Home News Which banks increased term deposit rates this week?

Mutuals shine, increasing term deposit rates by up to 1.00% p.a.

Mutual banks highlighted a week of term deposit movement, with G&C Mutual Bank now offering one of the highest 12 month deposit rates on the market.

By Jacob Cocciolone

on 12 Aug 2022

Fact Checked

Mutuals shine, increasing term deposit rates by up to 1.00% p.a.

There's no signs of slowing down term deposit increases, with a number of mutual banks joining the party this week in increasing deposit rates.

RBA data for July details the average retail term deposit rate for 1-year currently sits at 1.20% p.a.

Increases this week have seen one mutual bank in particular move to triple that rate, in a bid to appeal to a greater number of savers searching for an alternative to savings accounts.

G&C Mutual Bank

On Friday, G&C Mutual Bank increased a number of term deposit rates by up to 75 basis points.

Taking the cake was the mutual bank's 1-year rate, increasing by 35 basis points to 3.60% p.a.

With this increase, G&C Mutual has surpassed Judo Bank's 3.55% p.a. to offer the highest 12-month rate in Savings.com.au's market research.

To access this rate, G&C Mutual customers require a deposit of $1,000 with interest paid annually.

Other highlights include:

2-year term deposit, paid annually: 65 basis point increase to 3.90% p.a.
3-year term deposit, paid annually: 75 basis point increase to 4.00% p.a.

People's Choice

People's Choice increased term deposit rates by up to 50 basis points this week.

People's Choice range of term deposits require a minimum deposit of $5,000 with interest paid either annually or at the end of term.

Highlights of People's Choice term deposit increases include:

1-year term deposit, paid annually: 25 basis point increase to 3.00% p.a.
6-month term deposit, paid end of term: 50 basis point increase to 2.50% p.a.

BankVic

BankVic increased term deposit rates by up to 100 basis points this week across its 12-month term deposit products.

Similarly to People's Choice, BankVic term deposits require a minimum deposit of $5,000 with interest paid either annually or at the end of term.

BankVic's 12-month term deposit, paid annually increased to 2.45% p.a.

Bank of Sydney

Bank of Sydney increased term deposit rates on Tuesday by up to 55 basis points.

The range of term deposits offered by Bank of Sydney require a minimum deposit of $1,000 with interest paid at the end of term.

Highlights of these increases include the 7-month term deposit, increasing by 55 basis points to 2.60% p.a. as well as the 12-month term deposit, increasing by 50 basis points to 3.05% p.a.

Suncorp Bank

Suncorp Bank increased term deposit rates on Thursday by up to 40 basis points.

The range of term deposits offered by Suncorp Bank require a minimum deposit of $5,000 with interest paid annually.

Highlights of Suncorp Bank's increases include the 12-month term deposit, increasing by 30 basis points to 2.95% p.a.

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Want to earn a fixed interest rate on your cash? The table below features term deposits with some of the highest interest rates on the market for a 12-month term.

Deposit amount

Compare

Provider	Interest rate	Interest frequency	Term	Automatic Rollover	Maturity Alert	Early Withdrawal Available	Minimum Deposit	Notice Period to Withdraw	Joint Application	Online Application	as ofAugust 21, 2024

