Compare Australia's Best Fixed Term Deposit Rates
Compare today's highest fixed term deposit rates from trusted Australian banks and discover how much your savings could earn.
Compare Fixed Term Deposit Rates
Browse indicative rates from leading Australian banks. Provider names are hidden until you're matched — enquire to reveal your best-matched offer.
| Bank | Rate (p.a.) | Term | Min Deposit | Max Deposit | Interest Paid | |
|---|---|---|---|---|---|---|
Top Pick Hidden Until Matched | 6.55% | 1 Year | $5,000 | $2,000,000 | At maturity | Enquire |
Hidden Until Matched | 6.50% | 2 Years | $10,000 | $1,000,000 | Annually | Enquire |
Hidden Until Matched | 6.45% | 1 Year | $1,000 | $500,000 | Monthly | Enquire |
Hidden Until Matched | 6.40% | 6 Months | $5,000 | $1,000,000 | At maturity | Enquire |
Hidden Until Matched | 6.35% | 1.5 Years | $5,000 | $500,000 | Quarterly | Enquire |
Hidden Until Matched | 6.25% | 9 Months | $1,000 | $250,000 | At maturity | Enquire |
Hidden Until Matched | 6.20% | 3 Years | $10,000 | $2,000,000 | Annually | Enquire |
Hidden Until Matched | 6.15% | 3 Months | $5,000 | $500,000 | At maturity | Enquire |
Hidden Until Matched | 6.10% | 1 Year | $25,000 | $5,000,000 | Half-yearly | Enquire |
Hidden Until Matched | 6.05% | 4 Years | $5,000 | $1,000,000 | Annually | Enquire |
Hidden Until Matched | 6.00% | 5 Years | $10,000 | $1,000,000 | Annually | Enquire |
Hidden Until Matched | 5.95% | 6 Months | $1,000 | $500,000 | At maturity | Enquire |
Calculate Your Potential Returns
See how much your savings could earn locked in at today's fixed term deposit rates.
Why Choose a Fixed Term Deposit
A safe, predictable way to grow your savings with an Australian bank.
Guaranteed Fixed Returns
Lock in a known interest rate for your entire chosen term.
Trusted Australian Banks
Compare rates from established, APRA-regulated institutions.
Compare Multiple Banks
See competing rates side by side to find your best option.
Lock In Today's Rates
Secure current rates before they change.
Low Risk Savings
Protected under the Financial Claims Scheme up to $250,000.
Competitive Fixed Returns
Often outperform standard savings accounts.
Understanding Term Deposits
Everything you need to know before locking in a rate.
What is a Fixed Term Deposit?
A term deposit is a savings product where you lock away a set amount of money with a bank for a fixed period at a guaranteed interest rate.
How do Term Deposits work?
You choose an amount and a term (from 3 months to 5 years). The bank pays a fixed rate for the whole period; at maturity you get your deposit plus interest back.
Are Australian Term Deposits safe?
Deposits with APRA-regulated Australian banks are protected by the Financial Claims Scheme up to $250,000 per person, per authorised deposit-taking institution.
Can I access my money early?
Term deposits are designed to be held to maturity. Early withdrawals are usually allowed with 31 days' notice and typically incur an interest reduction.
How is interest paid?
Depending on the product, interest can be paid monthly, quarterly, half-yearly, annually or at maturity — often directly into a nominated account.
Who should consider a Term Deposit?
Savers who want predictable, guaranteed returns without market risk, and who don't need immediate access to that portion of their savings.
Frequently Asked Questions
Common questions about Australian fixed term deposits.