Summary: Moderate number of rate changes; 48 increases, no decreases; notable changes made Macquarie Bank, Defence Bank, The Capricornian; AMP 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. All 48 changes took the form of rate increases.
One of the four major banks changed its term deposit rates this week. ANZ raised its rates on terms of 1 month through to 9 months by amounts ranging from 20bps to 50bps.
Among the smaller ADIs, the most notable changes came from Macquarie Bank, Defence Bank and The Capricornian.
See our table below for any other changes as well as the latest rates and terms which are available. AMP’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 | 1.25 | 1.45 | 2.00 | 3.00 | 2.15 | 2.55 | 2.90 | 4.00 | 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 | 3.75 | 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 | 3.70 | 3.70 | 4.00 | 4.00 | 4.00 | ||||
| AMP Bank | 0.10 | 0.20 | 3.00 | 2.60 | 3.60 | 3.60 | 3.75 | 4.20 | 4.55 | 4.70 | 4.85 | 4.95 |
| Arab Bank Australia | 1.10 | 1.40 | 2.55 | 2.60 | 2.60 | 3.00 | 3.30 | 3.75 | 4.00 | 4.00 | 4.00 | 4.00 |
| 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 | 2.25 | 2.25 | 3.75 | 3.75 | 3.75 | 4.00 | 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 | 1.55 | 1.85 | 2.75 | 2.85 | 2.95 | 3.30 | 3.40 | 3.80 | ||||
| BankVic | 1.95 | 1.95 | 1.95 | 2.45 | 2.75 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | ||
| Beyond Bank | 2.15 | 3.05 | 3.30 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | ||||
| Bendigo Bank | 0.10 | 0.10 | 0.20 | 1.55 | 0.45 | 0.45 | 2.55 | 3.00 | 2.80 | 2.85 | 2.90 | 2.90 |
| 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 | 2.75 | 3.30 | 3.50 | 4.00 | 4.30 | 4.30 | 4.30 | 4.30 | |||
| CUA | 0.60 | 0.95 | 2.35 | 1.60 | 1.65 | 3.35 | 3.00 | 3.90 | 4.00 | 4.00 | 4.00 | 4.00 |
| Defence Bank | 2.50 | 3.10 | 3.25 | 3.65 | 4.10 | |||||||
| Greater Bank | 0.10 | 0.10 | 2.10 | 0.75 | 2.10 | 2.75 | 2.40 | 4.00 | 4.00 | 4.05 | 4.10 | 4.15 |
| Heritage Bank | 1.00 | 1.25 | 2.10 | 1.60 | 1.60 | 2.90 | 3.15 | 4.00 | 4.05 | 4.05 | 4.10 | 4.10 |
| Horizon Credit Union | 1.00 | 1.20 | 1.70 | 1.80 | 2.20 | 2.50 | 3.60 | 4.00 | 4.00 | |||
| HSBC | 1.85 | 1.85 | 2.85 | 2.60 | 2.60 | 3.25 | 3.50 | 4.00 | 4.10 | 4.10 | 4.10 | 4.10 |
| IMB | 2.00 | 2.50 | 3.80 | 4.00 | 4.00 | 4.00 | 4.00 | |||||
| ING Direct | 1.90 | 2.00 | 3.00 | 2.95 | 3.80 | 4.00 | ||||||
| Judo Bank | 3.10 | 3.85 | 3.85 | 4.25 | 4.50 | 4.65 | 4.80 | 4.90 | ||||
| Macquarie Bank | 0.05 | 0.85 | 3.00 | 3.00 | 3.60 | 3.75 | 3.90 | 3.90 | 3.90 | 3.90 | 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 | 3.40 | 2.50 | 4.00 | 4.05 | |||
| Newcastle Permanent | 1.00 | 1.00 | 2.25 | 2.25 | 2.25 | 2.85 | 2.85 | 3.90 | 4.25 | 4.00 | 4.00 | 4.00 |
| People's Choice Credit Union | 1.00 | 2.60 | 2.00 | 2.00 | 2.85 | 2.90 | 4.10 | 4.00 | 4.00 | 4.00 | 4.00 | |
| Police Bank | 2.00 | 1.90 | 1.90 | 2.45 | 2.05 | 3.95 | ||||||
| P&N Bank | 1.25 | 2.60 | 2.35 | 2.00 | 3.60 | 2.90 | 4.10 | 4.10 | 4.00 | 4.00 | 4.00 | |
| QT Mutual Bank | 0.35 | 1.00 | 2.00 | 2.00 | 2.00 | 2.90 | 3.20 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 |
| Rabobank Australia | 1.00 | 1.25 | 2.75 | 2.75 | 2.75 | 3.40 | 3.50 | 4.10 | 4.20 | 4.30 | 4.50 | 4.60 |
| Rural Bank | 0.10 | 0.10 | 0.20 | 1.55 | 0.45 | 0.75 | 2.55 | 3.00 | 2.80 | 2.85 | 2.90 | 2.90 |
| 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 | 1.20 | 1.80 | 2.25 | 1.80 | 2.60 | 3.05 | 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 | 2.75 | 2.75 | 3.15 | 3.40 | 3.60 | 3.70 | 3.80 | 3.90 | 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.