Bank Australia term deposit rates
7 terms published on 10 Oct 2026, best 5.50% for 12 months, from Bank Australia’s own Consumer Data Right feed.
Today’s rates >_Interest on a deposit →Bank Australia website →
Bank Australia at a glance
Best rate5.50%12 months · Term Deposit 12 months
Market rankjoint #5of 77 banks by best rate · joint #4 of 75 at 1yr
6mo vs market+0.30median 5.00% · joint #4 of 73
1yr vs market+0.25median 5.25% · joint #4 of 75
Last 30 days▲5 ▼0rate changes since 10 Sep 2026
Today’s rates7 terms · read 10 Oct 2026
| Term | Rate | Rank | vs median | vs best | Last change | This rate | Min. deposit | Product |
|---|---|---|---|---|---|---|---|---|
| 3mo | 5.10% | joint #2 of 68 | +0.55 | −0.15 | ▲ +0.05 23 Sep | in effect since 23 Sep 2026 | $500 | Term Deposit 3 months |
| 6mo | 5.30% | joint #4 of 73 | +0.30 | −0.15 | — | same on every day read since 10 Sep 2026 | $500 | Impact Term Deposit 6 months |
| 9mo | 5.30% | joint #5 of 60 | +0.50 | −0.10 | ▲ +0.20 23 Sep | in effect since 23 Sep 2026 | $500 | Term Deposit 9 months |
| 1yr | 5.50% | joint #4 of 75 | +0.25 | −0.10 | ▲ +0.10 16 Sep | in effect since 16 Sep 2026 | $500 | Term Deposit 12 months |
| 18mo | 3.55% | joint #20 of 25 | −0.75 | −1.95 | — | same on every day read since 10 Sep 2026 | $500 | Term Deposit 18 months |
| 2yr | 5.40% | joint #4 of 67 | +0.70 | −0.15 | ▲ +0.30 23 Sep | in effect since 23 Sep 2026 | $500 | Term Deposit 24 months |
| 3yr | 5.40% | joint #2 of 51 | +1.10 | −0.05 | ▲ +0.40 23 Sep | in effect since 23 Sep 2026 | $500 | Term Deposit 36 months |
“Rank”, “vs median” and “vs best” compare Bank Australia with every bank that publishes the same term today. “This rate” is the first day our daily read showed the current rate — a rate that changed between two reads is dated to the first read that showed it.
What Bank Australia publishes about its products14 term deposit products · as published 10 Oct 2026
| Product | Interest paid | Min. deposit | Max. deposit | Fixed-rate terms | Links |
|---|---|---|---|---|---|
| Term Deposit 24 monthsbusiness | yearly (at maturity) | $500 | $3,000,000 | 1 | product page · terms · fees · eligibility |
| Monthly Term Deposit 36 monthsbusiness | monthly | $500 | $3,000,000 | 1 | product page · terms · fees · eligibility |
| Term Deposit 3 monthssmsfbusiness | quarterly (at maturity) | $500 | $3,000,000 | 1 | product page · terms · fees · eligibility |
| Term Deposit 36 monthsbusiness | yearly (at maturity) | $500 | $3,000,000 | 1 | product page · terms · fees · eligibility |
| Monthly Term Deposit 24 monthsbusiness | monthly | $500 | $3,000,000 | 1 | product page · terms · fees · eligibility |
| Term Deposit 9 monthsbusiness | every 9 months (at maturity) | $500 | $3,000,000 | 1 | product page · terms · fees · eligibility |
| Monthly Term Deposit 12 monthsbusiness | monthly | $500 | $3,000,000 | 1 | product page · terms · fees · eligibility |
| Term Deposit 12 monthsbusiness | yearly (at maturity) | $500 | $3,000,000 | 1 | product page · terms · fees · eligibility |
| Impact Term Deposit 6 monthsbusiness | half-yearly (at maturity) | $500 | $3,000,000 | 1 | product page · terms · fees · eligibility |
| Monthly Term Deposit 6 monthsbusiness | monthly | $500 | $3,000,000 | 1 | product page · terms · fees · eligibility |
| Term Deposit 6 monthsbusiness | half-yearly (at maturity) | $500 | $3,000,000 | 1 | product page · terms · fees · eligibility |
| Term Deposit Negotiatedbusiness | not stated | $500 | not stated | 0 | product page · terms · fees · eligibility |
| Term Deposit 18 monthsbusiness | every 18 months (at maturity) | $500 | $3,000,000 | 1 | product page · terms · fees · eligibility |
| Monthly Term Deposit 18 monthsbusiness | monthly | $500 | $3,000,000 | 1 | product page · terms · fees · eligibility |
Term Deposit 24 months: eligibility, conditions and features
- Eligibility
