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Compare and find the highest rate short term deposits

A short term deposit aims to grow wealth in a short timespan. Compare and calculate interest rates, returns, fees and more on short term deposits, and work out which bank or lender might make the most out of your money. Use filters to compare your results to find a term deposit that suits your needs.

Mark Bristow
Mark Bristow

Personal Finance Editor

Peter Terlato
Peter Terlato

Personal Finance Editor

Content updated

Product data updated

Deposit amount

$

Deposit term (in months)

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$5,000

4.75%

for 12 months

4.75%

for 12 months

Commonwealth Bank of Australia
Special Term Deposit
  • 12 months
  • Automatic maturity rollover
  • Joint application available
  • Maturity alert by email

$5,000

4.70%

for 12 months

4.70%

for 12 months

ANZ Banking Group Limited
Advance Notice Term Deposit
  • 12 months
  • Automatic maturity rollover
  • Joint application available
  • Maturity alert by phone

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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.