	4.85^%_p.a.	At Maturity, Annually	11_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	5000		$product[$field["value"]]	$product[$field["value"]]	More details
FEATURED	Term Deposit - 11 months Guaranteed rate of return Manage your term deposit online Choose your own term - Options range from one month to five years
FEATURED Term Deposit - 11 months Guaranteed rate of return Manage your term deposit online Choose your own term - Options range from one month to five years More details
	5.10^%_p.a.	At Maturity, Monthly	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	25000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit - 12 months
Term Deposit - 12 months More details
	5.10^%_p.a.	At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	50000	7	$product[$field["value"]]	$product[$field["value"]]	More details
	Wealth Builder Term Deposit - 12 months ($50,000+)
Wealth Builder Term Deposit - 12 months ($50,000+) More details
	4.50^%_p.a.	At Maturity, Annually	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	25000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($25k-$5m) - 12 months
Term Deposit ($25k-$5m) - 12 months More details
	5.00^%_p.a.	At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	8	$product[$field["value"]]	$product[$field["value"]]	More details
	Online Term Deposit - 12 months
Online Term Deposit - 12 months More details
	5.00^%_p.a.	Annually, At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($1000-$500001) - 12 months
Term Deposit ($1000-$500001) - 12 months More details
	5.10^%_p.a.	Annually, At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit - 12 months
Term Deposit - 12 months More details
	5.00^%_p.a.	At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	5000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($5k-$500k) - 12 months
Term Deposit ($5k-$500k) - 12 months More details
	4.80^%_p.a.	At Maturity, Annually	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	5000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($5k-$25k) - 12 months
Term Deposit ($5k-$25k) - 12 months More details
	5.00^%_p.a.	At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	5000	1	$product[$field["value"]]	$product[$field["value"]]	More details
	Fixed Term Deposit - 12 Months ($500+)
Fixed Term Deposit - 12 Months ($500+) More details
	4.70^%_p.a.	Annually	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	5000		$product[$field["value"]]	$product[$field["value"]]	More details
A GREAT RATE FOR OVER 55s	Term Deposit (Platinum Plus 55+) - 12 months If you are over 55 you can take advantage of special rates $0 monthly account fee Guaranteed rate of return
A GREAT RATE FOR OVER 55s Term Deposit (Platinum Plus 55+) - 12 months If you are over 55 you can take advantage of special rates $0 monthly account fee Guaranteed rate of return More details
	4.60^%_p.a.	At Maturity, Annually	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	5000		$product[$field["value"]]	$product[$field["value"]]	More details
FEATURED	Term Deposit - 12 months Guaranteed rate of return Manage your term deposit online $0 monthly account fee
FEATURED Term Deposit - 12 months Guaranteed rate of return Manage your term deposit online $0 monthly account fee More details
	4.95^%_p.a.	At Maturity, Monthly	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	25000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit - 12 months (Monthly)
Term Deposit - 12 months (Monthly) More details
	5.00^%_p.a.	Annually, At Maturity, Monthly	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	10000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($10000+) - 12 months
Term Deposit ($10000+) - 12 months More details
	4.60^%_p.a.	Annually, At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($1000+) - 12 months
Term Deposit ($1000+) - 12 months More details
	5.20^%_p.a.	At Maturity, Annually	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	500000		$product[$field["value"]]	$product[$field["value"]]	More details
	Fixed Term Deposit ($500000+) - 12 months
Fixed Term Deposit ($500000+) - 12 months More details
	5.00^%_p.a.	Annually, At Maturity, Monthly	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	5000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($5000+) - 12 month
Term Deposit ($5000+) - 12 month More details
	5.00^%_p.a.	At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	2000		$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit Special - 12 months
Term Deposit Special - 12 months More details
	4.95^%_p.a.	Annually, At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($1,000,000-$2,000,000) - 12 months
Term Deposit ($1,000,000-$2,000,000) - 12 months More details
	4.85^%_p.a.	Annually, At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	100000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($100000+) - 12 months
Term Deposit ($100000+) - 12 months More details
	5.05^%_p.a.	Annually, At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	10000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit - 12 months
Term Deposit - 12 months More details
	4.90^%_p.a.	Annually, At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	100000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($100,000-$999,999) - 12 months
Term Deposit ($100,000-$999,999) - 12 months More details
	5.05^%_p.a.	Annually, At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	10000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit - 12 months (Annually)
Term Deposit - 12 months (Annually) More details
	4.80^%_p.a.	Annually, At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	5000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($5000-$99999) - 12 months
Term Deposit ($5000-$99999) - 12 months More details
	4.70^%_p.a.	At Maturity, Annually	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	50000		$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit 12 month (> $50,000)
Term Deposit 12 month (> $50,000) More details
	5.10^%_p.a.	At Maturity, Annually	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	250000		$product[$field["value"]]	$product[$field["value"]]	More details
	Fixed Term Deposit ($250000-$500000) - 12 months
Fixed Term Deposit ($250000-$500000) - 12 months More details
	5.00^%_p.a.	Annually, At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	5000	7	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit - 12 Months Interest calculated daily and paid at end of term Monthly interest available for terms over 12 months For deposit amounts $5,000 - $2,000,000
Term Deposit - 12 Months Interest calculated daily and paid at end of term Monthly interest available for terms over 12 months For deposit amounts $5,000 - $2,000,000 More details
	4.85^%_p.a.	Annually, At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	250000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($250k+) - 12 Months
