Your Bank Advisor

Long-term deposits with high rates

See a list of the top long-term deposits with

Updated: 01.09.2026

Quick Search

Quick Rates Review

Compare top financial options at a glance. Comprehensive analysis for each listed offer is available further down the page

Institution

Rate (APR/APY)

Sum & Term

BankVic

4.2% - 5.4%

Up to $5,000

365 - 1825 days

Bank First

4.8% - 5.4%

Up to $500

90 - 1825 days

AMP Bank

0.1% - 5.35%

$5,000 - $10,000,000

30 - 1825 days

Suncorp Bank

5% - 5.3%

$5,000 - $1,999,999

365 - 1825 days

Australian Military Bank

4.2% - 5.3%

Up to $1,000

90 - 365 days

Commonwealth Bank (CBA)

3.3% - 5.25%

$5,000 - $5,000,000

30 - 1825 days

ANZ Bank

3.93% - 5.25%

$5,000 - $1,999,999

365 - 1825 days

Bankwest

4.89% - 5.2%

$1,000 - $10,000,000

365 - 1825 days

NAB

1.2% - 5.1%

$5,000 - $1,999,999

30 - 1825 days

Judo Bank

4.75% - 5.1%

Up to $1,000

365 - 1825 days

Bendigo Bank

0.15% - 5.1%

$1,000 - $5,000,000

365 - 1825 days

G&C Mutual Bank

4.20% - 5.05%

Up to $1,000

365 - 1825 days

Gateway Bank

0.65% - 5.05%

Up to $1,000

365 - 1825 days

Arab Bank Australia

1.75% - 5%

Up to $500,000

30 - 1825 days

BankSA

3.95% - 5%

$1,000 - $2,000,000

365 - 1825 days

Bank of Melbourne

3.95% - 5%

$1,000 - $2,000,000

365 - 1825 days

Bank Australia

4.8% - 4.9%

$500 - $3,000,000

1095 days

ME Bank

3.45% - 4.85%

$5,000 - $2,000,000

365 - 1825 days

Hume Bank

3.9% - 4.8%

Up to $1,000

365 - 1095 days

MyState Bank

3.95% - 4.8%

Up to $5,000

365 - 730 days

RACQ Bank

3.95% - 4.75%

$1,000 - $1,000,000

365 - 1825 days

Rural Bank

0.15% - 4.75%

$500 - $500,000

365 - 1825 days

Queensland Country Bank

4% - 4.75%

$1,000 - $1,000,000

365 - 1095 days

Heritage Bank

4% - 4.75%

Up to $1,000

365 - 1825 days

Defence Bank

4.4% - 4.7%

$1,000 - $1,000,000

365 - 730 days

Macquarie Bank

3.88% - 4.65%

Up to $5,000

365 - 1825 days

Australian Mutual Bank

1.5% - 4.6%

$5,000 - $999,999

90 - 1095 days

Beyond Bank Australia

3.85% - 4.6%

Up to $2,000

365 - 1825 days

P&N Bank

4.2% - 4.55%

$5,000 - $1,000,000

365 - 1825 days

Greater Bank

0.01% - 4.5%

Up to $1,000

365 - 1825 days

St. George Bank

3.8% - 4.4%

$1,000 - $5,000,000

365 - 1825 days

BOQ Specialist

3.5%

Flexible Amount

1825 days

Quick Expert Insights

Interest Rates

Average:3.26%

Range:0.01% - 5.4%

Product Term

Minimum: 30 days

Maximum: 5 years

Limit / Amount

Min Entry:$500

Max Limit:$10,000,000

Analysis of 32 offers shows an average rate of 3.26%, with the absolute market maximum reaching 5.4%. Flexible terms from 30 days are available at AMP Bank, while BankVic offers terms up to 5 years . The lowest entry is $500 (via Bank First).

Full Products Review

In-depth analysis of available financial offers. Compare detailed terms and explore expert insights to choose the most suitable option for your needs.

Filter By Institution:

AMP Bank

AMP Bank Term Deposit

Rate: 0.1% - 5.35%

Sum: $5,000 - $10,000,000

Term: 30 days - 5 years

💰 Fees & Rates

No monthly account-keeping fees.No fees for rolling over the deposit.Fees may apply for early withdrawal or bank cheques as per the bank guide.

