Who offers the best term deposit rates in Australia?
You can find the deposit interest rates comparison on this webpage. Our analysts have researched the interest rates of Australian banks and selected the most competitive offers for your consideration.
From what age can I open a term deposit?
Individuals typically need to be at least 18 years old to open a term deposit account independently. Minors may open term deposit accounts under specific conditions. This often requires a parent or legal guardian to act as a joint account holder or trustee.
Calculate future income on a 1-year term deposit (example):
| Amount, $ | Rate, % | Accrued %, $ |
| 25,000 | 4.30% | 1,075 |
| 25,000 | 4.35% | 1,088 |
| 25,000 | 4.40% | 1,100 |
| 50,000 | 4.45% | 2,225 |
| 50,000 | 4.50% | 2,250 |
| 50,000 | 4.55% | 2,275 |
| 90,000 | 4.60% | 4,140 |
| 90,000 | 4.65% | 4,185 |
| 90,000 | 4.70% | 4,230 |
| 200,000 | 4.75% | 9,500 |
| 200,000 | 4.80% | 9,600 |
| 200,000 | 4.85% | 9,700 |
You can also get more detailed calculations by using our financial calculators.
Can I withdraw money earlier from a term deposit?
Yes, but it typically incurs penalties or fees. The penalties can include a reduction in the interest earned on the deposit, forfeiting a portion of the interest, or paying a flat fee.
See the similar FAQ about Australian banks:
- Bankwest broker chat
- Bankwest coin counter
- Bankwest kids saver
- Bankwest managed investments
- Bankwest: safety deposit box offer
Details of companies offering the financial services:
AMP Bank
Head office’s address: 2-12 Macquarie St
Contact center: 131-267
Phone: 61-2-8048-8249
Mail address: AMP Bank Reply Paid 79702 Parramatta NSW 2124
Web-site: https://www.amp.com.au/
Swift code: AMPBAU2SRET.
Stock code: AMP
BSB: 939-200
ANZ Bank
Head office’s address: 833 Collins Street
Contact center: 13-13-14
Phone: 61-3-9683-9999
Mail address: 833 Collins Street Docklands, Melbourne
Web-site: http://www.anz.com
Swift code: ANZBAU3M
Financial institution code: ANZ
Stock code: ANZ
ABN: 11 005 357 522
BSB: 015-891
Australian Military Bank
Head office’s address: 45 Clarence Street
Contact center: 1300 13 23 28
Phone: +61 2 9240 4122
Mail address: PO Box H151, Australia Square, NSW 1215
Web-site: https://www.australianmilitarybank.com.au
Swift code: AUMLAU21
ABN: 48 087 649 741
BSB: 642 170
Australian Mutual Bank
Head office’s address: 59 Buckingham Street
Contact center: 13 61 91
Phone: +61 2 9678 2111
Mail address: PO Box 881 Haymarket NSW 1240
Web-site: https://australianmutual.bank/
Swift code: CUSCAU2S
ABN: 93 087 650 726
BSB: 611 100
Bank Australia
Head office’s address: 222 High Street
Contact center: 61-132888
Phone: 61-3-9854-4666
Mail address: Bank Australia Locked Bag 2035, Collingwood VIC 3066 Australia
Web-site: https://bankaust.com.au/personal
ABN: 21 087 651 607
BSB: 313 140
Bank First
Head office’s address: 117 Camberwell Rd
Contact center: 1300-654-822
Phone: 61-3-9834-8560
Mail address: PO Box 338 Camberwell Vic 3124
Web-site: https://www.bankfirst.com.au/
ABN: 44 087 651 769
BSB: 704-191
Bank of Queensland
Head office’s address: 100 Skyring Ter
Contact center: 61-1300-557-272
Mail address: 100 Skyring Ter L 6, Newstead, Queensland, 4006
Web-site: http://www.boq.com.au/
Stock code: BOQ
ABN: 32 009 656 740
BSB: 124-001
Bank SA
Head office’s address: 97 King William Street
Contact center: 13-13-76
Phone: 61-2 9155-7850
Mail address: 97 King William Street, Adelaide, SA
Web-site: http://www.banksa.com.au/
Swift code: SGBLAU2S
ABN: 33 007 457 141
BankVic
Head office’s address: 505 Little Collins Street
Contact center: 61-136373
Phone: 61-136373
Mail address: Level 8, 505 Little Collins Street, Melbourne
Web-site: http://bankvic.com.au/
ABN: 33 087 651 661
BSB: 704 230
Bendigo and Adelaide Bank
Head office’s address: The Bendigo Centre
Contact center: 1-300-361-911
Phone: 61-2-8023-5417
Mail address: The Bendigo Centre PO Box 480 Bendigo Vic 3552
Web-site: http://www.bendigobank.com.au/
Swift code: BENDAU3B
Stock code: BEN
ABN: 11 068 049 178
BSB: 633-300
BOQ Specialist
Head office’s address: 120 Collins Street
Contact center: 1300-160-160
Phone: 61-2-9293-2000
Mail address: GPO BOX 2539 Sydney 2001
Web-site: http://www.boqspecialist.com.au/
Swift code: QBANAU4B
Stock code: BOQ
BSB: 951-200
CommBank
Head office’s address: 201 Sussex Street
