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Term deposit rates in Australia, July 2026

As of 31 July 2026, the highest 12-month term deposit rate tracked by BankMate was 5.50% p.a. from MOVE Bank (Term Deposit). The highest rate at any term was 5.55% for 10 mo from Defence Bank. The average 12-month rate across 452 deposits was 4.73% p.a. (median 4.95%); 662 of 2238 deposits at any term paid 5% or more. Longer terms paid less: the average 3 yr rate was 0.08 points below the 6 mo rate, the shape banks price when they expect cuts. During July 2026 BankMate recorded 70 rate rises and 285 cuts across 29 banks.

Highest 12-month rates

452 deposits · as of 31 July 2026
  1. 🚀
    1
    5.50%
    MOVE BankTerm Deposit11 mo
    Go to site
  2. 🏦
    2
    5.45%
    HeartlandTerm Deposit1 yr
    Go to site
  3. 🚀
    3
    5.45%
    MOVE BankTerm Deposit1 yr
    Go to site
  1. 4
    🏦
    Police Credit Union Ltd PALMERSTON TRM DEPOSIT13 mo5.45%
  2. 5
    🏦
    Police Credit Union Ltd CONTACT TERM DEPOSIT13 mo5.45%
  3. 6
    🏦
    Police Credit Union Ltd YORKETOWN TERM DEPOSIT13 mo5.45%
  4. 7
    🏦
    Police Credit Union Ltd MT GAMBIER TRM DEPOSIT13 mo5.45%
  5. 8
    🏦
    Police Credit Union Ltd MT BARKER TERM DEPOSIT13 mo5.45%
  6. 9
    🏦
    Police Credit Union Ltd TTP TERM DEPOSIT13 mo5.45%
  7. 10
    🏦
    Police Credit Union Ltd MARION TERM DEPOSIT13 mo5.45%
Compare all 2238

Terms from 11 to 13 months count as 12-month deposits. Rates are for new money at the minimum deposit; interest is paid at maturity unless the bank says otherwise. Business, SMSF and wholesale deposits are excluded.

Rates by term

Highest and average at each term
Highest rateAverage rateAverage last month
3.8%4.3%4.8%5.3%5.8%3 mo6 mo9 mo1 yr2 yr3 yr5 yr5.50%4.18%
TermHighestAverageMonth change
3 mo · 2765.10%4.25%0.00
6 mo · 3825.40%4.45%+0.06
9 mo · 3515.55%4.33%0.00
1 yr · 4525.50%4.73%−0.05
2 yr · 2885.55%4.50%−0.07
3 yr · 1795.40%4.37%−0.05
5 yr · 855.50%4.18%−0.12

Each deposit joins the nearest headline term within 10% of it (11 to 13 months → 12 months); deposits at odd terms such as 18 months count only in the overall figures. “Month change” compares each term's average with the same figure reconstructed for the previous month.

The Big 4

Best 12-month rate at each
  • 🏦
    4.70%at 12 months
    Commonwealth BankBest any term 4.95% · 2 yr
  • 🏢
    4.75%at 12 months
    WestpacBest any term 5.00% · 2 yr
  • 🏛️
    5.23%at 12 months
    ANZ
  • 🏪
    5.25%at 12 months
    NAB

Paid monthly

Highest rates that pay interest monthly
  1. 1
    🏦
    Southern Cross Credit Union TERM DEPOSIT11 mo5.40%
  2. 2
    🏦
    G&C Mutual Bank Term Deposit2 yr5.40%
  3. 3
    🏦
    G&C Mutual Bank Term Deposit30 mo5.40%
  4. 4
    🏦
    Judo Bank Personal Term Deposits4 yr5.40%
  5. 5
    🏦
    Judo Bank Personal Term Deposits5 yr5.40%

For anyone drawing an income from a deposit. Banks usually shade the rate slightly for monthly payment; the figures here are the monthly-paid rate as published.

