Summary:
The movements in term deposit rates by major and non-major banks continue to show variability. Over the past week, ending September 12, 2025, there were a mix of up and down movements, though stability is notable in some terms.
Our survey across 42 institutions indicates that the most contested term deposit term remains 6 months, followed by 3 months and 1 year, with sample sizes of 42 each.
This week the best rate with a 3-month term was 4.45%, offered by in1bank. The median rate of 3.78% reflects a broad range from 2.25% to 4.45%.
This week the best rate within 6 months term was 4.60%, offered by Teachers Mutual Bank. The median rate of 4.00% shows a tight quartile spread of 0.54%, indicating consistency.
Interestingly, the best 5-year rate reached 4.30%, led by Judo Bank and Rabobank Australia. The median rate of 3.30% shows a range from 2.00% to 4.30%.
Our analysis shows term deposits with rates above 4% are holding strong. In the 3-month category, 11 institutions offer over 4%. In the 6-month category, 15 institutions exceed 4%, down from 16 last week, reinforcing the 6-month term’s competitiveness.
Term deposit rates by Institution
| Institution | 1 month | 2 month | 3 month | 4 month | 5 month | 6 month | 9 month | 1 Year | 2 Year | 3 Year | 4 Year | 5 Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ANZ | 1.20 | 1.45 | 2.70 | 2.80 | 2.90 | 2.95 | 3.20 | 3.65 | 3.40 | 2.90 | 2.90 | 2.90 |
| Commonwealth Bank | 1.20 | 1.45 | 2.85 | 2.95 | 3.00 | 3.05 | 3.20 | 3.50 | 3.40 | 3.40 | 3.40 | 3.40 |
| NAB | 1.20 | 1.45 | 2.75 | 2.90 | 2.90 | 3.00 | 3.15 | 3.70 | 2.90↓ | 2.90 | 2.90 | 2.90 |
| Westpac | 1.20 | 1.40 | 2.65 | 2.75 | 2.85 | 2.90 | 3.15 | 3.55 | 3.35 | 2.85 | 2.85 | 2.85 |
| Military Bank | 3.15 | 3.85 | 4.25 | 4.15 | 3.85 | 3.85 | 3.55 | 3.55 | ||||
| AMP Bank | 0.10 | 0.20 | 3.80 | 3.80 | 3.90 | 4.00 | 3.85 | 3.80 | 3.60 | 3.00 | 3.00 | 3.00 |
| Arab Bank Australia | 1.25 | 1.25 | 3.95 | 3.80 | 3.80 | 4.35 | 3.85 | 3.75 | 3.40 | 3.30 | 3.30 | 3.20 |
| Bank of Melbourne | 1.20 | 1.40 | 2.65 | 2.75 | 2.85 | 2.90 | 3.15 | 3.70↑ | 2.80 | 2.75 | 2.75 | 2.75 |
| Bank Australia | 4.15 | 4.05 | 3.95 | 3.90 | 3.80 | 3.80 | ||||||
| BankSA | 1.20 | 1.40 | 2.65 | 2.75 | 2.85 | 2.90 | 3.15 | 3.75 | 2.80 | 2.90 | 2.90 | 2.90 |
| Bankwest | 2.00 | 2.00 | 3.75 | 3.00 | 4.20↑ | 4.00↑ | 3.80↑ | 3.80↑ | 3.60↑ | 3.60↑ | 3.75↑ | 3.75 |
| Bank of Sydney | 1.25 | 1.50 | 3.85 | 3.50 | 3.50 | 4.00 | 4.00 | 4.00 | ||||
| BankVic | 3.60 | 4.00 | 4.10 | 4.00 | 3.70 | 3.85 | 3.85 | 3.85 | 3.85 | 3.85 | ||