Contact center: 13-22-21
Phone: 61-2-8055-4001
Mail address: Level 10, Tower One, Darling Park, 201 Sussex Street
Web-site: https://www.commbank.com.au/
Swift code: CTBAAU2S
Stock code: CBA
ABN: 48 123 123 124
Defence Bank
Head office’s address: 31 Queen St
Contact center: 1-800-033-139
Phone: 61-3-8624-5888
Mail address: PO Box 14537 Melbourne VIC 8001
Web-site: http://www.defencebank.com.au/
Financial institution code: DBL
ABN: 57 087 651 385
BSB: 803205
Gateway Bank
Head office’s address: 68 York St
Contact center: 1300 302 474
Phone: +61 2 9307 4200
Mail address: GPO BOX 3176 SYDNEY NSW 2001
Web-site: https://www.gatewaybank.com.au/
Swift code: ASLLAU2CGTW
ABN: 47 087 650 093
BSB: 676-000
G&C Mutual Bank
Head office’s address: 201 Elizabeth Street
Contact center: 1-300-364-400
Phone: 61-2-9307-5400
Mail address: PO Box A253, Sydney South NSW 1235
Web-site: http://www.gcmutualbank.com.au/
Financial institution code: SGE
ABN: 72 087 650 637
BSB: 659-000
Greater Bank
Head office’s address: 103 Tudor Street
Contact center: 13 13 86
Phone: +612 4921 9111
Mail address: Greater Bank PO Box 173, Hamilton NSW 2303
Web-site: https://www.greater.com.au/
Swift code: ASLLAU2CGBS
ABN: 88 087 651 956
BSB: 637 000
Heritage Bank
Head office’s address: 400 Ruthven St
Contact center: 13-14-22
Phone: 61-7-4694-9000
Mail address: PO Box 190 TOOWOOMBA QLD 4350
Web-site: https://www.heritage.com.au
Swift code: HBSLAU4T
ABN: 32 087 652 024
BSB: 638-603
Judo Bank
Head office’s address: 40 Creek Street
Contact center: 61-135836
Mail address: Level 4, 40 Creek Street Brisbane, QLD 4000
Web-site: https://www.judo.bank
BSB: 725-888
Members Equity Bank (ME Bank)
Head office’s address: 360 Elizabeth Street
Contact center: 13-15-63
Phone: 61-3-9708-4001
Mail address: PO Box 1345 Melbourne, VIC 3001
Web-site: http://www.mebank.com.au/
Swift code: MEQBAU3M
Financial institution code: MEB
ABN: 56 070 887 679
BSB: 944-300
MyState Bank
Head office’s address: 137 Harrington St
Contact center: 13-80-01
Phone: 61-3-6233-0679
Mail address: 137 Harrington St L 2, Hobart, Tasmania, 7000, Australia
Web-site: http://mystate.com.au/
Stock code: MYS
ABN: 89 067 729 195
BSB: 655-001
NAB
Head office’s address: 800 Bourke Street
Contact center: 13-22-65
Phone: 61-3-8566-7023
Mail address: Level 4, 800 Bourke Street, Docklands, VIC
Web-site: http://www.nab.com.au/
Swift code: NATAAU3303M
Financial institution code: NAB
Stock code: NAB
BSB: 086-027
P&N Bank
Head office’s address: 556 Wellington Street
Contact center: 13-25-77
Phone: 61-132577
Mail address: Police & Nurses Limited Level 6, 556 Wellington Street Perth WA 6000
Web-site: http://pnbank.com.au/
ABN: 69 087 651 876
Queensland Country Bank Limited
Head office’s address: 333 Ross River Road
Contact center: 1800 075 078
Phone: +61 7 4412 3526
Mail address: PO Box 679 Aitkenvale QLD 4814
Web-site: https://www.queenslandcountry.bank/
Swift code: QCCNAU41XXX
ABN: 77 087 651 027
BSB: 654 000
RACQ
Head office’s address: 7/515 St Pauls Terrace
Contact center: 13-19-05
Mail address: 7/515 St Pauls Terrace, Fortitude Valley QLD 4006, Australia
Web-site: https://www.racq.com.au/
Swift code: QTMBAU41
Financial institution code: QTM
ABN: 83 087 651 054
BSB: 514-000
Rural Bank
Head office’s address: 80 Grenfell Street
Contact center: 1-300-660-115
Phone: 61-8-7109-920
Mail address: Rural Bank PO Box 3660 Rundle Mall SA 5000
Web-site: http://www.ruralbank.com.au/
Swift code: BENDAU3B
Financial institution code: BBL
ABN: 74 083 938 416
BSB: 633-500
St. George Bank
Head office’s address: 275 Kent Street
Contact center: 13-33-30
Phone: 61-2-9553-5333
Mail address: St.George Bank Locked Bag 1 Kogarah NSW 1485
Web-site: http://www.stgeorge.com.au/
Swift code: SGBLAU2S
Financial institution code: STG
Stock code: SGB
ABN: 33 007 457 141
BSB: 112-908
Suncorp Bank
Head office’s address: 80 Ann Street
Contact center: 13-11-55
Phone: 61-7-3362-2222
Mail address: PO Box A50 Sydney South NSW 1235
Web-site: http://www.suncorpbank.com.au/
Swift code: METWAU4B
ABN: 66 010 831 722
BSB: 484-799
Westpac Bank
Head office’s address: 275 Kent Street
Contact center: 13-20-32
Phone: 61-2-9155-7700
Mail address: 275 Kent Street, Sydney, NSW
Web-site: https://www.westpac.com.au/
Swift code: WPACAU2S
Financial institution code: WBC
Stock code: WBC
ABN: 33 007 457 141
BSB: 032-063