- businesses: Sole traders, Pty Ltd, public companies, partnerships or associations; minimum age: 0 — Children aged 12 years and younger requires that a parent or guardian is a signatory to the account until the child turns 13 years old. At the age of 13 years old, the parent or guardian may at the c…; individuals: Natural Person or In trust for a Natural Person or Non-Individual entity; residency: Be an Australian citizen, permanent resident or have a valid visa; or entity be… — AU
- Conditions
- min limit 500.00 — Minimum Balance of $500 is required
- Features
- digital banking — You can self-serve your day-to-day banking needs via Bank Australia's App or Internet Banking.; other — Early Withdrawal: If you want to withdraw your TD prior to maturity, you are required to provide 31 days' prior notice. You may incur an interest adjustment and a Term Deposit early withdrawal admin…
- The bank’s description
- The fixed term deposit making a positive difference to more than just your bank balance.
- Interest calculated
- daily
Monthly Term Deposit 36 months: eligibility, conditions and features
- Eligibility
- businesses: Sole traders, Pty Ltd, public companies, partnerships or associations; minimum age: 0 — Children aged 12 years and younger requires that a parent or guardian is a signatory to the account until the child turns 13 years old. At the age of 13 years old, the parent or guardian may at the c…; individuals: Natural Person or In trust for a Natural Person or Non-Individual entity; residency: AU — Be an Australian citizen, permanent resident or have a valid visa; or entity be registered in Australia
- Conditions
- min balance 500.00 — Minimum Balance of $500 is required
- Features
- digital banking — You can self-serve your day-to-day banking needs via Bank Australia's App or Internet Banking.; other — Monthly income term deposit redemptions prior to the expiry of the agreed term will be approved with 31 days' notice. During the notice period, no interest will be earned on the portion of the term d…
- The bank’s description
- The fixed term deposit making a positive difference to more than just your bank balance.
- Interest calculated
- daily
Term Deposit 3 months: eligibility, conditions and features
- Eligibility
- businesses: Sole traders, Pty Ltd, public companies, partnerships or associations; minimum age: 0 — Children aged 12 years and younger requires that a parent or guardian is a signatory to the account until the child turns 13 years old. At the age of 13 years old, the parent or guardian may at the c…; individuals: Natural Person or In trust for a Natural Person or Non-Individual entity; Personal, Joint, Self Managed Super Fund (SMSF), Business & Trust.; residency: AU — Be an Australian citizen, permanent resident or have a valid Visa; or entity be registered in Australia
- Conditions
- min balance 500.00 — Minimum Balance of $500 is required
- Features
- digital banking — You can self-serve your day-to-day banking needs via Bank Australia's App or Internet Banking.; other — Early Withdrawal: If you want to withdraw your TD prior to maturity, you are required to provide 31 days' prior notice. You may incur an interest adjustment and a Term Deposit early withdrawal admin…
- The bank’s description
- The fixed term deposit making a positive difference to more than just your bank balance.
- Interest calculated
- daily
Term Deposit 36 months: eligibility, conditions and features
- Eligibility
- businesses: Sole traders, Pty Ltd, public companies, partnerships or associations; minimum age: 0 — Children aged 12 years and younger requires that a parent or guardian is a signatory to the account until the child turns 13 years old. At the age of 13 years old, the parent or guardian may at the c…; individuals: Natural Person or In trust for a Natural Person or Non-Individual entity; residency: AU — Be an Australian citizen, permanent resident or have a valid visa; or entity be registered in Australia
- Conditions
- min balance 500.00 — Minimum Balance of $500 is required
- Features
- digital banking — You can self-serve your day-to-day banking needs via Bank Australia's App or Internet Banking.; other — Early Withdrawal: If you want to withdraw your TD prior to maturity, you are required to provide 31 days' prior notice. You may incur a repayment adjustment.