| Beyond Bank | ↓ | ↓ | ↓ | ↓ | ↓ | ↓ | ↓ | ↓ | ||||
| Bendigo Bank | 1.20 | 1.45 | 2.75 | 3.05 | 2.90 | 3.00 | 3.20 | 3.60 | 2.95 | 3.00 | 3.00 | 3.00 |
| BOQ | 0.75 | 0.80 | 2.25 | 4.10↑ | 1.25 | 4.10↑ | 3.90 | 3.90 | 3.00 | 3.00 | 3.00 | |
| BOQ Specialist | 4.20 | 4.10 | 4.15 | 4.00 | 3.95 | 3.50 | 3.50 | 3.50 | 3.50 | |||
| Great Southern Bank | 1.30 | 1.60 | 4.05 | 4.15 | 4.00 | 4.20 | 3.90 | 4.00 | 3.50 | 3.30 | 3.30 | 3.30 |
| Defence Bank | 3.35 | 3.35 | 3.95 | 3.50 | 3.50 | 3.50 | 3.00 | |||||
| Greater Bank | 1.00 | 1.00 | 3.75 | 3.75 | 3.75 | 4.05 | 3.60 | 3.80 | 3.30 | 3.50 | 3.30 | 3.30 |
| Heritage Bank | 1.15 | 1.40 | 3.75 | 4.05 | 3.40 | 3.85 | 3.65 | 3.65 | 3.50 | 3.50 | 3.50 | 3.50 |
| Horizon Credit Union | 1.25 | 1.50 | 3.60 | 3.90 | 3.80 | 3.70 | 3.70 | 3.50 | 3.50 | |||
| HSBC | 1.85 | 2.00 | 3.50 | 3.00 | 3.00 | 3.40 | 3.40 | 3.40 | 3.50 | 3.50 | 3.50 | 3.50 |
| IMB | 4.10 | 4.00 | 3.80 | 3.50 | 3.60 | 4.00 | 4.00 | |||||
| ING Direct | 4.30↑ | 4.25↑ | 4.15↑ | 3.95↓ | 3.95↓ | 3.80↑ | ||||||
| in1bank | 3.85 | 3.90 | 4.45 | 4.40 | 4.30 | 4.25 | 4.10 | 3.95 | 3.85 | |||
| Judo Bank | 3.95 | 3.95 | 4.10 | 3.90 | 3.95 | 4.00 | 4.20 | 4.30 | ||||
| Macquarie Bank | 2.10 | 2.10 | 4.05↓ | 4.00↓ | 3.95↓ | 3.80 | 3.70 | 3.60 | 3.65 | 3.80 | 3.80 | |
| ME Bank | 0.75 | 0.80 | 4.10 | 4.10 | 4.15 | 4.15 | 1.95↓ | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| MyState Bank | 0.50 | 0.50 | 3.80 | 3.85 | 4.00 | 4.10 | 3.85 | 3.90 | 3.50 | |||
| Newcastle Permanent | 1.00 | 1.00 | 3.75 | 3.75 | 3.75 | 4.05 | 3.60 | 3.80 | 3.30 | 3.50 | 3.30 | 3.30 |
| People's Choice Credit Union | 1.40 | 3.75 | 4.05 | 3.40 | 3.85 | 3.65 | 3.65 | 3.50 | 3.50 | 3.50 | 3.50 | |
| Police Bank | 4.00 | 3.75 | 3.00 | 4.00 | 3.75 | 3.70 | ||||||
| P&N Bank | 1.60 | 3.70 | 2.90 | 3.90 | 3.70 | 3.60 | 3.70 | 3.70 | 3.70 | 3.70 | 3.70 | |
| RACQ Bank | 0.55 | 1.60 | 4.15 | 3.50 | 3.50 | 4.10 | 3.85 | 3.85 | 3.30 | 3.30 | 3.30 | 3.30 |
| Rabobank Australia | 2.00 | 2.10 | 4.05 | 3.90 | 3.90 | 3.95 | 3.85 | 3.70 | 3.50 | 3.70 | 4.15 | 4.30 |
| Rural Bank Limited | ↓ | 0.00 | 0.00 | ↓ | ↓ | ↓ | ↓ | ↓ | ↓ | ↓ | ||
| St.George Bank - Except VIC | 1.20 | 1.40 | 2.65 | 2.75 | 2.85 | 2.90 | 3.15 | 3.55 | 2.80 | 2.75 | 2.75 | 2.75 |
| Suncorp Bank | 1.30 | 2.00 | 4.00 | 3.50 | 3.25 | 4.00 | 3.70 | 3.65 | 3.70 | 3.20 | 3.20 | 3.20 |
| Teachers Mutual Bank | 4.40 | 4.25 | 4.05 | 4.60 | 4.30 | 4.30 | 3.80 | 3.80 | ||||
| The Capricornian | 3.00 | 3.25 | 3.65 | 3.45 | ||||||||
| Bank First | 0.75 | 1.00 | 4.00↓ | 4.00↓ | 4.05↓ | 3.80↓ | 3.80 | 3.30↓ | 3.30↓ | 3.30↓ | 3.30↓ |