Rate changes in July

70 rises · 285 cuts · 29 banks

Cuts

  • 🐄
    Rabobank cut 112 depositsup to −0.50
    • 3 moOnline Term Deposit4.90 → 4.85−0.05
    • 3 moOnline Term Deposit4.90 → 4.85−0.05
    • 6 moOnline Term Deposit5.15 → 5.00−0.15
    • 6 moOnline Term Deposit5.15 → 5.00−0.15
    • 6 moOnline Term Deposit5.05 → 4.95−0.10
    • 6 moOnline Term Deposit5.05 → 4.95−0.10
    • 6 moOnline Term Deposit4.95 → 4.90−0.05
    • 9 moOnline Term Deposit5.20 → 4.95−0.25
    • 9 moOnline Term Deposit5.20 → 4.95−0.25
    • 9 moOnline Term Deposit5.10 → 4.90−0.20
    • 9 moOnline Term Deposit5.10 → 4.90−0.20
    • 9 moOnline Term Deposit5.00 → 4.85−0.15
    • and 100 more deposits at Rabobank
  • 🏦
    Central West CUL cut 32 depositsup to −0.10
    • 17 mo$5000+ (12m - 24m) I154.90 → 4.80−0.10
    • 17 mo$5000+ (12m - 24m) I154.90 → 4.80−0.10
    • 17 mo$5000+ (12m - 24m) I154.90 → 4.80−0.10
    • 17 mo$5000+ (12m - 24m) I154.90 → 4.80−0.10
    • 17 mo$5000+ (12m - 24m) I154.90 → 4.80−0.10
    • 17 mo$5000+ (12m - 24m) I154.90 → 4.80−0.10
    • 17 mo$5000+ (12m - 24m) I154.90 → 4.80−0.10
    • 17 mo$5000+ (12m - 24m) I154.90 → 4.80−0.10
    • 17 mo$5000+ (12m - 24m) I154.90 → 4.80−0.10
    • 17 mo$5000+ (12m - 24m) I154.90 → 4.80−0.10
    • 17 mo$5000+ (12m - 24m) I154.90 → 4.80−0.10
    • 17 mo$5000+ (12m - 24m) I45.00 → 4.90−0.10
    • and 20 more deposits at Central West CUL
  • ☀️
    Suncorp Bank cut 12 depositsup to −1.20
    • 4 moTerm Deposit5.15 → 3.95−1.20
    • 4 moTerm Deposit5.15 → 4.00−1.15
    • 4 moTerm Deposit5.15 → 4.05−1.10
    • 6 moTerm Deposit5.00 → 4.90−0.10
    • 6 moTerm Deposit5.00 → 4.90−0.10
    • 6 moTerm Deposit5.00 → 4.90−0.10
    • 18 moTerm Deposit5.30 → 5.15−0.15
    • 18 moTerm Deposit5.30 → 5.15−0.15
    • 18 moTerm Deposit5.30 → 5.15−0.15
    • 2 yrTerm Deposit5.25 → 5.00−0.25
    • 2 yrTerm Deposit5.25 → 5.00−0.25
    • 2 yrTerm Deposit5.25 → 5.00−0.25
  • 🏦
    Heartland cut 12 depositsup to −0.30
    • 6 moTerm Deposit5.40 → 5.35−0.05
    • 9 moTerm Deposit5.50 → 5.40−0.10
    • 1 yrTerm Deposit5.40 → 5.30−0.10
    • 1 yrTerm Deposit5.55 → 5.45−0.10
    • 2 yrTerm Deposit5.25 → 5.05−0.20
    • 2 yrTerm Deposit5.05 → 4.85−0.20
    • 3 yrTerm Deposit5.25 → 5.05−0.20
    • 3 yrTerm Deposit5.00 → 4.80−0.20
    • 4 yrTerm Deposit4.90 → 4.75−0.15
    • 4 yrTerm Deposit5.25 → 5.10−0.15
    • 5 yrTerm Deposit5.45 → 5.15−0.30
    • 5 yrTerm Deposit5.00 → 4.70−0.30
  • 🏦
    Commonwealth Bank cut 12 depositsup to −0.25
    • 2 yrStandard Term Deposit5.10 → 4.85−0.25
    • 2 yrStandard Term Deposit5.15 → 4.90−0.25
    • 2 yrStandard Term Deposit5.15 → 4.90−0.25
    • 2 yrStandard Term Deposit5.20 → 4.95−0.25
    • 2 yrStandard Term Deposit5.20 → 4.95−0.25
    • 2 yrStandard Term Deposit5.10 → 4.85−0.25