- The bank’s description
- The fixed term deposit making a positive difference to more than just your bank balance.
- Interest calculated
- monthly or daily
Monthly Term Deposit 24 months: eligibility, conditions and features
- Eligibility
- businesses: Sole traders, Pty Ltd, public companies, partnerships or associations; minimum age: 0 — Children aged 12 years and younger requires that a parent or guardian is a signatory to the account until the child turns 13 years old. At the age of 13 years old, the parent or guardian may at the c…; individuals: Natural Person or In trust for a Natural Person or Non-Individual entity; residency: Be an Australian citizen, permanent resident or have a valid visa; or entity be… — AU
- Conditions
- min balance 500.00 — Minimum Balance of $500 is required
- Features
- digital banking — You can self-serve your day-to-day banking needs via Bank Australia's App or Internet Banking.; other — Monthly income term deposit redemptions prior to the expiry of the agreed term will be approved with 31 days' notice. During the notice period, no interest will be earned on the portion of the term d…
- The bank’s description
- The fixed term deposit making a positive difference to more than just your bank balance.
- Interest calculated
- daily
Term Deposit 9 months: eligibility, conditions and features
- Eligibility
- businesses: Sole traders, Pty Ltd, public companies, partnerships or associations; minimum age: 0 — Children aged 12 years and younger requires that a parent or guardian is a signatory to the account until the child turns 13 years old. At the age of 13 years old, the parent or guardian may at the c…; individuals: Natural Person or In trust for a Natural Person or Non-Individual entity; residency: AU — Be an Australian citizen, permanent resident or have a valid visa; or entity be registered in Australia
- Conditions
- min balance 500.00 — Minimum Balance of $500 is required
- Features
- digital banking — You can self-serve your day-to-day banking needs via Bank Australia's App or Internet Banking.; other — Early Withdrawal: If you want to withdraw your TD prior to maturity, you are required to provide 31 days' prior notice. You may incur an interest adjustment and a Term Deposit early withdrawal admin…
- The bank’s description
- The fixed term deposit making a positive difference to more than just your bank balance.
- Interest calculated
- daily
Monthly Term Deposit 12 months: eligibility, conditions and features
- Eligibility
- businesses: Sole traders, Pty Ltd, public companies, partnerships or associations; minimum age: 0 — Children aged 12 years and younger requires that a parent or guardian is a signatory to the account until the child turns 13 years old. At the age of 13 years old, the parent or guardian may at the c…; individuals: Natural Person or In trust for a Natural Person or Non-Individual entity; residency: AU — Be an Australian citizen, permanent resident or have a valid visa; or entity be registered in Australia
- Conditions
- min balance 500.00 — Minimum Balance of $500 is required
- Features
- digital banking — You can self-serve your day-to-day banking needs via Bank Australia's App or Internet Banking.; other — Monthly income term deposit redemptions prior to the expiry of the agreed term will be approved with 31 days' notice. During the notice period, no interest will be earned on the portion of the term d…
- The bank’s description
- The fixed term deposit making a positive difference to more than just your bank balance.
- Interest calculated
- daily
Term Deposit 12 months: eligibility, conditions and features
- Eligibility
- businesses: Sole traders, Pty Ltd, public companies, partnerships or associations; minimum age: 0 — Children aged 12 years and younger requires that a parent or guardian is a signatory to the account until the child turns 13 years old. At the age of 13 years old, the parent or guardian may at the c…; individuals: Natural Person or In trust for a Natural Person or Non-Individual entity; residency: AU — Be an Australian citizen, permanent resident or have a valid visa; or entity be registered in Australia
- Conditions
- min balance 500.00 — Minimum Balance of $500 is required
- Features
- digital banking — You can self-serve your day-to-day banking needs via Bank Australia's App or Internet Banking.; other — Early Withdrawal: If you want to withdraw your TD prior to maturity, you are required to provide 31 days' prior notice. You may incur an interest adjustment and a Term Deposit early withdrawal admin…
- The bank’s description
- The fixed term deposit making a positive difference to more than just your bank balance.
