Term deposits are a lower-risk investment option that can help grow your savings. Compare term deposit rates from our Online Partners with Canstars comparison tool.

Considering taking out a term deposit? Here are the interest rates on offer from ANZ, CommBank, NAB and Westpac at the time of writing.

Looking to invest your money in a term deposit? Here are the highest term deposit rates available on our database right now.

Understanding the Context

Interest rates updated daily. Compare current Australian interest rates for Home Loans, Credit Cards, Term Deposits, Savings Accounts and more!

Our term deposit interest rate calculator estimates how much you can potentially earn with different interest rates and term deposit terms.

With a term deposit you can invest your money for a fixed period of time at a fixed interest rate. We look at the different options for term deposits available in Australia.

Looking to invest some of your super into a term deposit? Here are the highest SMSF term deposit rates available on our database right now.

Key Insights

While a cash rate hike can lead to higher mortgage rates for borrowers, savers can expect banks to increase savings account rates in response, boosting returns on term deposits and high.

KEY POINTS Over 20 banks have reduced term deposit rates ahead of the RBAs cash rate decision, with cuts of up to 0.95 percentage points. While some banks still offer high savings.

Most term deposits also come with no set up or account keeping fees. You can use Canstars term deposit calculator to get an idea of how much interest you can expect to earn on your.

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