6 September – 10 September 2021

Summary: Very small number of changes again; only changes made by BankVic, Macquarie; Judo 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. All 14 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 BankVic. Its rates on terms from 3 months to 5 years were all cut by 25bps.

The only other change was made by Macquarie Bank. Its 4-month rate was trimmed 5bps while rates on its 3-month,  6-month and 9-month terms were lowered by 10bp 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	0.10	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			0.45	0.45	0.45	0.45	0.45	0.45	0.5	0.5	0.5	0.5
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			0.75			0.85	0.87	0.95	1.20	1.15	1.40	1.60
Macquarie Bank	0.05	0.05	0.35	0.35		0.35	0.35	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	0.25	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	0.45	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.}