    • 2 yrStandard Term Deposit5.15 → 4.90−0.25
    • 2 yrStandard Term Deposit5.20 → 4.95−0.25
    • 2 yrStandard Term Deposit5.15 → 4.90−0.25
    • 2 yrStandard Term Deposit5.20 → 4.95−0.25
    • 2 yrStandard Term Deposit5.15 → 4.90−0.25
    • 2 yrStandard Term Deposit5.15 → 4.90−0.25
  • 🏛️
    BOQ cut 12 depositsup to −0.20
    • 3 moPremier Investment Term Deposit4.45 → 4.40−0.05
    • 4 moPremier Investment Term Deposit4.45 → 4.40−0.05
    • 4 moPremier Investment Term Deposit4.55 → 4.50−0.05
    • 6 moPremier Investment Term Deposit4.85 → 4.80−0.05
    • 6 moPremier Investment Term Deposit4.75 → 4.70−0.05
    • 7 moPremier Investment Term Deposit4.75 → 4.70−0.05
    • 7 moPremier Investment Term Deposit4.85 → 4.80−0.05
    • 8 moPremier Investment Term Deposit4.20 → 4.00−0.20
    • 9 moPremier Investment Term Deposit4.90 → 4.85−0.05
    • 9 moPremier Investment Term Deposit5.00 → 4.95−0.05
    • 1 yrPremier Investment Term Deposit5.10 → 5.05−0.05
    • 1 yrPremier Investment Term Deposit5.00 → 4.95−0.05
  • 🏢
    Westpac cut 10 depositsup to −0.50
    • 1 yrTerm Deposit4.95 → 4.70−0.25
    • 1 yrTerm Deposit5.00 → 4.75−0.25
    • 1 yrTerm Deposit4.95 → 4.70−0.25
    • 1 yrTerm Deposit5.00 → 4.75−0.25
    • 23 moTerm Deposit4.95 → 4.70−0.25
    • 23 moTerm Deposit4.95 → 4.70−0.25
    • 23 moTerm Deposit5.00 → 4.75−0.25
    • 35 moTerm Deposit5.00 → 4.50−0.50
    • 35 moTerm Deposit4.95 → 4.45−0.50
    • 35 moTerm Deposit4.95 → 4.45−0.50
  • 🏦
    St.George Bank cut 9 depositsup to −0.50
    • 1 yrTerm Deposit5.00 → 4.75−0.25
    • 1 yrTerm Deposit4.95 → 4.70−0.25
    • 1 yrTerm Deposit4.95 → 4.70−0.25
    • 1 yrTerm Deposit5.00 → 4.75−0.25
    • 13 moTerm Deposit4.95 → 4.70−0.25
    • 13 moTerm Deposit4.95 → 4.70−0.25
    • 2 yrTerm Deposit4.95 → 4.45−0.50
    • 2 yrTerm Deposit5.00 → 4.50−0.50
    • 2 yrTerm Deposit4.95 → 4.45−0.50
  • 🏦
    Bank of Melbourne cut 9 depositsup to −0.50
    • 1 yrTerm Deposit5.00 → 4.75−0.25
    • 1 yrTerm Deposit5.00 → 4.75−0.25
    • 1 yrTerm Deposit4.95 → 4.70−0.25
    • 1 yrTerm Deposit4.95 → 4.70−0.25
    • 13 moTerm Deposit4.95 → 4.70−0.25
    • 13 moTerm Deposit4.95 → 4.70−0.25
    • 2 yrTerm Deposit5.00 → 4.50−0.50
    • 2 yrTerm Deposit4.95 → 4.45−0.50
    • 2 yrTerm Deposit4.95 → 4.45−0.50
  • 🏦
    BankSA cut 9 depositsup to −0.50
    • 1 yrTerm Deposit5.00 → 4.75−0.25
    • 1 yrTerm Deposit4.95 → 4.70−0.25
    • 1 yrTerm Deposit4.95 → 4.70−0.25
    • 1 yrTerm Deposit5.00 → 4.75−0.25
    • 13 moTerm Deposit4.95 → 4.70−0.25
    • 13 moTerm Deposit4.95 → 4.70−0.25
    • 2 yrTerm Deposit4.95 → 4.45−0.50
    • 2 yrTerm Deposit5.00 → 4.50−0.50
    • 2 yrTerm Deposit4.95 → 4.45−0.50
  • 🏦
    Bank Australia cut 8 depositsup to −0.10
    • 1 yrTerm Deposit 12 months5.40 → 5.30−0.10