📋 Important Terms

Minimum deposit requirement is $5000.Maximum deposit limit is $10000000.Available for personal or sole trader accounts.Protected by the Australian Government guarantee up to $250000 per customer.Interest can be paid monthly, quarterly, half-yearly, or at maturity.Choosing more frequent interest payments (monthly, 3-monthly, 6-monthly) reduces the interest rate by 0,20%, 0,10%, and 0,05% respectively.

💡 Adviser’s Tip

Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

The AMP Bank Term Deposit is currently a market-leading option for short-to-medium terms, particularly the 1-year special offer at 5,35%. This rate is significantly higher than what is typically offered by the Big Four (CBA, NAB, ANZ, Westpac), making it an excellent choice for savers looking to maximize yield on a lump sum. However, the rates for longer terms (3-5 years) are considerably lower at 3,00%, where some competitors might offer better value. This product is ideal for individuals or sole traders who can commit at least $5000 for 6 to 12 months.

📍 View official contacts for AMP Bank

ANZ Bank

ANZ Advance Notice Term Deposit

Rate: 3.93% - 5.25%

Sum: $5,000 - $1,999,999

Term: 1 years - 5 years

💰 Fees & Rates

Account service fees: $0
Early withdrawal administration fee: $30
Interest reduction: Applies to any funds withdrawn or transferred early

📋 Important Terms

Withdrawal Notice: 31 days' advance notice required for early funds access
Eligibility: Minimum age of 12 years and an Australian residential address
Required Account: Must have an existing ANZ everyday or savings account
Government Protection: Deposits protected under the Financial Claims Scheme up to $250,000 per holder
Application: Personal use only

💡 Adviser’s Tip

Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

The primary advantage of the ANZ Advance Notice Term Deposit is the high 5.25% p.a. fixed rate for 12-month terms, offering significant yield for a zero-monthly-fee product. The main disadvantage is the strict liquidity barrier, as the mandatory 31-day notice period and $30 penalty fee make accessing funds early both slow and costly. Compared to the "Big Five" Canadian banks like RBC or Scotiabank, which often offer flexible GICs with lower rates but immediate (albeit penalized) access, this ANZ product is less forgiving for unexpected cash needs. It is best suited for disciplined savers who have a clear 1-to-5 year financial horizon and are already established within the ANZ banking ecosystem.

📍 View official contacts for ANZ Bank

Arab Bank Australia

Fixed Term Deposit

Rate: 1.75% - 5%

Sum: $500,000

Term: 30 days - 5 years

💰 Fees & Rates

No setup or monthly feesEarly withdrawal penalties apply (usually a reduction in interest)Over the counter fees may apply for specific branch services

📋 Important Terms

Terms range from 1 month to 5 yearsInterest paid at maturity for terms up to 12 monthsInterest paid annually for terms of 2 years or moreRequires an existing Arab Bank Australia transaction account to open onlineMaximum rate of 5,000% currently available for 6-month terms on balances over $10,000

💡 Adviser’s Tip

Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

The 5,00% rate on a 6-month term is a market-leading highlight compared to the often lower short-term rates from NAB or Westpac. The main advantage is the flexibility in terms and the "Gold Award" winning reliability. The primary disadvantage is the requirement to hold a separate transaction account, which adds a layer of complexity for new customers. This product is ideal for investors looking for a guaranteed high-yield return on a short-to-medium-term basis.

📍 View official contacts for Arab Bank Australia

Australian Military Bank

Income Plus Term Deposit

Rate: 4.2% - 5.3%

Sum: $1,000

Term: 90 days - 1 years

💰 Fees & Rates

No monthly account keeping feesNo entry feesPenalty applies for early closure

📋 Important Terms

Minimum deposit of 1000 dolInterest is paid monthly to a nominated accountAustralian Government Guarantee up to 250000 dolAvailable for terms up to 365 days

💡 Adviser’s Tip

Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

This account is specifically designed for those requiring a regular income stream, such as retirees. While the rates are 0,10% lower than the Investment Plus variant, a 5,30% rate with monthly payouts is highly competitive compared to similar "Big Four" products. The main advantage is monthly liquidity of interest, while the drawback is the slightly lower yield. It is best for investors who prioritize cash flow over compounded growth.

