BankSA term deposit rates
17 terms published on 10 Oct 2026, best 5.20% for 12 months, from BankSA’s own Consumer Data Right feed.
BankSA at a glance
Today’s rates17 terms · read 10 Oct 2026
| Term | Rate | Rank | vs median | vs best | Last change | This rate | Min. deposit | Product |
|---|---|---|---|---|---|---|---|---|
| 1mo | 1.40% | joint #20 of 33 | −0.10 | −2.70 | — | same on every day read since 26 Aug 2026 | $1,000 | Term Deposit |
| 2mo | 1.65% | joint #20 of 36 | −0.10 | −2.80 | — | same on every day read since 26 Aug 2026 | $1,000 | Term Deposit |
| 3mo | 3.25% | joint #60 of 68 | −1.30 | −2.00 | — | same on every day read since 26 Aug 2026 | $1,000 | Term Deposit |
| 4mo | 3.40% | joint #42 of 49 | −1.25 | −2.00 | — | same on every day read since 26 Aug 2026 | $1,000 | Term Deposit |
| 5mo | 3.45% | joint #37 of 50 | −0.85 | −1.75 | — | same on every day read since 26 Aug 2026 | $1,000 | Term Deposit |
| 6mo | 3.40% | joint #64 of 73 | −1.60 | −2.05 | — | same on every day read since 26 Aug 2026 | $1,000 | Term Deposit |
| 7mo | 3.55% | joint #37 of 43 | −1.40 | −1.90 | — | same on every day read since 26 Aug 2026 | $1,000 | Term Deposit |
| 8mo | 3.60% | joint #32 of 39 | −0.80 | −1.65 | ▼ −1.60 9 Oct | in effect since 9 Oct 2026 | $1,000 | Term Deposit |
| 9mo | 3.65% | joint #52 of 60 | −1.15 | −1.75 | — | same on every day read since 26 Aug 2026 | $1,000 | Term Deposit |
| 10mo | 3.70% | joint #29 of 40 | −0.30 | −1.65 | — | same on every day read since 26 Aug 2026 | $1,000 | Term Deposit |
| 11mo | 3.75% | joint #32 of 45 | −0.25 | −1.70 | — | same on every day read since 26 Aug 2026 | $1,000 | Term Deposit |
| 1yr | 5.20% | joint #44 of 75 | −0.05 | −0.40 | ▲ +0.10 22 Sep | in effect since 22 Sep 2026 | $1,000 | Term Deposit |
| 13mo | 4.70% | joint #10 of 18 | −0.15 | −0.80 | — | same on every day read since 26 Aug 2026 | $1,000 | Term Deposit |
| 2yr | 4.50% | joint #41 of 67 | −0.20 | −1.05 | — | same on every day read since 26 Aug 2026 | $1,000 | Term Deposit |
| 3yr | 4.00% | joint #36 of 51 | −0.30 | −1.45 | — | same on every day read since 26 Aug 2026 | $1,000 | Term Deposit |
| 4yr | 4.00% | joint #15 of 32 | median | −1.50 | — | same on every day read since 26 Aug 2026 | $1,000 | Term Deposit |
| 5yr | 4.00% | joint #14 of 31 | median | −1.50 | — | same on every day read since 26 Aug 2026 | $1,000 | Term Deposit |
“Rank”, “vs median” and “vs best” compare BankSA 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 BankSA publishes about its products2 term deposit products · as published 10 Oct 2026
| Product | Interest paid | Min. deposit | Max. deposit | Fixed-rate terms | Links |
|---|---|---|---|---|---|
| Term Deposit | at maturity, monthly, half-yearly | $1,000 | not stated | 17 | product page · terms · fees · eligibility |
Term Deposit: eligibility, conditions and features
- Eligibility
- minimum age: 14 — The following restrictions apply if the Account holder is under the age of 14: the Account must be opened in the minor's name, by a parent, guardian, or grandparent; residency: Australian Permanent Resident; Online Only Existing Customers: If you already use Internet or Mobile Banking, you can renew or open a new Term Deposit online in your name. You can also check for bonus rates and manage your Term De…; Online Only New Customers: you'll need to open an everyday account to access Internet Banking (so you can open a Term Deposit and manage it online).
- Conditions
- min balance 1000.00 — Minimum Opening Balance; max balance 2000000.00 — Maximum Balance; other — You must provide a minimum of 31 days notice to access funds prior to maturity (except in cases of hardship). If the deposit or any part of it is withdrawn early, an interest rate adjustment will usu…
- Features
- other — Offers available on Term Deposits opened or renewed by existing BankSA personal or business customers. Available on deposits of $1,000-$2,000,000 with interest paid monthly or at maturity depending o…; other — Predictable earnings: With a fixed interest rate, you?ll know exactly how much you?re going to earn over your choice of fixed term.; other — Online bonus rates: Logon to check if you qualify for higher rates than those featured. You'll get an extra 0.10% p.a. for opening or renewing online.; other — Secured savings: Avoid the temptation to dip into your savings, by locking your investment away for a fixed length of time.; other — Options at maturity: Choose whether to withdraw funds or reinvest them, providing your instructions online or in the app.; other — Open a Term Deposit with as little as $1000 and pay no set up or monthly fees. Rates featured are available on deposits of up to $2000000.; other — When you open a BankSA Term Deposit, your money will be looked after by an Australian banking group that dates back over 200 years. Plus, combined balances up to $250,000 per account holder are guara…; other — Business customers are eligible to open an account and can open account either by Branch, Phone, online.; other — Opening Confirmation, Maturity, Reinvestment and Repayment advices are sent as regular advices; other — Choice of terms ranges from 1 to 60 months
- The bank’s description
- Get a fixed interest rate for your fixed term investment.
