The TOP - 20 business term deposits for 1 year15.01.2020

Bankchart.com.au has surveyed the terms of obtaining business term deposits for 1 year in the national currency. The survey covered all the deposits with any form of interests repayment, regardless of the replenishment option or the deposit partial withdrawal option. Our website's analysts have studied the deposit offers from all Australian banks. Review date - 15.01.2020

As of 02 January 2020 the deposits under review have been offered by 20 banks.  The average interest rate under such deposits equals 1,26 % p.a. The total number of the deposits programs available for the specified terms is 65.

The maximal return among the deposits under review is offered by ING Direct. The interest rate under "Business Term Deposits" deposit program constitutes 1,75 % p.a. The table below shows the best offers by each bank selected by Bankchart.com.au (in terms of profitability) for the aforementioned terms.

The TOP-20 business term deposits for 1 year, as of 02 January 2020

#

Name

Interest Rate

1

1,75

interest rate, %

rate type

fixed

interest periodicity

at maturity

minimum sum

$ 10 000,00

2

1,70

interest rate, %

rate type

fixed

interest periodicity

at maturity

minimum sum

$ 25 000,00

3

1,70

interest rate, %

rate type

fixed

interest periodicity

monthly

minimum sum

$ 1 000,00

4

1,65

interest rate, %

rate type

fixed

interest periodicity

at maturity, annually

minimum sum

$ 10 000,00

5

1,60

interest rate, %

rate type

fixed

interest periodicity

annually

minimum sum

$ 1 000,00

6

1,60

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 0,00

7

1,55

interest rate, %

rate type

fixed

interest periodicity

at maturity

minimum sum

$ 5 000,00

8

1,55

interest rate, %

rate type

fixed

interest periodicity

at maturity

minimum sum

$ 500,00

9

1,50

interest rate, %

rate type

fixed

interest periodicity

at maturity

minimum sum

$ 1 000,00

10

1,50

interest rate, %

rate type

fixed

interest periodicity

annually

minimum sum

$ 5 000,00

11

1,45

interest rate, %

rate type

fixed

interest periodicity

at maturity

minimum sum

$ 10 000,00

12

1,40

interest rate, %

rate type

fixed

interest periodicity

at maturity

minimum sum

$ 50 000,00

13

1,35

interest rate, %

rate type

fixed

interest periodicity

at maturity

minimum sum

$ 1 000,00

14

1,35

interest rate, %

rate type

fixed

interest periodicity

at maturity, annually

minimum sum

$ 5 000,00

15

1,30

interest rate, %

rate type

fixed

interest periodicity

at maturity

minimum sum

$ 1 000,00

16

1,30

interest rate, %

rate type

fixed

interest periodicity

at maturity

minimum sum

$ 1 000,00

17

1,30

interest rate, %

rate type

fixed

interest periodicity

at maturity

minimum sum

$ 1 000,00

18

1,20

interest rate, %

rate type

fixed

interest periodicity

annually

minimum sum

$ 0,00

19

1,20

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 0,00

20

1,20

interest rate, %

rate type

fixed

interest periodicity

at maturity, annually

minimum sum

$ 5 000,00

To view the up-to-date rating of the deposits at our website here.

 

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