📍 View official contacts for Australian Military Bank

Australian Mutual Bank

Term Deposit

Rate: 1.5% - 4.6%

Sum: $5,000 - $999,999

Term: 90 days - 3 years

💰 Fees & Rates

No monthly account keeping fees No setup or application fees Penalty for early withdrawal (usually a reduction in the interest rate applied)

📋 Important Terms

Interest is calculated on a per annum basis and calculated daily Monthly interest payment option available for terms of 90 days or longer at a 0,10% reduction from the published rate Terms between 270 and 330 days cannot be opened online and require phone assistance Deposits of 1000000 dol and over are subject to negotiation and acceptance New deposits start from 5000 dol as the under 5000 dol tier is for existing holdings only

💡 Adviser’s Tip

Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

This Term Deposit offers highly competitive "sweet spots," particularly for the 11-month term at 4,60%, which currently outperforms the standard term deposit rates typically offered by the "Big Four" banks (Commonwealth Bank, NAB, ANZ, Westpac). The main advantage is the daily interest calculation and the flexibility of choosing terms down to the month. However, the primary disadvantage is the significant rate drop for long-term investments (24-36 months) and the restriction on opening 9-11 month terms online. This product is best suited for investors with at least 5000 dol who want to lock in a high rate for approximately one year without the volatility of the equity markets.

📍 View official contacts for Australian Mutual Bank

Bank Australia

36 month term deposit

Rate: 4.8% - 4.9%

Sum: $500 - $3,000,000

Term: 3 years

💰 Fees & Rates

No establishment or account keeping fees are explicitly mentioned.

📋 Important Terms

Interest is calculated daily and can be paid monthly or annually. Minimum deposit required is 500 dollars. Maximum standard personal deposit is 3000000 dollars. Deposits are protected by the Australian Government guarantee up to 250000 dollars. Funds are used to support socially and environmentally responsible initiatives.

💡 Adviser’s Tip

Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

This 3-year term deposit offers a slight rate increase over the 2-year option. The advantage is securing a predictable income stream for an extended period, completely protecting against interest rate volatility. The primary disadvantage is the long three-year period of illiquidity and the opportunity cost if market rates rise. It holds its own against long-term rates from the Big Four (Commonwealth Bank, NAB, ANZ, Westpac Bank). Best for retirees or long-term planners who require stable, fixed returns over a multi-year timeframe.

📍 View official contacts for Bank Australia

Bank First

Term Deposit

Rate: 4.8% - 5.4%

Sum: $500

Term: 90 days - 5 years

💰 Fees & Rates

Monthly account fee: $0 Application fee: $0 Early withdrawal penalty: A term deposit interest rate reduction applies on early withdrawals, with interest paid at the reduced rate from the date of deposit to the day prior to withdrawal.

📋 Important Terms

Minimum deposit is $500. Wide range of flexible terms from 90 days up to 5 years. Interest is calculated daily. Deposits are protected by the Australian Government's Financial Claims Scheme (FCS), which guarantees up to $250000 per account.

💡 Adviser’s Tip

Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

This standard Term Deposit is an excellent low-risk investment for parking your savings. The main advantage is the highly competitive peak interest rate of 5,40% p.a. for a 1-year term combined with an accessible low minimum deposit of just $500. The primary disadvantage is the penalty on early withdrawals, which significantly reduces your earned interest if you need to break the term. When compared to term deposits from the Big Four banks (Commonwealth Bank, NAB, ANZ, Westpac Bank), this product consistently offers more attractive rates across various term lengths, as the majors often reserve their best rates for much larger deposit amounts or limited-time special promotions. It is best suited for conservative savers who want a guaranteed return and are certain they will not need immediate access to their funds.

📍 View official contacts for Bank First

Bank of Melbourne

Term Deposits

Rate: 3.95% - 5%

Sum: $1,000 - $2,000,000

Term: 1 years - 5 years

💰 Fees & Rates

Interest rate adjustment applies if the deposit is withdrawn early.
No monthly service fees mentioned for the term deposit account itself.

📋 Important Terms

Bonus Rate: Extra 0.10% p.a. available for opening or renewing via Internet Banking or the App.
Early Access: Requires a minimum of 31 days’ notice to access funds prior to maturity.
Eligibility: Online opening/renewal is restricted to existing personal and sole trader customers.
Interest Options: Choice of interest paid monthly or at maturity.
Grace Period: Instructions for renewing deposits must be provided during the grace period.

