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Find and compare high interest term deposits
Compare term deposit interest rates, and learn more about how term deposits can help grow your wealth. There is no single best term deposit as everyone’s needs are different. Use filters to improve your results.
Research Director
Personal Finance Editor
Content updated
Product data updated
Consider these promoted savings accounts
Bonus Saver Account
Real Time Rating™
Bonus interest with conditions
App banking
Online banking
Linked account required
Maximum rate p.a.
5.00%*
Base rate p.a.
0.05%
Kids Bonus Saver < 18
Real Time Rating™
Bonus interest with conditions
App banking
Online banking
Maximum rate p.a.
0.85%*
Base rate p.a.
0.05%
Macquarie Savings Account
Real Time Rating™
Intro offer rate
App banking
Online banking
Linked account required
Maximum rate p.a.
5.35%
intro 4 months then 4.75%
Base rate p.a.
4.75%
Westpac Life - 18 to 29 years old
Real Time Rating™
Bonus interest with conditions
App banking
Online banking
Linked account required
Maximum rate p.a.
5.20%*
Base rate p.a.
2.00%
Product data updated on 19 Mar 2024
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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.