27 September – 1 October 2021

Summary: Very few rate changes; Teachers Mutual only ADI to change rates; Judo still offers highest rate in survey.

There were very few changes by banks, building societies and other approved deposit-taking institutions (ADIs) in this week’s YieldReport survey. All six took the form of rate decreases. None of the major banks changed their rates.

Among the smaller ADIs, the only changes were made by Teachers Mutual Bank. Its rates on terms from 3 months through to 1 year were all trimmed by 5bps each.

See our table below for the latest rates and terms which are available. Judo Bank’s 5-year deposit 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	0.07	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	0.30	0.50	0.65	0.65	0.75	0.80	0.80	1.00	1.00	1.00
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	0.07	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	0.50	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			0.45	0.45	0.45	0.45	0.45	0.45	0.50	0.50	0.50	0.50
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	0.50	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	0.30	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	0.30	0.30		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	0.25	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			0.59			0.69	0.69	0.75	1.20	1.15	1.40	1.60
Macquarie Bank	0.05	0.05	0.30	0.30		0.30	0.30	0.45	0.45	0.40	0.40	0.40
ME Bank	0.20	0.20	0.50	0.50	0.55	0.60	0.65	0.70	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	0.25	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	0.40	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	0.50	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	0.50	0.25	0.25	0.50	0.25	0.45	0.55	0.40	0.40	0.40
Teachers Mutual Bank			0.5	0.5	0.5	0.55	0.55	0.55	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.}