💡 Adviser’s Tip

Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

The main advantage of this Term Deposit is the predictable, fixed return combined with an additional 0.10% p.a. incentive for digital self-service. The primary disadvantage is the low liquidity, as funds are locked for the term and require a 31-day notice period for any early withdrawal, accompanied by an interest penalty. Compared to Canada's "Big Five" banks like RBC or TD, which offer similar GIC products, Bank of Melbourne’s online-only bonus structure is a strong motivator for existing clients to stay within their ecosystem. This product is best suited for existing Australian personal customers and sole traders who have excess cash they don't need to access immediately and want to secure a guaranteed rate.

📍 View official contacts for Bank of Melbourne

BankSA

Term Deposits

Rate: 3.95% - 5%

Sum: $1,000 - $2,000,000

Term: 1 years - 5 years

💰 Fees & Rates

No set up fees
No monthly fees
An interest rate adjustment usually applies if funds are withdrawn early

📋 Important Terms

Online bonus of 0.10% p.a. is available for existing personal and sole trader customers opening or renewing via Internet Banking or the App
Online bonus is not available for certain joint accounts, business customers except sole traders, or deposits held as security
A minimum of 31 days notice is required for early withdrawal except in cases of hardship
Balances up to $250,000 are guaranteed by the Australian Government under the Financial Claims Scheme
Online management service is unavailable from 10pm to 3am Monday to Saturday and all day Sunday Sydney time

💡 Adviser’s Tip

Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

The main advantage of this product is the guaranteed yield backed by government protection and the accessible entry threshold of $1,000. The primary disadvantage is the strict 31-day notice period and interest penalties for early access. Compared to Canada Big Five banks like RBC or TD which often offer higher digital promotional rates on short-term cash, BankSA standard rates are conservative, though the 0.10% online bonus helps bridge the gap. This product is best suited for conservative investors seeking predictable returns who do not require immediate liquidity.

📍 View official contacts for BankSA

BankVic

Term Deposits

Rate: 4.2% - 5.4%

Sum: $5,000

Term: 1 years - 5 years

💰 Fees & Rates

$0 account keeping fees
$0 early withdrawal fee (however, an interest rate penalty applies)

📋 Important Terms

Requires an initial minimum deposit of $5,000
Fixed interest rates range from 4.20% p.a. (60 months) up to 5.40% p.a. (12 months)
Flexible interest payment options are available at maturity or annually
Early withdrawal does not trigger a flat penalty fee, but the interest rate payable is reduced to the Everyday account interest rate applicable at that time
Maturity notices are issued one week prior to expiration; if no specific instructions are provided, the deposit automatically renews for a same or similar term

💡 Adviser’s Tip

Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

The main advantage of this term deposit is the highly competitive 12-month fixed rate of 5.40% p.a., which provides strong guaranteed returns with zero ongoing account-keeping overheads. The main disadvantage is the severe interest rate reduction penalty applied upon early withdrawal, which strips away the fixed yield down to basic transactional account rates. Compared to the Big Five Canadian banks such as RBC or TD, which typically charge explicit administrative break fees or implement rigid non-redeemable conditions on top tier short-term GICs, BankVic offers a zero-fee exit route, albeit at a high interest revenue cost. This product is best suited for conservative savers or organizations with a stable liquidity profile who can confidently commit at least $5,000 for a 12-month period to lock in peak market yields.

📍 View official contacts for BankVic

Bankwest

Term Deposits

Rate: 4.89% - 5.2%

Sum: $1,000 - $10,000,000

Term: 1 years - 5 years

💰 Fees & Rates

$0 account or maintenance fees

📋 Important Terms

Requires an initial minimum investment of $1,000 up to a maximum cap of $10,000,000
Flexible investment periods available ranging from 1 month (30 days) up to 5 years (1825 days)
Provides a guaranteed fixed interest rate for the duration of the chosen term, protecting earnings from market rate changes
Allows complete management at maturity, including options to automatically reinvest, inject additional funds, withdraw capital, or close the account
Can be opened online and monitored digitally via the mobile banking app alongside other linked accounts
Protected by the Australian Government Financial Claims Scheme for combined balances up to $250,000 per account holder