- Interest calculated
- daily
Impact Term Deposit 6 months: eligibility, conditions and features
- Eligibility
- businesses: Sole traders, Pty Ltd, public companies, partnerships or associations; minimum age: 0 — Children aged 12 years and younger requires that a parent or guardian is a signatory to the account until the child turns 13 years old. At the age of 13 years old, the parent or guardian may at the c…; individuals: Natural Person or In trust for a Natural Person or Non-Individual entity.; residency: AU — Be an Australian citizen, permanent resident or have a valid visa; or entity be registered in Australia.
- Conditions
- min balance 500.00 — Minimum Balance of $500 is required
- Features
- digital banking — You can self-serve your day-to-day banking needs via Bank Australia's App or Internet Banking.; other — Early Withdrawal: If you want to withdraw your TD prior to maturity, you are required to provide 31 days' prior notice. You may incur an interest adjustment and a Term Deposit early withdrawal admin…
- The bank’s description
- Support a set pool of lending that funds targeted impact for people and the planet, while growing your savings.
- Interest calculated
- daily
Monthly Term Deposit 6 months: eligibility, conditions and features
- Eligibility
- businesses: Sole traders, Pty Ltd, public companies, partnerships or associations; minimum age: 0 — Children aged 12 years and younger requires that a parent or guardian is a signatory to the account until the child turns 13 years old. At the age of 13 years old, the parent or guardian may at the c…; individuals: Natural Person or In trust for a Natural Person or Non-Individual entity; residency: AU — Be an Australian citizen, permanent resident or have a valid visa; or entity be registered in Australia
- Conditions
- min balance 500.00 — Minimum Balance of $500 is required
- Features
- digital banking — You can self-serve your day-to-day banking needs via Bank Australia's App or Internet Banking.; other — Monthly income term deposit redemptions prior to the expiry of the agreed term will be approved with 31 days' notice. During the notice period, no interest will be earned on the portion of the term d…
- The bank’s description
- The fixed term deposit making a positive difference to more than just your bank balance.
- Interest calculated
- daily
Term Deposit 6 months: eligibility, conditions and features
- Eligibility
- businesses: Sole traders, Pty Ltd, public companies, partnerships or associations; minimum age: 0 — Children aged 12 years and younger requires that a parent or guardian is a signatory to the account until the child turns 13 years old. At the age of 13 years old, the parent or guardian may at the c…; individuals: Natural Person or In trust for a Natural Person or Non-Individual entity.; residency: AU — Be an Australian citizen, permanent resident or have a valid visa; or entity be registered in Australia.
- Conditions
- min balance 500.00 — Minimum Balance of $500 is required
- Features
- digital banking — You can self-serve your day-to-day banking needs via Bank Australia's App or Internet Banking.; other — Early Withdrawal: If you want to withdraw your TD prior to maturity, you are required to provide 31 days' prior notice. You may incur an interest adjustment and a Term Deposit early withdrawal admin…
- The bank’s description
- The fixed term deposit making a positive difference to more than just your bank balance.
- Interest calculated
- daily
Term Deposit Negotiated: eligibility, conditions and features
- Eligibility
- businesses: Sole traders, Pty Ltd, public companies, partnerships or associations; minimum age: 13 — Customers must be aged 18+ to open a personal or non-personal Term Deposit. This term deposit cannot be opened through digital channels.; individuals: Natural Person or In trust for a Natural Person or Non-Individual entity; residency: AU — Be an Australian citizen, permanent resident or have a valid visa; or entity be registered in Australia
- Conditions
- min balance 500.00 — Minimum Balance of $500 is required
- Features
- digital banking — You can self-serve your day-to-day banking needs via Bank Australia's App or Internet Banking.; other — Early Withdrawal: If you want to withdraw your TD prior to maturity, you are required to provide 31 days' prior notice. You may incur an interest adjustment and a Term Deposit early withdrawal admin…
- The bank’s description
- The fixed term deposit making a positive difference to more than just your bank balance.
