Which Australian bank offers the highest interest rates under the business term deposits for 3 years13.01.2020
Bankchart.com.au has surveyed the terms of obtaining business term deposits for 3 years 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 - 13.01.2020
As of 02 January 2020 the deposits under review have been offered by 16 banks. The average interest rate under such deposits equals 1,22 % p.a. The total number of the deposits programs available for the specified terms is 55.
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-16 business term deposits for 3 years, as of 02 January 2020
#
Name
Interest Rate
1
1,50
interest rate, %
rate type
fixed
interest periodicity
at maturity
minimum sum
$ 500,00
2
1,50
interest rate, %
rate type
fixed
interest periodicity
annually
minimum sum
$ 1 000,00
3
1,50
interest rate, %
rate type
fixed
interest periodicity
monthly
minimum sum
$ 1 000,00
4
1,45
interest rate, %
rate type
fixed
interest periodicity
at maturity
minimum sum
$ 5 000,00
5
1,40
interest rate, %
rate type
fixed
interest periodicity
at maturity
minimum sum
$ 10 000,00
6
1,40
interest rate, %
rate type
fixed
interest periodicity
annually
minimum sum
$ 1 000,00
7
1,40
interest rate, %
rate type
fixed
interest periodicity
at maturity
minimum sum
$ 25 000,00
8
1,35
interest rate, %
rate type
fixed
interest periodicity
at maturity, annually
minimum sum
$ 5 000,00
9
1,30
interest rate, %
rate type
fixed
interest periodicity
annually
minimum sum
$ 1 000,00
10
1,30
interest rate, %
rate type
fixed
interest periodicity
annually
minimum sum
$ 1 000,00
11
1,30
interest rate, %
rate type
fixed
interest periodicity
annually
minimum sum
$ 1 000,00
12
1,25
interest rate, %
rate type
fixed
interest periodicity
annually
minimum sum
$ 50 000,00
13
1,20
interest rate, %
rate type
fixed
interest periodicity
at maturity, annually
minimum sum
$ 5 000,00
14
1,20
interest rate, %
rate type
fixed
interest periodicity
every 6 months
minimum sum
$ 0,00
15
1,20
interest rate, %
rate type
variable
interest periodicity
monthly
minimum sum
$ 0,00
16
1,15
interest rate, %
rate type
fixed
interest periodicity
monthly, at maturity, every 6 months
minimum sum
$ 5 000,00
To view the up-to-date rating of the deposits at our website here.
Published: 13 January 2020
Author: Prostobank Consulting
Source: https://bankchart.com.au