Which Australian bank offers the highest interest rates under the business term deposits for 1 year11.02.2021
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 - 11.02.2021
As of 28 January 2021 the deposits under review have been offered by 19 banks. The average interest rate under such deposits equals 0,37 % p.a. The total number of the deposits programs available for the specified terms is 66.
The maximal return among the deposits under review is offered by Heritage Bank. The interest rate under "Term Deposits" deposit program constitutes 0,85 % 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-19 business term deposits for 1 year, as of 28 January 2021
#
Name
Interest Rate
1
0,85
interest rate, %
rate type
fixed
interest periodicity
at maturity
minimum sum
$ 1 000,00
2
0,80
interest rate, %
rate type
fixed
interest periodicity
at maturity
minimum sum
$ 5 000,00
3
0,70
interest rate, %
rate type
fixed
interest periodicity
monthly
minimum sum
$ 1 000,00
4
0,65
interest rate, %
rate type
fixed
interest periodicity
at maturity, annually
minimum sum
$ 10 000,00
6
0,60
interest rate, %
rate type
variable
interest periodicity
monthly
minimum sum
$ 0,00
7
0,60
interest rate, %
rate type
fixed
interest periodicity
at maturity
minimum sum
$ 5 000,00
8
0,60
interest rate, %
rate type
fixed
interest periodicity
at maturity
minimum sum
$ 500,00
9
0,55
interest rate, %
rate type
fixed
interest periodicity
at maturity
minimum sum
$ 1 000,00
10
0,55
interest rate, %
rate type
fixed
interest periodicity
at maturity, annually
minimum sum
$ 5 000,00
11
0,45
interest rate, %
rate type
fixed
interest periodicity
at maturity
minimum sum
$ 5 000,00
12
0,45
interest rate, %
rate type
variable
interest periodicity
monthly
minimum sum
$ 0,00
13
0,45
interest rate, %
rate type
fixed
interest periodicity
at maturity
minimum sum
$ 10 000,00
14
0,25
interest rate, %
rate type
fixed
interest periodicity
quarterly
minimum sum
$ 5 000,00
15
0,25
interest rate, %
rate type
fixed
interest periodicity
at maturity
minimum sum
$ 1 000,00
16
0,25
interest rate, %
rate type
fixed
interest periodicity
at maturity, annually
minimum sum
$ 5 000,00
17
0,25
interest rate, %
rate type
fixed
interest periodicity
at maturity
minimum sum
$ 10 000,00
18
0,25
interest rate, %
rate type
fixed
interest periodicity
at maturity
minimum sum
$ 1 000,00
19
0,25
interest rate, %
rate type
fixed
interest periodicity
half yearly
minimum sum
$ 1 000,00
To view the up-to-date rating of the deposits at our website here.
Published: 11 February 2021
Author: Prostobank Consulting
Source: https://bankchart.com.au
Credit24
Cash loans up to $10,000
Loan Amounts: $500 - $10,000
Loan terms: to 36 months