- Interest calculated
- daily
Also published, not ranked here: Business Term Deposit business (product page).
Every line is the bank’s own statement in its feed, read that day — nothing is inferred, though some statements are shortened here (an ellipsis or a “shortened” mark shows where, and long lists are capped): the full text is on the bank’s own pages linked above. Early-withdrawal terms appear under conditions or features when a bank states them.
Rate historyevery sweep day since 26 Aug 2026 · 46 days · 17 terms
3mo 3.25% today
26 Aug 202610 Oct 2026
6mo 3.40% today
26 Aug 202610 Oct 2026
1yr 5.20% today
26 Aug 202610 Oct 2026
2yr 4.50% today
26 Aug 202610 Oct 2026
3yr 4.00% today
26 Aug 202610 Oct 2026
5yr 4.00% today
26 Aug 202610 Oct 2026
All 17 terms — the other 11
1mo 1.40% today
26 Aug 202610 Oct 2026
2mo 1.65% today
26 Aug 202610 Oct 2026
4mo 3.40% today
26 Aug 202610 Oct 2026
5mo 3.45% today
26 Aug 202610 Oct 2026
7mo 3.55% today
26 Aug 202610 Oct 2026
8mo 3.60% today
26 Aug 202610 Oct 2026
9mo 3.65% today
26 Aug 202610 Oct 2026
10mo 3.70% today
26 Aug 202610 Oct 2026
11mo 3.75% today
26 Aug 202610 Oct 2026
13mo 4.70% today
26 Aug 202610 Oct 2026
4yr 4.00% today
26 Aug 202610 Oct 2026
Each line is the best retail rate BankSA 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 BankSA sitsagainst the 77 banks ranked today
1yr: 43 banks ahead
- Community First Bank 5.60%
- Dnister Bank 5.55%
- Heartland Bank 5.55%
- Unity Bank 5.50%
- Alex Bank 5.50%
- Bank Australia 5.50%
- and 37 more on the leaderboard
6mo: 63 banks ahead
- Heartland Bank 5.45%
- RACQ Bank 5.45%
- Unity Bank 5.35%
- Dnister Bank 5.30%
- Bank Australia 5.30%
- Bank First 5.30%
- and 57 more on the leaderboard
The Big 4 and their brands9 banks · top 10 by best rate
| Bank | Best | Term | 6 m | 12 m | Market rank |
|---|---|---|---|---|---|
 Suncorp Bank | 5.50% | 2yr | 4.80% | 5.40% | #5 |
 ANZ | 5.30% | 1yr | 3.50% | 5.30% | #31 |
 Bankwest | 5.30% | 1yr | 4.40% | 5.30% | #31 |
| CommBank | 5.30% | 1yr | 5.00% | 5.30% | #31 |
| NAB | 5.30% | 1yr | 3.50% | 5.30% | #31 |
 Bank of Melbourne | 5.20% | 1yr | 3.40% | 5.20% | #53 |
| BankSA | 5.20% | 1yr | 3.40% | 5.20% | #53 |
 St.George | 5.20% | 1yr | 3.40% | 5.20% | #53 |
 Westpac | 5.20% | 1yr | 3.40% | 5.20% | #53 |
Timeline5 rate changes since 26 Aug 2026 · ▲3 ▼2 · 1 event
| Date | Term | From → to | Δ |
|---|---|---|---|
| 9 Oct 2026 | 8mo | 5.20 → 3.60 | ▼ −1.60 |
| 8 Oct 2026 | 8mo | 3.60 → 5.20 | ▲ +1.60 |
| 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. | |
| 22 Sep 2026 | 1yr | 5.10 → 5.20 | ▲ +0.10 |
| 12 Sep 2026 | 1yr | 5.05 → 5.10 | ▲ +0.05 |
| 29 Aug 2026 | 1yr | 5.10 → 5.05 | ▼ −0.05 |
Questions about these rates
What is BankSA’s best term deposit rate today?
On 10 Oct 2026, the best retail term deposit rate BankSA publishes in its Consumer Data Right feed is 5.20% for 12 months (Term Deposit). That is joint #53 of the 77 Australian banks ranked by best rate today.
What is BankSA’s 12-month term deposit rate?
5.20% as read on 10 Oct 2026, 0.05 points below the market median of 5.25%, and joint #44 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 BankSA?
The lowest minimum BankSA states in its feed is $1,000 (Term Deposit, 1-month). Check the product disclosure statement for balance tiers.
When did BankSA last change a term deposit rate?
The most recent change we read was on 9 Oct 2026: the 8-month rate moved from 5.20% to 3.60%. We have read 5 changes at BankSA since 26 Aug 2026.
Are deposits with BankSA guaranteed?
BankSA 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 BankSA 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 BankSA” below; rates are as read on 10 Oct 2026.
About BankSA
- Also known as
- Bank SA
- Type
- A brand of a Big 4 bank
- Part of
- Westpac Group
- ASX code
- WBC
- Website
- www.banksa.com.au
- Consumer Data Right feed
- https://digital-api.banksa.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 BankSA 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 accountshighinterestsavingsaccounts.org
BankSA has no savings account on today’s board at highinterestsavingsaccounts.org, our sister site for at-call savings rates.
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.