Term Deposit ($250k+) - 12 Months More details
	4.85^%_p.a.	At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	500	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($500 - $1mn) - 12 months
Term Deposit ($500 - $1mn) - 12 months More details
	4.85^%_p.a.	Annually, At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	5000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($5,000-$99,999) - 12 months
Term Deposit ($5,000-$99,999) - 12 months More details
	4.75^%_p.a.	At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	25000	1	$product[$field["value"]]	$product[$field["value"]]	More details
	Fixed Term Deposit 12 months ($25,000-$2,000,000)
Fixed Term Deposit 12 months ($25,000-$2,000,000) More details
	4.80^%_p.a.	At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	5000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit - 12 months
Term Deposit - 12 months More details
	4.90^%_p.a.	At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	2000		$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit - 12 months
Term Deposit - 12 months More details
	4.80^%_p.a.	Annually	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	5000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit - 12 months
Term Deposit - 12 months More details
	4.80^%_p.a.	Annually, At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Edvest Term Deposit ($1000 - $1000000) - 12 Months
Edvest Term Deposit ($1000 - $1000000) - 12 Months More details
	4.80^%_p.a.		12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Edvest Term Deposit ($1000 - $1000000) - 12 Months
Edvest Term Deposit ($1000 - $1000000) - 12 Months More details
	5.00^%_p.a.	At Maturity, Annually	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	25000		$product[$field["value"]]	$product[$field["value"]]	More details
	Fixed Term Deposit ($25000-$249999) - 12 months
Fixed Term Deposit ($25000-$249999) - 12 months More details
	4.80^%_p.a.	At Maturity, Annually	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	1	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit - 12 months
Term Deposit - 12 months More details
	4.80^%_p.a.	At Maturity, Annually	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	5000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	TDs Premier Investment ($5k - $250k) - 12 months
TDs Premier Investment ($5k - $250k) - 12 months More details
	4.80^%_p.a.	Monthly, At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit Special ($1,000 - $5,000,000) (interest paid monthly)
Term Deposit Special ($1,000 - $5,000,000) (interest paid monthly) More details
	4.80^%_p.a.	Annually, Semi-Annually, At Maturity, Monthly	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	5000		$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit - 12 months
Term Deposit - 12 months More details
	4.90^%_p.a.	At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	100000		$product[$field["value"]]	$product[$field["value"]]	More details
	Fixed Term Deposit ($100000-$1000000) - 12 months
Fixed Term Deposit ($100000-$1000000) - 12 months More details
	4.80^%_p.a.	Annually, At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000		$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit 12 months
Term Deposit 12 months More details
	4.80^%_p.a.	Annually, At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Edvest Term Deposit I20 ($1000-$1000000) - 12 months
Edvest Term Deposit I20 ($1000-$1000000) - 12 months More details
	4.80^%_p.a.	Annually, At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	500	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Rural Bank One Term Deposit (Online) - 12 months
Rural Bank One Term Deposit (Online) - 12 months More details
	4.80^%_p.a.	Annually, At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	50000	7	$product[$field["value"]]	$product[$field["value"]]	More details
	Fixed Term Deposit (> $50000) - 12 months
Fixed Term Deposit (> $50000) - 12 months More details
	5.00^%_p.a.	At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	5000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($5000+) - 12 months
Term Deposit ($5000+) - 12 months More details
	4.75^%_p.a.	At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	250000		$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($250000+) - 12 months
Term Deposit ($250000+) - 12 months More details
	4.80^%_p.a.	Monthly, At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit Special ($1,000 - $5,000,000) (interest paid monthly)
Term Deposit Special ($1,000 - $5,000,000) (interest paid monthly) More details
	4.80^%_p.a.	At Maturity, Annually	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	1	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit - 1 Year
Term Deposit - 1 Year More details
	4.80^%_p.a.	Monthly, At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit Special ($1,000 - $5,000,000) (interest paid monthly)
Term Deposit Special ($1,000 - $5,000,000) (interest paid monthly) More details
	4.80^%_p.a.	At Maturity, Annually	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000		$product[$field["value"]]	$product[$field["value"]]	More details
	Investment Plus - 12 months
Investment Plus - 12 months More details
	4.80^%_p.a.	Annually, At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Edvest Term Deposit ($1000 - $1000000) - 12 Months
Edvest Term Deposit ($1000 - $1000000) - 12 Months More details
	4.75^%_p.a.	Annually, At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit I10 ($1000-$1000000) - 12 months
Term Deposit I10 ($1000-$1000000) - 12 months More details
	4.75^%_p.a.	Monthly	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	5000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	1 Year Regular Income - 12 months
1 Year Regular Income - 12 months More details
	4.75^%_p.a.	At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	5000	1	$product[$field["value"]]	$product[$field["value"]]	More details
	Fixed Term Deposit 12 months ($5000-$24,999)
Fixed Term Deposit 12 months ($5000-$24,999) More details
	4.75^%_p.a.	At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	10000		$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit 12 months > $10000
Term Deposit 12 months > $10000 More details
	4.75^%_p.a.	Annually, At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($1000-$1000000) - 12 months
Term Deposit ($1000-$1000000) - 12 months More details
	4.75^%_p.a.	Annually, At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	31	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($1000-$1000000) - 12 months
Term Deposit ($1000-$1000000) - 12 months More details
	4.75^%_p.a.	Annually, At Maturity	12_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	10000		$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($10k-$500k) - 12 months
Term Deposit ($10k-$500k) - 12 months More details

