Summerland Bank term deposit rates
16 terms published on 10 Oct 2026, best 5.25% for 12 months, from Summerland Bank’s own Consumer Data Right feed.
Summerland Bank at a glance
Today’s rates16 terms · read 10 Oct 2026
| Term | Rate | Rank | vs median | vs best | Last change | This rate | Min. deposit | Product |
|---|---|---|---|---|---|---|---|---|
| 3mo | 3.50% | joint #53 of 68 | −1.05 | −1.75 | — | same on every day read since 26 Aug 2026 | $1,000 | Fixed Term Deposit |
| 4mo | 4.65% | #25 of 49 | median | −0.75 | — | same on every day read since 26 Aug 2026 | $1,000 | Fixed Term Deposit |
| 5mo | 4.70% | joint #14 of 50 | +0.40 | −0.50 | — | same on every day read since 26 Aug 2026 | $1,000 | Fixed Term Deposit |
| 6mo | 4.90% | joint #45 of 73 | −0.10 | −0.55 | ▼ −0.10 4 Sep | in effect since 4 Sep 2026 | $1,000 | Fixed Term Deposit |
| 7mo | 5.00% | joint #16 of 43 | +0.05 | −0.45 | — | same on every day read since 26 Aug 2026 | $1,000 | Fixed Term Deposit |
| 8mo | 5.00% | joint #11 of 39 | +0.60 | −0.25 | — | same on every day read since 26 Aug 2026 | $1,000 | Fixed Term Deposit |
| 9mo | 5.10% | joint #22 of 60 | +0.30 | −0.30 | — | same on every day read since 26 Aug 2026 | $1,000 | Fixed Term Deposit |
| 10mo | 5.10% | joint #4 of 40 | +1.10 | −0.25 | — | same on every day read since 26 Aug 2026 | $1,000 | Fixed Term Deposit |
| 11mo | 5.10% | joint #9 of 45 | +1.10 | −0.35 | — | same on every day read since 26 Aug 2026 | $1,000 | Fixed Term Deposit |
| 1yr | 5.25% | joint #38 of 75 | median | −0.35 | ▼ −0.05 4 Sep | in effect since 4 Sep 2026 | $1,000 | Fixed Term Deposit |
| 13mo | 5.00% | joint #8 of 18 | +0.15 | −0.50 | — | same on every day read since 26 Aug 2026 | $1,000 | Fixed Term Deposit |
| 18mo | 5.00% | joint #6 of 25 | +0.70 | −0.50 | — | same on every day read since 26 Aug 2026 | $1,000 | Fixed Term Deposit |
| 2yr | 4.70% | joint #34 of 67 | median | −0.85 | — | same on every day read since 26 Aug 2026 | $1,000 | Fixed Term Deposit |
| 3yr | 4.20% | joint #32 of 51 | −0.10 | −1.25 | — | same on every day read since 26 Aug 2026 | $1,000 | Fixed Term Deposit |
| 4yr | 3.60% | #23 of 32 | −0.40 | −1.90 | — | same on every day read since 26 Aug 2026 | $1,000 | Fixed Term Deposit |
| 5yr | 3.65% | #21 of 31 | −0.35 | −1.85 | — | same on every day read since 26 Aug 2026 | $1,000 | Fixed Term Deposit |
“Rank”, “vs median” and “vs best” compare Summerland Bank 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 Summerland Bank publishes about its products1 term deposit product · as published 10 Oct 2026
| Product | Interest paid | Min. deposit | Max. deposit | Fixed-rate terms | Links |
|---|---|---|---|---|---|
| Fixed Term Deposit | at maturity, monthly, yearly (at maturity), every 24 months (at maturity), quarterly (at maturity), every 36 months (at maturity), every 4 months (at maturity), every 48 months (at maturity) | $1,000 | $1,000,000 | 16 | terms · fees · eligibility |
Fixed Term Deposit: eligibility, conditions and features
- Eligibility
- residency: An eligibility constraint based on residency status applies.
- Conditions
- min balance 1000.00
- Features
- other — Save on paper, receive and view your statements online.
- The bank’s description
- Fixed Term Deposit
- 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.
Rate historyevery sweep day since 26 Aug 2026 · 46 days · 16 terms
3mo 3.50% today
26 Aug 202610 Oct 2026
6mo 4.90% today
26 Aug 202610 Oct 2026
1yr 5.25% today
26 Aug 202610 Oct 2026
2yr 4.70% today
26 Aug 202610 Oct 2026
3yr 4.20% today
26 Aug 202610 Oct 2026
5yr 3.65% today
26 Aug 202610 Oct 2026
All 16 terms — the other 10
4mo 4.65% today
26 Aug 202610 Oct 2026
5mo 4.70% today
26 Aug 202610 Oct 2026
7mo 5.00% today
26 Aug 202610 Oct 2026
8mo 5.00% today
26 Aug 202610 Oct 2026
9mo 5.10% today
26 Aug 202610 Oct 2026
10mo 5.10% today
26 Aug 202610 Oct 2026
11mo 5.10% today
26 Aug 202610 Oct 2026
13mo 5.00% today
26 Aug 202610 Oct 2026
18mo 5.00% today
26 Aug 202610 Oct 2026
4yr 3.60% today
26 Aug 202610 Oct 2026
Each line is the best retail rate Summerland Bank 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 Summerland Bank sitsagainst the 77 banks ranked today
1yr: 37 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 31 more on the leaderboard
6mo: 44 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 38 more on the leaderboard
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 |
| Summerland Bank | 5.25% | 1yr | 4.90% | 5.25% | #46 |
Timeline2 rate changes since 26 Aug 2026 · ▲0 ▼2 · 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. | |
| 4 Sep 2026 | 6mo | 5.00 → 4.90 | ▼ −0.10 |
| 4 Sep 2026 | 1yr | 5.30 → 5.25 | ▼ −0.05 |
Questions about these rates
What is Summerland Bank’s best term deposit rate today?
On 10 Oct 2026, the best retail term deposit rate Summerland Bank publishes in its Consumer Data Right feed is 5.25% for 12 months (Fixed Term Deposit). That is joint #46 of the 77 Australian banks ranked by best rate today.
What is Summerland Bank’s 12-month term deposit rate?
5.25% as read on 10 Oct 2026, exactly the market median of 5.25%, and joint #38 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 Summerland Bank?
The lowest minimum Summerland Bank states in its feed is $1,000 (Fixed Term Deposit, 3-month). Check the product disclosure statement for balance tiers.
When did Summerland Bank last change a term deposit rate?
The most recent change we read was on 4 Sep 2026: the 6-month rate moved from 5.00% to 4.90%. We have read 2 changes at Summerland Bank since 26 Aug 2026.
Are deposits with Summerland Bank guaranteed?
Summerland Bank 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 Summerland Bank 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 Summerland Bank” below; rates are as read on 10 Oct 2026.
About Summerland Bank
- Type
- Customer-owned bank (mutual)
- Consumer Data Right feed
- https://public.cdr-api.summerland.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 Summerland Bank 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
Summerland Bank 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.