Summary:
The movements in term deposit rates by major and non-major banks continue to show stability this week. Over the past week, ending November 14, 2025, there were minimal adjustments, with notable consistency across most terms despite some isolated tweaks. Our survey across 42 institutions indicates that the most contested term deposit term remains 6 months, followed by 3 months and 1 year, with sample sizes of 42 each.
This week the best rate with a 3-month term was 4.38%, steady from the week before, with in1bank offering the top rate. The median rate of 3.80% reflects a broad range from 2.25% to 4.38%.
This week the best rate within 6 months term was 4.40%, unchanged from last week, offered by Military Bank. The median rate of 3.95% shows a tight quartile spread of 0.31%, indicating consistency.
Interestingly, the best 5-year rate held steady at 4.30% from last week, led by Judo Bank and Rabobank Australia. The median rate held at 3.30%, with a range from 2.00% to 4.30%.
Our analysis shows term deposits with rates above 4% are holding strong. In the 3-month category, 5 institutions now offer over 4%, unchanged from last week. In the 6-month category, 11 institutions exceed 4%, steady from last week, reinforcing the 6-month term’s competitiveness.
For the 3-month term, the top rates are led by in1bank at 4.38%, followed closely by BOQ Specialist at 4.20%, ING Direct and Bank Australia at 4.15% and Teachers Mutual Bank at 4.05%. In the 6-month category, Military Bank tops the list with 4.40%, followed by ING Direct at 4.35%, Bank Australia at 4.25% and Arab Bank Australia at 4.20%. For the 5-year term, Rabobank Australia and Judo Banks stand at the top with 4.30% followed by IMB at 4.0%.
Defensive Income- Term Deposits
| Institution | 1 month | 3 month | 6 month | 9 month | 1 Year | 2 Year | 3 Year | 4 Year | 5 Year |
|---|---|---|---|---|---|---|---|---|---|
| Bank Australia | 4.15 | 4.25 | 4.20 | 4.20 | 3.80 | 3.80 | |||
| BOQ Specialist | 4.20 | 4.10 | 3.95 | 3.95 | 3.50 | 3.50 | 3.50 | 3.50 | |
| IMB | 4.00 | 3.90 | 3.80 | 3.50 | 3.60 | 4.00 | 4.00 | ||
| Bendigo Bank Agribusiness | 2.00 | 3.00 | 3.85 | 4.00 | 3.60 | ||||
| The Capricornian | 3.00 | 3.25 | 3.65 | 3.45 | |||||
| ING Direct | 4.15 | 4.35 | 4.00 | 4.20 | 3.90 | ||||
| Bank First | 0.75 | 4.00 | 4.05 | 3.80 | 3.80 | 3.30 | 3.30 | 3.30 | 3.30 |
| Beyond Bank | 3.85 | 3.70 | 3.55 | 3.60 | 3.25 | 3.15 | 3.15 | 3.15 | |
| Horizon Credit Union | 1.25 | 3.60 | 3.80 | 3.70 | 3.70 | 3.50 | 3.50 | ||