Term Deposit - 11 months

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Jacob Cocciolone

Jacob Cocciolone joined the Savings team in 2021 as a Finance Journalist. Driven by a passion for keeping Australians up to date with the latest financial news and trends, his areas of interest include financial technology, investing, property and motoring.

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Savings.com.au provides general information and comparison services to help you make informed financial decisions. We do not cover every product or provider in the market. Our service is free to you because we receive compensation from product providers for sponsored placements, advertisements, and referrals. Importantly, these commercial relationships do not influence our editorial integrity.

For more detailed information, please refer to our How We Get Paid, Managing Conflicts of Interest, and Editorial Guidelines pages.

Editorial Integrity

At Savings.com.au, we are passionate about helping Australians make informed financial decisions. Our dedicated editorial team works tirelessly to provide you with accurate, relevant, and unbiased information. We pride ourselves on maintaining a strict separation between our editorial and commercial teams, ensuring that the content you read is based purely on merit and not influenced by commercial interests.

Learn more about our commitment to editorial integrity in our Editorial Guidelines.

Advertiser Disclosure

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For more details, see How We Get Paid.

Product Coverage and Sort Order

We strive to cover a broad range of products, providers, and services; however, we do not cover the entire market. Products in our comparison tables are sorted based on various factors, including product features, interest rates, fees, popularity, and commercial arrangements.

Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes.

Additionally, certain products may present forms designed to refer you to associated companies (e.g. our mortgage broker partner) who may be able to assist you with products from the brand you selected. We may receive a fee for this referral.

You can customise your search using our sorting and filtering tools to prioritise what matters most to you, although we do not compare all features and some results associated with commercial arrangements may still appear.

For more details, visit How We Get Paid and Managing Conflicts of Interest.

Comparison Rate Warning and Base Criteria

For home loans, the base criteria include a $400,000 loan amount over 25 years. For car loans and personal loans, the base criteria include a $30,000 loan over 5 years. These rates are only examples and may not include all fees and charges.

*The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Monthly Repayment Figures

Monthly repayment figures are estimates that exclude fees. These estimates are based on the advertised rates for the specified term and loan amount. Actual repayments will depend on your circumstances and interest rate changes.

Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you.

Related Brands

Savings.com.au is proudly part of the InfoChoice Group, which includes InfoChoice.com.au, YourMortgage.com.au, YourInvestmentPropertyMag.com.au, and PerformanceDrive.com.au. The InfoChoice Group is associated with the Firstmac Group.

We may include products and services from loans.com.au, CarLoans.com.au, OnlineAuto.com.au, and YourMortgageBroker Pty Ltd, all associated with the Firstmac Group. Importantly, these brands are treated like any other commercial partner.

Learn more about how we manage conflicts of interest.