💡 Adviser’s Tip

Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

The main advantage of the Bankwest Term Deposit is its exceptional operational flexibility, boasting a low $1,000 entry threshold and an expansive range of terms up to 5 years with absolute protection against market volatility and zero maintenance costs. The primary disadvantage is that interest rates are not explicitly provided in the source documentation, requiring manual verification to evaluate the real financial yield, combined with the standard liquidity lock inherent to fixed terms. Compared to stable GIC products at Canada Big Five institutions like the RBC Cash-Back GIC or TD Choice GIC—which frequently enforce restrictive early-redemption penalties or demand larger baseline commitments to lock in top-tier interest scales—Bankwest offers a highly accessible digital framework for managing fixed income. This product is best suited for conservative retail investors, risk-averse savers, and individuals with predictable near-term liquidity requirements who want to secure a guaranteed return on a small or large cash reserve without incurring administrative fees.

📍 View official contacts for Bankwest

Bendigo Bank

Term Deposits

Rate: 0.15% - 5.1%

Sum: $1,000 - $5,000,000

Term: 1 years - 5 years

💰 Fees & Rates

Account service fees: $0 (No explicit fees stated in the text)

📋 Important Terms

Applicants must be over the age of 18 and an Australian citizen or resident
Requires identification documents such as an Australian Driver's licence, Medicare card, or Passport
Minimum investment amount is $1000 for standard accounts, with special interest rates applying to balances from $5,000 up to $5,000,000
Investment terms are fixed and start from a minimum of one month (30 days)
Interest is paid at maturity for the specified special rate balance tier
Deposits are secured and protected under the Financial Claims Scheme guarantee provision
New customers using the application for signup must provide an Australian Driver's licence or Australian Passport
Joint and business accounts are restricted from digital setup and must be finalized at a physical branch

💡 Adviser’s Tip

Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

The main benefit of this fixed-term wealth management instrument is the ironclad capital security it provides, offering a guaranteed rate of return over a customizable timeframe starting at one month, fully backed by the Financial Claims Scheme. The primary disadvantage is the complete omission of specific interest rate figures from the provided program documentation, which prevents savers from calculating precise yields, alongside standard liquidity restrictions that penalize early access to cash. Compared to standard Guaranteed Investment Certificates (GICs) and term portfolios from Canada's Big Five banking conglomerates, which usually publish highly transparent, tiered interest brackets across all digital channels, the lack of immediate rate visibility here creates an information barrier for prospective clients. This product is best suited for risk-averse Australian residents and long-term savers with at least $5,000 in disposable cash who want to lock away excess capital safely and do not require near-term liquidity.

📍 View official contacts for Bendigo Bank

Beyond Bank Australia

Term Deposits

Rate: 3.85% - 4.6%

Sum: $2,000

Term: 1 years - 5 years

BOQ Specialist

5 year term deposit

Rate: 3.5%

Term: 5 years

💰 Fees & Rates

No transaction fees or account setup fees are explicitly listed.

📋 Important Terms

Interest is fixed and paid annually. Early withdrawals require 31 days notice before the maturity date. A Private Access Account is automatically established to manage funds. Rollover options available at maturity.

💡 Adviser’s Tip

Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

The 5-year option locks funds away for the maximum duration at 3,50% p.a. The main benefit is absolute long-term rate certainty and annual cash flow. The significant drawback is the prolonged illiquidity and a rate that severely lags behind the shorter-term offerings. It generally underperforms against long-term bonds or competitive deposits from the Big Four (Commonwealth Bank, NAB, ANZ, Westpac Bank). Suitable only for savers who strictly require a 5-year fixed income stream with zero market risk.

📍 View official contacts for BOQ Specialist

Commonwealth Bank (CBA)

Term Deposits

Rate: 3.3% - 5.25%

Sum: $5,000 - $5,000,000

Term: 30 days - 5 years

💰 Fees & Rates

Set up and establishment fees: 0 AUDPrepayment interest adjustment and administration fee apply for early withdrawal

📋 Important Terms

Must be 18 years or older with an Australian residential addressMinimum deposit amount of 5000 AUD requiredRequires an existing NetBank ID and CommBank account in the same nameEarly withdrawals require exactly 31 days advance noticeMaximum limit of 5000000 AUD per term deposit (1999999 AUD for online SMSF applications)Funds default to a secure holding facility for up to 6 months post-maturity if no instructions are provided

💡 Adviser’s Tip

Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

CommBank's Term Deposits provide locked-in certainty, highlighted by strong rates reaching up to 5,25% p.a. for medium terms. The main advantage is the guaranteed return isolated from market fluctuations, while the primary disadvantage is the strict 31-day notice period and penalty fees required to access funds early. Compared to standard term deposits from NAB or ANZ, CommBank offers a highly secure, automated 6-month holding facility post-maturity to protect funds while you decide the next step, avoiding automatic rollovers into unwanted terms. This product is best suited for conservative investors with surplus capital who want a guaranteed yield and definitely will not need the funds during the locked term.

