 | 2.95 | 2.95 | 3.50 | 3.60 | 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.