    • 1 yrTerm Deposit 12 months5.40 → 5.30−0.10
    • 1 yrMonthly Term Deposit 12 months5.30 → 5.20−0.10
    • 1 yrMonthly Term Deposit 12 months5.30 → 5.20−0.10
    • 2 yrMonthly Term Deposit 24 months5.10 → 5.00−0.10
    • 2 yrMonthly Term Deposit 24 months5.10 → 5.00−0.10
    • 3 yrMonthly Term Deposit 36 months5.00 → 4.90−0.10
    • 3 yrMonthly Term Deposit 36 months5.00 → 4.90−0.10
  • 💼
    Macquarie Bank Limited cut 8 depositsup to −0.05
    • 1 yrMacquarie Term Deposit5.15 → 5.10−0.05
    • 1 yrMacquarie Term Deposit5.15 → 5.10−0.05
    • 1 yrMacquarie Term Deposit5.25 → 5.20−0.05
    • 1 yrMacquarie Term Deposit5.13 → 5.08−0.05
    • 1 yrMacquarie Term Deposit5.13 → 5.08−0.05
    • 1 yrMacquarie Term Deposit5.25 → 5.20−0.05
    • 1 yrMacquarie Term Deposit5.25 → 5.20−0.05
    • 1 yrMacquarie Term Deposit5.25 → 5.20−0.05
  • 💳
    Newcastle Permanent Building Society cut 6 depositsup to −0.10
    • 1 yrTerm Deposit5.35 → 5.25−0.10
    • 1 yrTerm Deposit5.25 → 5.15−0.10
    • 1 yrTerm Deposit5.25 → 5.15−0.10
    • 1 yrTerm Deposit5.25 → 5.15−0.10
    • 5 yrTerm Deposit3.55 → 3.45−0.10
    • 5 yrTerm Deposit3.55 → 3.45−0.10
  • 🌳
    Bendigo cut 5 depositsup to −0.15
    • 1 yrStandard Term Deposit5.10 → 4.95−0.15
    • 1 yrStandard Term Deposit5.10 → 4.95−0.15
    • 1 yrStandard Term Deposit5.05 → 4.95−0.10
    • 1 yrStandard Term Deposit5.05 → 4.95−0.10
    • 1 yrBendigo Cash Solutions Term Deposit3.50 → 3.47−0.03
  • 🏦
    Judo Bank cut 4 depositsup to −0.35
    • 8 moPersonal Term Deposits5.20 → 4.85−0.35
    • 8 moPersonal Term Deposits5.30 → 4.95−0.35
    • 11 moPersonal Term Deposits5.45 → 5.25−0.20
    • 11 moPersonal Term Deposits5.35 → 5.15−0.20
  • 🏛️
    ANZ cut 4 depositsup to −0.24
    • 2 yrANZ Advance Notice Term Deposit5.13 → 4.89−0.24
    • 2 yrANZ Advance Notice Term Deposit5.15 → 4.91−0.24
    • 2 yrANZ Advance Notice Term Deposit5.18 → 4.94−0.24
    • 2 yrANZ Advance Notice Term Deposit5.18 → 4.94−0.24
  • 🏦
    People First Bank cut 4 depositsup to −0.15
    • 1 yrTerm Deposit5.25 → 5.10−0.15
    • 1 yrTerm Deposit5.35 → 5.20−0.15
    • 1 yrTerm Deposit5.25 → 5.20−0.05
    • 1 yrTerm Deposit5.13 → 5.08−0.05
  • 🏦
    Maitland Mutual Limited cut 4 depositsup to −0.10
    • 5 moTerm Deposit5.15 → 5.05−0.10
    • 5 moTerm Deposit5.15 → 5.05−0.10
    • 5 moTerm Deposit5.15 → 5.05−0.10
    • 5 moTerm Deposit5.15 → 5.05−0.10
  • 🚀
    MOVE Bank cut 3 depositsup to −0.10
    • 1 yrTerm Deposit5.35 → 5.30−0.05
    • 2 yrTerm Deposit5.45 → 5.35−0.10
    • 2 yrTerm Deposit5.35 → 5.25−0.10
  • 🏦
    Geelong Bank cut 2 depositsup to −0.15
    • 1 yrRegular Income Plus for 12 months5.20 → 5.05−0.15
    • 1 yrTwelve Month Term Deposit5.30 → 5.15−0.15
  • and 5 more banks with smaller moves