📍 View official contacts for Commonwealth Bank (CBA)

Defence Bank

Term Deposits

Rate: 4.4% - 4.7%

Sum: $1,000 - $1,000,000

Term: 1 years - 2 years

Gateway Bank

Term Deposits

Rate: 0.65% - 5.05%

Sum: $1,000

Term: 1 years - 5 years

G&C Mutual Bank

Term Deposits

Rate: 4.20% - 5.05%

Sum: $1,000

Term: 1 years - 5 years

Greater Bank

Term Deposits

Rate: 0.01% - 4.5%

Sum: $1,000

Term: 1 years - 5 years

Heritage Bank

Term Deposits

Rate: 4% - 4.75%

Sum: $1,000

Term: 1 years - 5 years

Hume Bank

Term Deposits

Rate: 3.9% - 4.8%

Sum: $1,000

Term: 1 years - 3 years

Judo Bank

Term Deposits

Rate: 4.75% - 5.1%

Sum: $1,000

Term: 1 years - 5 years

Macquarie Bank

Term Deposits

Rate: 3.88% - 4.65%

Sum: $5,000

Term: 1 years - 5 years

ME Bank

Term Deposits

Rate: 3.45% - 4.85%

Sum: $5,000 - $2,000,000

Term: 1 years - 5 years

MyState Bank

Term Deposits

Rate: 3.95% - 4.8%

Sum: $5,000

Term: 1 years - 2 years

NAB

NAB Term Deposit

Rate: 1.2% - 5.1%

Sum: $5,000 - $1,999,999

Term: 30 days - 5 years

💰 Fees & Rates

Monthly account fee: 0 AUD Application fee: 0 AUD Prepayment cost: May apply if funds are accessed before maturity

📋 Important Terms

Minimum opening balance of 5000 dol Must be a permanent Australian resident aged 14 years or older Interest is calculated daily and paid at maturity for terms up to 12 months At least 31 days' notice is required to access funds before the maturity date New deposits for terms greater than 2 years are only available via the online application form for individuals

💡 Adviser’s Tip

Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

The NAB Term Deposit's primary advantage is its competitive 5,10% p.a. interest rate for a 12-month term, which currently stands as a market-leading offer among the Big Four banks (CBA, ANZ, and Westpac). The main disadvantage is the restricted liquidity, as borrowers must provide a 31-day notice period and potentially pay prepayment costs to access their money early. Compared to similar products from Westpac or ANZ, NAB offers a higher degree of flexibility in interest payment frequencies for terms exceeding one year. This product is best suited for individual savers who have at least 5000 dol to invest and seek the security of a guaranteed fixed return without the erosion of monthly account fees.

📍 View official contacts for NAB

P&N Bank

Term Deposits

Rate: 4.2% - 4.55%

Sum: $5,000 - $1,000,000

Term: 1 years - 5 years

Queensland Country Bank

Term Deposits

Rate: 4% - 4.75%

Sum: $1,000 - $1,000,000

Term: 1 years - 3 years

RACQ Bank

Term Deposits

Rate: 3.95% - 4.75%

Sum: $1,000 - $1,000,000

Term: 1 years - 5 years

Rural Bank

Term Deposits

Rate: 0.15% - 4.75%

Sum: $500 - $500,000

Term: 1 years - 5 years

St. George Bank

Term Deposits

Rate: 3.8% - 4.4%

Sum: $1,000 - $5,000,000

Term: 1 years - 5 years

Suncorp Bank

Term Deposits

Rate: 5% - 5.3%

Sum: $5,000 - $1,999,999

Term: 1 years - 5 years

💰 Fees & Rates

Set up or establishment fees: NIL
Monthly account keeping fee: NIL
Suncorp Bank transactions: NIL
Request for audit certificate: $30.00 per certificate
Record search/copy fee: $70.00 per hour
Interest certificate (previous financial years): $10.00 per certificate