Term Deposit 18 months: eligibility, conditions and features
- Eligibility
- businesses: Sole traders, Pty Ltd, public companies, partnerships or associations; minimum age: 0 — Children aged 12 years and younger requires that a parent or guardian is a signatory to the account until the child turns 13 years old. At the age of 13 years old, the parent or guardian may at the c…; individuals: Natural Person or In trust for a Natural Person or Non-Individual entity; residency: AU — Be an Australian citizen, permanent resident or have a valid visa; or entity be registered in Australia
- Conditions
- min balance 500.00 — Minimum Balance of $500 is required
- Features
- digital banking — You can self-serve your day-to-day banking needs via Bank Australia's App or Internet Banking.; other — Early Withdrawal: If you want to withdraw your TD prior to maturity, you are required to provide 31 days' prior notice. You may incur an interest adjustment and a Term Deposit early withdrawal admin…
- The bank’s description
- The fixed term deposit making a positive difference to more than just your bank balance.
- Interest calculated
- daily
Monthly Term Deposit 18 months: eligibility, conditions and features
- Eligibility
- businesses: Sole traders, Pty Ltd, public companies, partnerships or associations; minimum age: 0 — Children aged 12 years and younger requires that a parent or guardian is a signatory to the account until the child turns 13 years old. At the age of 13 years old, the parent or guardian may at the c…; individuals: Natural Person or In trust for a Natural Person or Non-Individual entity; residency: Be an Australian citizen, permanent resident or have a valid visa; or entity be… — AU
- Conditions
- min balance 500.00 — Minimum Balance of $500 is required
- Features
- digital banking — You can self-serve your day-to-day banking needs via Bank Australia's App or Internet Banking; other — Monthly income term deposit redemptions prior to the expiry of the agreed term will be approved with 31 days' notice. During the notice period, no interest will be earned on the portion of the term d…
- The bank’s description
- The fixed term deposit making a positive difference to more than just your bank balance.
- Interest calculated
- daily
Every line is the bank’s own statement in its feed, read that day — nothing is inferred. Early-withdrawal terms appear under conditions or features when a bank states them; a retail product that is also open to businesses or SMSFs is marked.
Rate historyevery sweep day since 26 Aug 2026 · 46 days · 7 terms
3mo 5.10% today
26 Aug 202610 Oct 2026
6mo 5.30% today
26 Aug 202610 Oct 2026
9mo 5.30% today
26 Aug 202610 Oct 2026
1yr 5.50% today
26 Aug 202610 Oct 2026
2yr 5.40% today
26 Aug 202610 Oct 2026
3yr 5.40% today
26 Aug 202610 Oct 2026
All 7 terms — the other 1
18mo 3.55% today
26 Aug 202610 Oct 2026
Each line is the best retail rate Bank Australia published for that term on each day we read its feed. A break in the line is a day we read no rate for that term — the feed could not be read, or the bank did not publish that term that day — never a rate carried forward.
Where Bank Australia sitsagainst the 77 banks ranked today
1yr: 3 banks ahead
- Community First Bank 5.60%
- Dnister Bank 5.55%
- Heartland Bank 5.55%
6mo: 3 banks ahead
- Heartland Bank 5.45%
- RACQ Bank 5.45%
- Unity Bank 5.35%
Customer-owned banks52 banks · top 10 by best rate
| Bank | Best | Term | 6 m | 12 m | Market rank |
|---|---|---|---|---|---|
 Community First Bank | 5.60% | 1yr | 5.10% | 5.60% | #1 |
 Dnister Bank | 5.55% | 1yr | 5.30% | 5.55% | #2 |
| Unity Bank | 5.55% | 2yr | 5.35% | 5.50% | #2 |
| Bank Australia | 5.50% | 1yr | 5.30% | 5.50% | #5 |
 Bank First | 5.50% | 1yr | 5.30% | 5.50% | #5 |
 Qudos Bank | 5.50% | 1yr | 5.30% | 5.50% | #5 |
 Great Southern Bank | 5.45% | 1yr | 4.55% | 5.45% | #11 |
 People First Bank | 5.45% | 7mo | 5.00% | 5.20% | #11 |
 Police Credit Union | 5.45% | 11mo | 5.00% | 5.25% | #11 |
 QBANK | 5.45% | 1yr | 5.30% | 5.45% | #11 |
Timeline5 rate changes since 10 Sep 2026 · ▲5 ▼0 · 1 event
| Date | Term | From → to | Δ |
|---|---|---|---|
| 30 Sep 2026 | RBA | RBA cash rate 4.60% — up 0.25 pointsReserve Bank decision effective 2026-09-30: cash rate target 4.60%, a rise of 0.25 percentage points. | |
| 23 Sep 2026 | 3yr | 5.00 → 5.40 | ▲ +0.40 |
| 23 Sep 2026 | 2yr | 5.10 → 5.40 | ▲ +0.30 |
| 23 Sep 2026 | 9mo | 5.10 → 5.30 | ▲ +0.20 |
| 23 Sep 2026 | 3mo | 5.05 → 5.10 | ▲ +0.05 |
| 16 Sep 2026 | 1yr | 5.40 → 5.50 | ▲ +0.10 |
Questions about these rates
What is Bank Australia’s best term deposit rate today?