Rises

  • 🏦
    Commonwealth Bank raised 12 depositsup to +1.05
    • 6 moStandard Term Deposit3.40 → 4.45+1.05
    • 6 moStandard Term Deposit3.40 → 4.45+1.05
    • 6 moStandard Term Deposit3.45 → 4.50+1.05
    • 6 moStandard Term Deposit3.45 → 4.50+1.05
    • 6 moStandard Term Deposit3.45 → 4.50+1.05
    • 6 moStandard Term Deposit3.45 → 4.50+1.05
    • 6 moStandard Term Deposit3.45 → 4.45+1.00
    • 6 moStandard Term Deposit3.45 → 4.45+1.00
    • 6 moStandard Term Deposit3.50 → 4.50+1.00
    • 6 moStandard Term Deposit3.50 → 4.50+1.00
    • 6 moStandard Term Deposit3.50 → 4.50+1.00
    • 6 moStandard Term Deposit3.50 → 4.50+1.00
  • 🏦
    BNK Bank (Goldfields Money/BCHL) raised 10 depositsup to +0.25
    • 3 moStow It Term Deposit Account4.90 → 4.95+0.05
    • 4 moStow It Term Deposit Account4.90 → 5.05+0.15
    • 5 moStow It Term Deposit Account4.95 → 5.20+0.25
    • 6 moStow It Term Deposit Account5.00 → 5.20+0.20
    • 7 moStow It Term Deposit Account5.05 → 5.25+0.20
    • 8 moStow It Term Deposit Account5.05 → 5.25+0.20
    • 9 moStow It Term Deposit Account5.05 → 5.25+0.20
    • 10 moStow It Term Deposit Account5.05 → 5.25+0.20
    • 11 moStow It Term Deposit Account5.05 → 5.25+0.20
    • 1 yrStow It Term Deposit Account5.05 → 5.25+0.20
  • 🏦
    Coastline Bank raised 9 depositsup to +0.10
    • 6 moI50 Gold Mbr Ftd 6 Mths4.60 → 4.70+0.10
    • 6 moI50 Gold Mbr Ftd 6 Mths4.80 → 4.90+0.10
    • 6 moI50 Gold Mbr Ftd 6 Mths4.80 → 4.90+0.10
    • 6 moI50 Gold Mbr Ftd 6 Mths4.60 → 4.70+0.10
    • 6 moI50 Gold Mbr Ftd 6 Mths4.60 → 4.70+0.10
    • 6 moI50 Gold Mbr Ftd 6 Mths4.80 → 4.90+0.10
    • 6 moI50 Gold Mbr Ftd 6 Mths4.70 → 4.80+0.10
    • 6 moI50 Gold Mbr Ftd 6 Mths4.70 → 4.80+0.10
    • 6 moI50 Gold Mbr Ftd 6 Mths4.70 → 4.80+0.10
  • 🏦
    Defence Bank raised 8 depositsup to +0.25
    • 3 moTerm Deposit 3 months4.10 → 4.35+0.25
    • 5 moTerm Deposit 5 month4.50 → 4.75+0.25
    • 6 moTerm Deposit 6 months4.50 → 4.75+0.25
    • 7 moTerm Deposit 7 months4.50 → 4.75+0.25
    • 8 moTerm Deposit 8 month4.50 → 4.75+0.25
    • 9 moTerm Deposit 9 months4.50 → 4.75+0.25
    • 11 moTerm Deposit 11 month4.50 → 4.75+0.25
    • 1 yrTerm Deposit 12 months4.95 → 5.20+0.25
  • ☀️
    Suncorp Bank raised 7 depositsup to +1.30
    • 3 moTerm Deposit3.70 → 5.00+1.30
    • 3 moTerm Deposit3.80 → 5.00+1.20
    • 9 moTerm Deposit3.95 → 5.20+1.25
    • 9 moTerm Deposit4.05 → 5.20+1.15
    • 1 yrTerm Deposit5.30 → 5.35+0.05
    • 1 yrTerm Deposit5.30 → 5.35+0.05
    • 1 yrTerm Deposit5.30 → 5.35+0.05
  • 🏦
