23 August – 27 August 2021

Summary: Very small number of changes again; only changes made by Judo, AMP; 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 the five changes made during the week, three took the form of rate increases. None of the major banks changed their rates.

Among the smaller ADIs, the more notable of the changes were made by Judo Bank. Its 3-month rate was lowered by 10bps while its 6-month rate was increased by 11bps. 9-month and 1-year rates were both increased by 11bps each.

The only other change was made by AMP Bank. Its 1-year rate was cut by 30bps.

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	0.45	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			0.75			0.85	0.87	0.95	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

^{*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.}