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

5

0,65

interest rate, %

rate type

fixed

interest periodicity

annually

minimum sum

$ 5 000,00

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.

 

Credit24

Cash loans up to $10,000

Loan Amounts: $500 - $10,000

Loan terms: to 36 months

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