    Arab Bank Australia Limited raised 6 depositsup to +0.15
    • 3 moFixed Term Deposit - Personal4.35 → 4.50+0.15
    • 3 moFixed Term Deposit - Personal4.85 → 5.00+0.15
    • 3 moFixed Term Deposit - Personal4.85 → 5.00+0.15
    • 3 moFixed Term Deposit - Personal4.85 → 5.00+0.15
    • 3 moFixed Term Deposit - Personal4.35 → 4.50+0.15
    • 3 moFixed Term Deposit - Personal4.35 → 4.50+0.15
  • 🏠
    Hume Bank raised 5 depositsup to +0.15
    • 3 moTerm Deposit - Online 100 Day4.85 → 4.90+0.05
    • 3 moTerm Deposit 100 Day (Interest at Maturity)4.85 → 4.90+0.05
    • 6 moTerm Deposit 6M (Interest at Maturity)5.05 → 5.20+0.15
    • 6 moTerm Deposit Online 6M (Interest at Maturity)5.05 → 5.20+0.15
    • 6 moTerm Deposit 6M (Interest Paid Monthly)4.95 → 5.10+0.15
  • 🏦
    People First Bank raised 3 depositsup to +0.85
    • 7 moTerm Deposit4.40 → 5.25+0.85
    • 7 moTerm Deposit4.50 → 5.35+0.85
    • 7 moTerm Deposit4.50 → 5.35+0.85
  • 🏛️
    ANZ raised 3 depositsup to +0.10
    • 6 moANZ Advance Notice Term Deposit4.97 → 5.07+0.10
    • 6 moANZ Advance Notice Term Deposit4.95 → 5.05+0.10
    • 6 moANZ Advance Notice Term Deposit5.00 → 5.10+0.10
  • 🏦
    Geelong Bank raised 2 depositsup to +0.15
    • 6 moSix Month term deposit5.05 → 5.20+0.15
    • 6 moRegular Income Plus for 6 months4.95 → 5.10+0.15
  • 🏦
    Greater Bank Limited raised 2 depositsup to +0.10
    • 6 moTerm Investment - Interest Monthly4.90 → 5.00+0.10
    • 6 moTerm Investment - Interest Monthly4.90 → 5.00+0.10
  • 🏦
    Beyond Bank Australia raised 1 deposit+0.25
    • 6 moINV - 6 Mth Capitalise4.65 → 4.90+0.25
  • 💳
    Newcastle Permanent Building Society raised 1 deposit+0.10
    • 6 moTerm Deposit4.90 → 5.00+0.10
  • 🐄
    Rabobank raised 1 deposit+0.05
    • 3 moOnline Term Deposit4.70 → 4.75+0.05

One row per bank and direction; open a row for the deposits it moved. A bank re-pricing its whole curve is one story, not thirty.

How this report is produced

Data
Each bank's Consumer Data Right (open banking) product feed, re-read nightly. A rate change is recorded when a deposit's published rate differs from the last value stored.
Figures
Rates are each deposit's last recorded value on or before 31 July 2026; deposits with no record by then are not counted. Changes compare the last rate before the month with the last rate within it. 462 history entries fall in this month. Tracking began in April 2026.
Scope
Personal term deposits open to Australian residents, as listed on BankMate, across 77 banks. Not financial advice. Methodology · Today's full ranking