📋 Important Terms

Investment Limits: Minimum $5,000 up to $2,000,000 for standard online rates
Interest Payment Options: Monthly, quarterly, six monthly, yearly, or at maturity
Early Withdrawal: Requires 31 days' notice unless suffering financial hardship
Early Break Penalty: An interest adjustment will apply for withdrawals made before the end of the term
Government Guarantee: Deposits are protected by the Australian Government Financial Claims Scheme
Maturity: Options to automatically reinvest, increase/decrease principal, or pay out to a nominated account

💡 Adviser’s Tip

Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

The Suncorp Bank Term Deposit offers a highly flexible and low-risk investment structure that competes strongly with the Guaranteed Investment Certificates (GICs) offered by Canada's Big Five banks (RBC, TD, BMO, Scotiabank, CIBC). Its primary advantage is the high level of customization regarding interest payment frequency and maturity instructions, which can be managed entirely via a mobile app. The main disadvantage is the rigid 31-day notice period required for early access to funds, which is more restrictive than some cashable GIC products. This product is best suited for conservative Australian investors or Self Managed Super Funds (SMSF) looking to lock in a guaranteed return while maintaining digital control over their portfolio.

📍 View official contacts for Suncorp Bank

Westpac Bank

Term Deposit Fixed Rate Savings

Term: 30 days - 5 years

💰 Fees & Rates

Specific account-keeping fees are not disclosed in the provided overview Early withdrawal may result in interest adjustments or reduced returns

📋 Important Terms

Account requirement: Must be an existing customer with a Westpac Choice account to open or renew online In-branch requirement: Joint accounts, business accounts, trusts, and self-managed super funds (SMSF) must be opened at a physical branch Term length: Flexible options ranging from 1 month up to 5 years Bonus rates: Online bonus interest rates are available when opening or renewing via Online Banking or the Westpac App Maturity options: Ability to set instructions in advance to withdraw funds or reinvest the principal and interest

💡 Adviser’s Tip

Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

The Westpac Term Deposit Fixed Rate Savings is a highly secure investment tool designed for capital preservation. Its main advantage is the absolute certainty of a guaranteed return, bolstered by online-exclusive bonus interest rates for straightforward renewals. The primary disadvantage is the administrative friction for non-individual entities; businesses, trusts, and joint account applicants are strictly required to visit a branch to initiate the deposit. When compared to the term deposit products of the Big Four (Commonwealth Bank, NAB, ANZ), Westpac offers a highly competitive digital management experience for its existing everyday banking customers. This product is best suited for conservative savers or individuals with a lump sum who want a risk-free return and do not need immediate liquidity.

📍 View official contacts for Westpac Bank

Author: Prostobank Consulting

Video Guides

Watch our expert video reviews to navigate Australian banking with ease.

Contacts of companies offering the financial services:

