Summary: Very small number of changes again; only changes made by Citibank, Judo; Judo still offers highest rate in survey.
Once again, there were only a very small number of rate changes by banks, building societies and other approved deposit-taking institutions (ADIs) again in this week’s YieldReport survey. Of eight changes made during the week, five took the form of rate decreases. None of the major banks changed their rates.
Among the smaller ADIs, the more notable of the changes were made by Citibank. Its rates on terms of 3 months, 6 months, 9 months and 1 year were all lowered by 15bps each.
Judo Bank’s changes were a little more varied. Its 3-month rate was trimmed by 5bps while its rates on terms of 6 months, 9 months and 1 year were raised 6bps, 3bps and 7bps respectively.
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 | 0.15 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 |
| CBA | 0.05 | 0.05 | 0.08 | 0.10 | 0.10 | 0.20 | 0.25 | 0.30 | 0.35 | 0.35 | 0.35 | 0.35 |
| NAB | 0.05 | 0.05 | 0.10 | 0.10 | 0.10 | 0.20 | 0.25 | 0.25 | 0.30 | 0.30 | 0.30 | 0.30 |
| Westpac | 0.05 | 0.05 | 0.10 | 0.10 | 0.20 | 0.20 | 0.20 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 |
| Military Bank | 0.50 | 0.50 | 0.50 | 0.60 | 0.60 | 0.75 | 0.75 | 0.75 | ||||
| AMP Bank | 0.10 | 0.20 | 0.30 | 0.30 | 0.35 | 0.35 | 0.40 | 0.75 | 0.75 | 0.80 | 0.80 | 0.80 |
| Arab Bank Australia | 0.15 | 0.20 | 0.75 | 0.60 | 0.60 | 0.75 | 0.75 | 0.85 | 1.00 | 1.00 | 0.85 | 1.00 |
| Bank of Melbourne | 0.05 | 0.05 | 0.10 | 0.10 | 0.20 | 0.20 | 0.20 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 |
| Bank Australia | 0.25 | 0.25 | 0.25 | 0.35 | 0.35 | 0.50 | 0.50 | 0.60 | ||||
| BankSA | 0.05 | 0.05 | 0.10 | 0.10 | 0.20 | 0.20 | 0.20 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 |
| 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 | 0.50 | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 |
| Bank of Sydney | 0.15 | 0.20 | 0.35 | 0.40 | 0.40 | 0.45 | 0.50 | 0.45 | ||||
| BankVic | 0.70 | 0.70 | 0.70 | 0.70 | 0.70 | 0.70 | 0.75 | 0.75 | 0.75 | 0.75 | ||
| Beyond Bank | 0.40 | 0.40 | 0.40 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | ||||
| 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 | 0.10 | 0.15 | 0.35 | 0.20 | 0.20 | 0.40 | 0.30 | 0.50 | 0.50 | 0.50 | 0.50 | |
| BOQ Specialist | 0.40 | 0.30 | 0.50 | 0.40 | 0.50 | 0.55 | 0.60 | 0.70 | 0.80 | |||
| Citibank | 0.15 | 0.60 | 0.60 | 0.60 | 0.60 | 0.50 | 0.50 | 0.50 | 0.50 | |||
| CUA | 0.10 | 0.15 | 0.500 | 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 | 0.30 | 0.30 | 0.40 | 0.65 | 0.80 | 0.90 | 1.00 |
| Heritage Bank | 0.10 | 0.20 | 0.40 | 0.40 | 0.40 | 0.40 | 0.50 | 0.50 | 0.60 | 0.60 | 0.60 | 0.60 |
| Horizon Credit Union | 0.10 | 0.10 | 0.40 | 0.40 | 0.40 | 0.40 | 0.50 | 0.60 | 0.60 | |||
| 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 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.40 | 0.40 | 0.50 | 0.60 |
| ING Direct | 0.05 | 0.05 | 0.07 | 0.18 | 0.22 | 0.25 | ||||||
| Judo Bank | 0.85 | 0.97 | 0.98 | 1.06 | 1.20 | 1.15 | 1.40 | 1.60 | ||||
| Macquarie Bank | 0.05 | 0.05 | 0.45 | 0.40 | 0.45 | 0.45 | 0.45 | 0.45 | 0.40 | 0.40 | 0.40 | |
| ME Bank | 0.20 | 0.20 | 0.50 | 0.50 | 0.55 | 0.70 | 0.65 | 0.80 | 0.70 | 0.90 | 1.20 | 1.40 |
| 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 | 0.40 | 0.20 | 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 | 0.40 | 0.30 | 0.30 | 0.50 | 0.30 | 0.60 | 0.60 | 0.65 | 0.65 | 0.65 | |
| QT Mutual Bank | 0.05 | 0.15 | 0.40 | 0.40 | 0.40 | 0.50 | 0.45 | 0.65 | 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 | 0.10 | 0.10 | 0.20 | 0.20 | 0.20 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 |
| Suncorp Bank | 0.10 | 0.15 | 0.50 | 0.25 | 0.25 | 0.50 | 0.25 | 0.45 | 0.55 | 0.40 | 0.40 | 0.40 |
| Teachers Mutual Bank | 0.55 | 0.55 | 0.55 | 0.60 | 0.60 | 0.60 | 0.60 | 0.60 | ||||
| The Capricornian | 0.30 | 0.40 | 0.50 | 0.70 | ||||||||
| 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 |