product logo

Term Deposit

Calculate term deposit interest for ANZ

Deposit amount

Savings term

months

Pros and Cons

Pros:
  • Covered By government guarantee
Cons:
  • Interest cannot be paid to other institution

ANZ term deposit rates

Savings Term
$5,000 - $99,999
1 month 1.00%
2 months 1.00%
3 months 1.00%
4 months 1.00%
5 months 1.00%
6 months 1.10%
7 months 1.00%
8 months 1.00%
9 months 1.00%
10 months 1.00%
11 months 1.00%
1 year 1.15%
2 years 1.60%
3 years 1.55%
4 years 1.60%
5 years 1.80%

Features

Fees

FAQs

Yes, term deposits are covered by the Australian government guarantee.

Under the Financial Claims Scheme, the Australian government guarantees term deposits up to $250,000, capped at one person, per financial institution.

This means that your term deposit (if it’s $250,000 or less) is protected in the unlikely event the bank, building society or credit union collapses.

If you have more than $250,000 in a term deposit with one the one bank, for example, then only up to $250,000 of your principal is covered.

If you’ve got more than $250,000 and you wish to invest in a term deposit, you could consider dividing your money between term deposits and banks (limiting each deposit to $250,000 per bank).

That way all of your deposits are protected by the Australian government guarantee and you will not suffer any financial losses.

Details  
Compare your product with the big 4 banks, or add more products to compare
As seen on