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Term Deposit 3 months ($250k+)


Calculate term deposit interest for Citi

Deposit amount

Savings term


Pros and Cons

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

Citi term deposit rates

Savings Term
$250,000 - $2,000,000
3 months 2.25%




While there’s no definite way to predict when term deposit rates will increase, it may help to understand some of the factors that influence term deposit interest rates.

The official cash rate is set by the Reserve Bank of Australia (RBA). When the RBA either increases or cuts interest rates, it influences the interest rates set by banks.

The other factor that determines when term deposit rates will rise is competition between banks. Banks may increase their term deposit rates or offer higher rates as an incentive to win new customers over or increase their market share.

Term deposit interest rates will also change, depending on how much you invest and how long you invest.

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