General Advice Disclosure

The information provided by Savings.com.au is general in nature and does not take into account your personal objectives, financial situation, or needs. We recommend seeking independent financial advice before making any financial decisions. Before acquiring any financial product, obtain and read the relevant Product Disclosure Statement (PDS), Target Market Determination (TMD), and any other offer documents.

Rates and product information should be confirmed with the relevant credit provider. For more information, read Savings.com.au’s Financial Services and Credit Guide (FSCG).

Mutuals shine, increasing term deposit rates by up to 1.00% p.a.

G&C Mutual Bank

People's Choice

BankVic

Bank of Sydney

Suncorp Bank

Term Deposit - 11 months

Term Deposit - 11 months

Term Deposit - 12 months

Term Deposit - 12 months

Wealth Builder Term Deposit - 12 months ($50,000+)

Wealth Builder Term Deposit - 12 months ($50,000+)

Term Deposit ($25k-$5m) - 12 months

Term Deposit ($25k-$5m) - 12 months

Online Term Deposit - 12 months

Online Term Deposit - 12 months

Term Deposit ($1000-$500001) - 12 months

Term Deposit ($1000-$500001) - 12 months

Term Deposit - 12 months

Term Deposit - 12 months

Term Deposit ($5k-$500k) - 12 months

Term Deposit ($5k-$500k) - 12 months

Term Deposit ($5k-$25k) - 12 months

Term Deposit ($5k-$25k) - 12 months

Fixed Term Deposit - 12 Months ($500+)

Fixed Term Deposit - 12 Months ($500+)

Term Deposit (Platinum Plus 55+) - 12 months

Term Deposit (Platinum Plus 55+) - 12 months

Term Deposit - 12 months

Term Deposit - 12 months

Term Deposit - 12 months (Monthly)

Term Deposit - 12 months (Monthly)

Term Deposit ($10000+) - 12 months

Term Deposit ($10000+) - 12 months

Term Deposit ($1000+) - 12 months

Term Deposit ($1000+) - 12 months

Fixed Term Deposit ($500000+) - 12 months

Fixed Term Deposit ($500000+) - 12 months

Term Deposit ($5000+) - 12 month

Term Deposit ($5000+) - 12 month

Term Deposit Special - 12 months

Term Deposit Special - 12 months

Term Deposit ($1,000,000-$2,000,000) - 12 months

Term Deposit ($1,000,000-$2,000,000) - 12 months

Term Deposit ($100000+) - 12 months

Term Deposit ($100000+) - 12 months

Term Deposit - 12 months

Term Deposit - 12 months

Term Deposit ($100,000-$999,999) - 12 months

Term Deposit ($100,000-$999,999) - 12 months

Term Deposit - 12 months (Annually)

Term Deposit - 12 months (Annually)

Term Deposit ($5000-$99999) - 12 months

Term Deposit ($5000-$99999) - 12 months

Term Deposit 12 month (> $50,000)

Term Deposit 12 month (> $50,000)

Fixed Term Deposit ($250000-$500000) - 12 months

Fixed Term Deposit ($250000-$500000) - 12 months

Term Deposit - 12 Months

Term Deposit - 12 Months

Term Deposit ($250k+) - 12 Months

Term Deposit ($250k+) - 12 Months

Term Deposit ($500 - $1mn) - 12 months

Term Deposit ($500 - $1mn) - 12 months

Term Deposit ($5,000-$99,999) - 12 months

Term Deposit ($5,000-$99,999) - 12 months

Fixed Term Deposit 12 months ($25,000-$2,000,000)

Fixed Term Deposit 12 months ($25,000-$2,000,000)

Term Deposit - 12 months

Term Deposit - 12 months

Term Deposit - 12 months

Term Deposit - 12 months

Term Deposit - 12 months

Term Deposit - 12 months

Edvest Term Deposit ($1000 - $1000000) - 12 Months

Edvest Term Deposit ($1000 - $1000000) - 12 Months

Edvest Term Deposit ($1000 - $1000000) - 12 Months

Edvest Term Deposit ($1000 - $1000000) - 12 Months

Fixed Term Deposit ($25000-$249999) - 12 months

Fixed Term Deposit ($25000-$249999) - 12 months