Summary: Very small number of changes again; most notable changes made by Baroda, Teachers Mutual; Judo still offers highest rate in survey.
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 increases. None of the major banks changed their rates.
Among the smaller ADIs, the most notable changes were made by Bank of Baroda Australia. Its rates on terms from 1 year to 5 years were all increased by 5bps each.
The only other changes were made by Teachers Mutual Bank. Its 1-year, 2-year and 3-year rates were each lowered 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 | 0.15 | 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 | 0.75 | 0.75 | 0.75 | 0.75 | 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 | 0.35 | 0.35 | 0.35 | 0.45 | 0.45 | 0.50 | 0.60 | |||
| 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 | 0.90 | 0.91 | 0.95 | 0.99 | 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 |