AMP Bank

Address: 2-12 Macquarie St

Contact: 131 267

Web: www.amp.com.au

SWIFT: AMPBAU2S

Stock: AMP

ANZ Bank

Address: 833 Collins Street

Contact: 13-13-14

Web: www.anz.com

SWIFT: ANZBAU3M

Stock: ANZ

Arab Bank Australia

Address: 20 Bridge Street

Contact: 1800 64 64 84

Web: www.arabbank.com.au

SWIFT: ARABAU2S

Australian Military Bank

Address: 45 Clarence St

Contact: 1300 13 23 28

Web: www.australianmilitarybank.com.au

SWIFT: AUMLAU21

Australian Mutual Bank

Address: 59 Buckingham St

Contact: 13 61 91

Web: australianmutual.bank

SWIFT: CUSCAU2S

Bank Australia

Address: 222 High Street

Contact: 132 888

Web: bankaust.com.au

SWIFT: CUSCAU2S

Bank First

Address: 117 Camberwell Rd

Contact: 1 300 654 822

Web: www.bankfirst.com.au

Bank of Melbourne

Address: 525 Collins Street

Contact: 13 22 66

Web: www.bankofmelbourne.com.au

SWIFT: SGBLAU2S

Stock: WBC

BankSA

Address: 97 King William St

Contact: 13 13 76

Web: www.banksa.com.au

SWIFT: SGBLAU2S

Stock: WBC

BankVic

Address: 107 Victoria St

Contact: 13 63 73

Web: bankvic.com.au

Bankwest

Address: 300 Murray St

Contact: 13 17 19

Web: www.bankwest.com.au

SWIFT: BKWAAU6P

Stock: CBA

Bendigo Bank

Address: The Bendigo Centre

Contact: 1 300 361 911

Web: www.bendigobank.com.au

SWIFT: BENDAU3B

Stock: BEN

Beyond Bank Australia

Address: 100 Waymouth St

Contact: 13 25 85

Web: www.beyondbank.com.au

SWIFT: CUSCAU2S

BOQ Specialist

Address: 255 George St

Contact: 1 300 160 160

Web: www.boqspecialist.com.au

SWIFT: QBANAU4B

Stock: BOQ

Commonwealth Bank (CBA)

Address: 1 Harbour St

Contact: 13 22 21

Web: www.commbank.com.au

SWIFT: CTBAAU2S

Stock: CBA

Defence Bank

Address: 31 Queen St

Contact: 1 800 033 139

Web: www.defencebank.com.au

Gateway Bank

Address: 68 York St

Contact: 1 300 302 474

Web: www.gatewaybank.com.au

SWIFT: ASLLAU2C

G&C Mutual Bank

Address: 201 Elizabeth Street

Contact: 1 300 364 400

Web: www.gcmutualbank.com.au

SWIFT: CUSCAU2S

Greater Bank

Address: 103 Tudor Street

Contact: 13 13 86

Web: www.greater.com.au

SWIFT: ASLLAU2CGBS

Heritage Bank

Address: 400 Ruthven St

Contact: 13 14 22

Web: www.heritage.com.au

SWIFT: HBSLAU4T

Hume Bank

Address: 492 Olive St

Contact: 1 300 004 863

Web: www.humebank.com.au

SWIFT: CUSCAU2S

Judo Bank

Address: 40 City Rd

Contact: 13 58 36

Web: www.judo.bank

Stock: JDO

Macquarie Bank

Address: 50 Martin Place

Contact: 1 800 806 310

Web: www.macquarie.com.au

SWIFT: MACQAU2S

Stock: MQG

ME Bank

Address: 360 Elizabeth St

Contact: 13 15 63

Web: www.mebank.com.au

SWIFT: MEQBAU3M

Stock: BOQ

MyState Bank

Address: 137 Harrington St

Contact: 13 80 01

Web: mystate.com.au

SWIFT: MSBBAU3S

Stock: MYS

NAB

Address: 800 Bourke Street

Contact: 13 22 65

Web: www.nab.com.au

SWIFT: NATAAU33

Stock: NAB

P&N Bank

Address: 556 Wellington St

Contact: 13 25 77

Web: www.pnbank.com.au

SWIFT: PNBLAU2P

Queensland Country Bank

Address: 333 Ross River Rd

Contact: 1 800 075 078

Web: www.queenslandcountry.bank

SWIFT: QCCNAU41

RACQ Bank

Address: 2649 Logan Rd

Contact: 13 19 05

Web: www.racq.com.au

SWIFT: QTMBAU41

Rural Bank

Address: 80 Grenfell Street

Contact: 1 300 660 115

Web: www.ruralbank.com.au

SWIFT: BENDAU3B

Stock: BEN

St. George Bank

Address: 275 Kent Street

Contact: 13 33 30

Web: www.stgeorge.com.au

SWIFT: SGBLAU2S

Stock: WBC

Suncorp Bank

Address: 80 Ann Street

Contact: 13 11 55

Web: www.suncorpbank.com.au

SWIFT: METWAU4B

Stock: SUN

Westpac Bank

Address: 275 Kent Street

Contact: 13 20 32

Web: www.westpac.com.au

SWIFT: WPACAU2S

Stock: WBC

Find bank, branch or ATM

Locate the nearest financial services, interactive maps, and contact details across Australia.

Amount, $	Rate, %	Accrued %, $
65 500	4,70%	15 393
65 500	4,75%	15 556
65 500	4,80%	15 720
118 500	4,75%	28 144
118 500	4,80%	28 440
118 500	4,85%	28 736
234 000	4,80%	56 160
234 000	4,85%	56 745
234 000	4,90%	57 330
345 000	4,85%	83 663
345 000	4,90%	84 525
345 000	4,95%	85 388
687 000	4,90%	168 315
687 000	4,95%	170 033
687 000	5,00%	171 750