Term Deposits

Summary: Few rate changes again this week; notable changes made by Beyond, AMP; Judo offers still highest rate in survey.

There were few changes by banks, building societies and other approved deposit-taking institutions (ADIs) again in this week’s YieldReport survey. Of the thirteen changes, seven took the form of rate increases. No changes were made by the major banks.

Among the smaller ADIs, the most notable changes came from Beyond Bank. Its 3-month, 6-month, 9-month and 1-year rates were each lowered by 10bps while rates on terms of 2 years and longer were all raised by 10bps each.

The other set of notable changes were made by AMP Bank. It raised its 3-month and 4-month rates by 10bps each.

See our table below for the latest rates and terms which are available. Judo Bank’s 5-year deposit still offers the highest rate in this week’s survey.

TERM DEPOSITS 250K TO $1M+

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	0.05	0.05	0.05	0.05	0.05	0.10	0.10	0.15	0.15	0.15	0.15	0.15
CBA	0.05	0.05	0.07	0.08	0.10	0.15	0.20	0.25	0.30	0.30	0.30	0.30
NAB	0.05	0.05	0.07	0.08	0.10	0.15	0.20	0.25	0.30	0.30	0.30	0.30
Westpac	0.05	0.05	0.07	0.07	0.10	0.15	0.20	0.25	0.30	0.30	0.30	0.30
Military Bank			0.50	0.50	0.50	0.60	0.60	0.75	0.75	0.75
AMP Bank	0.10	0.20	0.7	0.7	0.85	0.85	0.90	1.00	1.00	1.00	1.00	1.00
Arab Bank Australia	0.15	0.20	0.60	0.50	0.50	0.75	0.75	0.85	1.00	1.00	0.85	1.00
Bank of Melbourne	0.05	0.05	0.07	0.07	0.10	0.15	0.20	0.25	0.30	0.30	0.30	0.30
Bank Australia			0.25	0.25	0.25	0.35	0.35	0.50	0.50	0.60
BankSA	0.05	0.05	0.07	0.07	0.10	0.15	0.20	0.25	0.30	0.30	0.30	0.30
Bank of Baroda Australia	0.30	0.30	0.40	0.40	0.40	0.50	0.50	0.50	0.50	0.50	0.50	0.50
Bankwest	0.05	0.10	0.20	0.20	0.20	0.40	0.25	0.45	0.50	0.50	0.50	0.50
Bank of Sydney	0.15	0.20	0.35	0.40	0.65	0.45	0.50	0.45
BankVic			0.45	0.45	0.45	0.45	0.45	0.45	0.50	0.50	0.50	0.50
Beyond Bank			0.3			0.3	0.3	0.4	0.6	0.6	0.6	0.6
Bendigo Bank	0.05	0.05	0.10	0.10	0.10	0.25	0.25	0.30	0.25	0.30	0.30	0.30
Bank of Queensland	0.05	0.15	0.30	0.20	0.20	0.35	0.25	0.45	0.70	1.00	1.00
BOQ Specialist			0.35	0.25		0.35	0.35	0.50	0.85	1.00	1.00	1.00
Citibank	0.15		0.50			0.50	0.50	0.50	0.50	0.50	0.50	0.50
CUA	0.10	0.15	0.50	0.50	0.50	0.50	0.50	0.65	0.65	0.65	0.65	0.65
Defence Bank	0.10	0.10	0.30	0.30	0.30	0.40	0.40	0.45	0.55
Delphi Bank	0.05	0.05	0.10	0.05	0.10	0.30	0.25	0.30	0.25	0.30	0.30	0.30
Greater Bank	0.10	0.10	0.20	0.20	0.20	0.25	0.25	0.35	0.65	0.80	0.90	1.00
Heritage Bank	0.10	0.20	0.35	0.40	0.40	0.40	0.40	0.60	0.60	0.70	0.70	0.70
Horizon Credit Union	0.10	0.10	0.25	0.25		0.30	0.30	0.40	0.40	0.40
HSBC	0.05	0.10	0.30	0.15	0.15	0.30	0.15	0.50	0.50	0.50	0.50	0.50
IMB	0.10	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.40	0.40	0.50	0.60
ING Direct			0.05	0.05		0.07	0.18	0.22	0.25
Judo Bank			0.82			0.89	0.94	0.99	1.20	1.15	1.20	1.40
Macquarie Bank	0.05	0.05	0.30	0.30		0.30	0.30	0.55	0.60	0.60	0.60	0.60
ME Bank	0.15	0.15	0.40	0.40	0.45	0.50	0.55	0.60	0.60	0.80	1.00	1.20
Newcastle Permanent	0.10	0.10	0.20	0.20	0.20	0.30	0.30	0.40	0.45	0.80	0.90	1.00
People's Choice Credit Union		0.10	0.25	0.45	0.20	0.20	0.30	0.60	0.60	0.75	0.75	0.75
Police Bank	0.40	0.40	0.40	0.40	0.40	0.40	0.45	0.65
P&N Bank		0.10	0.20	0.20	0.20	0.40	0.25	0.45	0.45	0.55	0.55	0.55
QT Mutual Bank	0.05	0.15	0.40	0.40	0.40	0.50	0.50	0.60	0.65	0.65	0.65	0.65
Rabobank Australia	0.15	0.15	0.45	0.45	0.45	0.75	0.50	0.75	0.50	0.50	1.05	1.25
Rural Bank	0.05	0.05	0.10	0.10	0.10	0.30	0.25	0.30	0.25	0.30	0.30	0.30
St. George Bank - Except VIC	0.05	0.05	0.07	0.07	0.10	0.15	0.20	0.25	0.30	0.30	0.30	0.30
Suncorp Bank	0.10	0.15	0.45	0.25	0.25	0.50	0.65	0.70	0.80	0.85	0.90	0.95
Teachers Mutual Bank			0.50	0.50	0.50	0.55	0.55	0.55	0.60	0.60
The Capricornian			0.30			0.35		0.40	0.60
UBank	0.15	0.20	0.45	0.40	0.40	0.45	0.35	0.35
Bank First	0.15	0.20	0.40	0.50		0.50	0.50	0.60	0.60	0.60	0.60	0.60

^{*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.}