| Judo Bank | 3.90 | 3.90 | 4.10 | 3.90 | 3.95 | 4.00 | 4.20 | 4.30 | |
| Macquarie Bank | 2.10 | 3.90 | 3.85 | 3.80 | 3.70 | 3.60 | 3.65 | 3.80 | 3.80 |
| BOQ | 0.75 | 2.25 | 4.00 | 3.85 | 3.90 | 3.00 | 3.00 | 3.00 | |
| Westpac | 1.20 | 2.65 | 2.90 | 3.15 | 3.55 | 3.35 | 2.85 | 2.85 | 2.85 |
| Bank of Melbourne | 1.20 | 2.65 | 2.90 | 3.15 | 3.25 | 2.80 | 2.75 | 2.75 | 2.75 |
| BankSA | 1.20 | 2.65 | 2.90 | 3.15 | 3.50 | 2.80 | 2.75 | 2.75 | 2.75 |
| St.George Bank - Except VIC | 1.20 | 2.65 | 2.90 | 3.15 | 3.55 | 2.80 | 2.75 | 2.75 | 2.75 |
| ANZ | 1.20 | 2.70 | 2.95 | 3.20 | 3.65 | 3.40 | 2.90 | 2.90 | 2.90 |
| NAB | 1.20 | 2.75 | 3.00 | 3.15 | 3.70 | 2.90 | 2.90 | 2.90 | 2.90 |
| Bendigo Bank | 1.20 | 2.75 | 3.00 | 3.20 | 3.60 | 2.95 | 3.00 | 3.00 | 3.00 |
| Commonwealth Bank | 1.20 | 2.85 | 3.05 | 3.20 | 3.70 | 3.40 | 3.40 | 3.40 | 3.40 |
| HSBC | 1.85 | 4.00 | 4.00 | 3.40 | 3.40 | 3.50 | 3.50 | 3.50 | 3.50 |
| Police Bank | 4.00 | 4.00 | 3.75 | 3.70 | |||||
| Heritage Bank | 1.05 | 3.65 | 3.95 | 3.55 | 3.55 | 3.40 | 3.40 | 3.40 | 3.40 |
| People's Choice Credit Union | 3.65 | 3.95 | 3.55 | 3.55 | 3.40 | 3.40 | 3.40 | 3.40 | |
| Suncorp Bank | 1.30 | 4.00 | 4.15 | 3.70 | 3.50 | 3.70 | 3.20 | 3.20 | 3.20 |
| Bank of Sydney | 1.25 | 3.85 | 4.00 | 4.00 | 4.20 | ||||
| RACQ Bank | 0.55 | 4.00 | 3.95 | 3.75 | 3.75 | 3.30 | 3.30 | 3.30 | 3.30 |
| Rabobank Australia | 2.00 | 4.00 | 4.00 | 3.85 | 3.95 | 3.65 | 3.70 | 4.15 | 4.30 |
| Greater Bank | 1.00 | 3.75 | 4.15 | 3.60 | 3.80 | 3.30 | 3.50 | 3.30 | 3.30 |
| Newcastle Permanent | 1.00 | 3.75 | 4.15 | 3.60 | 3.80 | 3.30 | 3.50 | 3.30 | 3.30 |
| Teachers Mutual Bank | 4.05 | 4.05 | 3.95 | 3.85 | 3.25 | 3.25 | |||
| Arab Bank Australia | 1.25 | 3.95 | 4.20 | 3.85 | 3.75 | 3.40 | 3.30 | 3.30 | 3.20 |
| AMP Bank | 0.10 | 3.80 | 4.00 | 3.85 | 3.80 | 3.60 | 3.00 | 3.00 | 3.00 |
| Great Southern Bank | 1.30 | 3.95 | 3.95 | 3.90 | 3.95 | 3.50 | 3.30 | 3.30 | 3.30 |
| Bankwest | 2.00 | 3.75 | 3.80 | 3.70 | 3.70 | 3.50 | 3.50 | 3.55 | 3.55 |
| BankVic | 3.60 | 4.00 | 3.70 | 3.85 | 3.85 | 3.85 | 3.85 | 3.85 | |
| Defence Bank | 3.35 | 3.50 | 3.50 | 3.50 | 3.00 | ||||
| in1bank | 3.50 | 4.38 | 4.00 | 3.80 | 3.70 | 3.60 | |||
| MyState Bank | 0.50 | 3.80 | 4.00 | 3.80 | 3.90 | 3.50 | |||
| P&N Bank | 4.00 | 3.90 | 3.80 | 3.70 | 3.35 | 3.35 | 3.35 | 3.35 | |
| ME Bank | 0.75 | 4.00 | 4.10 | 4.00 | 4.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Military Bank | 3.15 | 4.40 | 4.25 | 3.85 | 3.55 | 3.55 |