On 10 Oct 2026, the best retail term deposit rate Bank Australia publishes in its Consumer Data Right feed is 5.50% for 12 months (Term Deposit 12 months). That is joint #5 of the 77 Australian banks ranked by best rate today.
What is Bank Australia’s 12-month term deposit rate?
5.50% as read on 10 Oct 2026, 0.25 points above the market median of 5.25%, and joint #4 of the 75 banks publishing a 12-month rate. The market-best 12-month rate today is 5.60%.
What is the minimum deposit at Bank Australia?
The lowest minimum Bank Australia states in its feed is $500 (Term Deposit 3 months, 3-month). Check the product disclosure statement for balance tiers.
When did Bank Australia last change a term deposit rate?
The most recent change we read was on 23 Sep 2026: the 36-month rate moved from 5.00% to 5.40%. We have read 5 changes at Bank Australia since 10 Sep 2026.
Are deposits with Bank Australia guaranteed?
Bank Australia publishes its products under the Consumer Data Right as an Australian data holder. Under the Financial Claims Scheme, administered by APRA, protected Australian-dollar deposit accounts at an Australian-incorporated authorised deposit-taking institution (ADI) are covered up to $250,000 per account holder per ADI. Several brands can share one ADI licence, in which case the cap covers them together, so confirm which licence Bank Australia operates under before relying on the guarantee. Scheme facts checked against apra.gov.au (Financial Claims Scheme) on 15 Sep 2026 — the link is under “About Bank Australia” below; rates are as read on 10 Oct 2026.
About Bank Australia
- Type
- Customer-owned bank (mutual)
- Website
- www.bankaust.com.au
- Consumer Data Right feed
- https://public.cdr.bankaust.com.au
- Deposit guarantee
- Financial Claims Scheme, up to $250,000 per account holder per ADI — scheme details and covered institutions at APRA (checked 15 Sep 2026)
The rates on this page are the retail term deposit rates Bank Australia publishes in its own Consumer Data Right product feed, read once a day. Business, SMSF and staff-only products are left out. A product the bank publishes as “tailored” (pricing may be negotiated) is included only when the bank also states it is open to individuals, and is marked as tailored. A day on which we read no rate is a gap on this page — never an estimate.
Facts about the institution reviewed 15 Sep 2026. Rates read 10 Oct 2026.
Savings accounts at Bank Australiahighinterestsavingsaccounts.org
Best savings account max rate5.10%Bonus Saver · 2 steps · read 10 Oct 2026
Every account, the steps and the base rateBank Australia savings accounts →
A savings account keeps the money at call, but its rate can change at any time and its best rate usually has monthly conditions. A term deposit locks one rate for its term. Both figures come from the bank’s own feed.
Please note: the savings figures on this page are estimates only and may not reflect the return you actually receive. Actual returns vary with tax, fees, the interest payment frequency and any change the bank makes to a rate before you open the account. Rates are the bank’s own published Consumer Data Right figures and may differ for particular balance tiers or online-only products. Always read the product disclosure statement, confirm the rate with the bank, and consider your own circumstances. Nothing here is financial advice or a recommendation. This site is published by Nutshell Media Pty Ltd, which is not affiliated with any bank, credit union or building society.