Summary:
The movements in term deposit rates by major and non-major banks continue to show stability this week. Over the past week, ending November 28, 2025, there were minimal adjustments, with notable consistency across most terms despite some isolated tweaks. Our survey across 42 institutions indicates that the most contested term deposit term remains 6 months, followed by 1 year and 3 months, with sample sizes of 42 each.
This week the best rate with a 3-month term was 4.38%, steady from the week before, with in1bank offering the top rate. The median rate of 3.80% reflects a broad range from 2.25% to 4.38%.
This week the best rate within 6 months term was 4.40%, unchanged from last week, offered by Military Bank. The median rate of 4.00% shows a tight quartile spread of 0.38%, indicating consistency.
Interestingly, the best 5-year rate was 4.40%, up from 4.30% last week, led by Judo Bank. The median rate held at 3.30%, with a range from 2.00% to 4.40%.
Our analysis shows term deposits with rates above 4% are holding strong. In the 3-month category, 6 institutions now offer over 4%, down from 7 last week. In the 6-month category, 15 institutions exceed 4%, up from 13 last week, reinforcing the 6-month term’s competitiveness.
For the 3-month term, the top rates are led by in1bank at 4.38%, followed closely by ING Direct and Bank Australia at 4.15%, Macquarie Bank at 4.10% and Teachers Mutual Bank and Great Southern Bank at 4.05%. In the 6-month category, Military Bank tops the list with 4.40%, followed by ING Direct at 4.35%, Bank Australia at 4.25%, and Arab Bank Australia at 4.20%. For the 1-year term, Judo Bank leads with 4.45%, followed by Bank of Sydney, Bank Australia and ING Direct at 4.20%. For the 5-year term, Judo Bank stands at the top with 4.40%, followed by Rabobank Australia at 4.30%.
Defensive Income- Term Deposits
Term deposit rates by Institution 28-11-2025
| Institution | 1 month | 3 month | 6 month | 9 month | 1 Year | 2 Year | 3 Year | 4 Year | 5 Year |
|---|---|---|---|---|---|---|---|---|---|
| ANZ | 1.20 | 2.70 | 2.95 | 3.20 | 3.65 | 3.40 | 2.90 | 2.90 | 2.90 |
| Commonwealth Bank | 1.20 | 2.85 | 3.05 | 3.20 | 3.70 | 4.20 | 3.40 | 3.40 | 3.40 |
| NAB | 1.20 | 2.75 | 3.00 | 3.15 | 4.00 | 3.40 | 2.90 | 2.90 | 2.90 |
| Westpac | 1.20 | 2.65 | 2.90 | 3.15 | 3.55 | 3.35 | 2.85 | 2.85 | 2.85 |
| Military Bank | 3.15 | 4.40 | 4.25 | 3.85 | 3.55 | 3.55 | |||
| AMP Bank | 0.10 | 3.80 | 4.00 | 3.85 | 3.80 | 3.60 | 3.00 | 3.00 | 3.00 |
| Arab Bank Australia | 1.25 | 3.95 | 4.20 | 3.85 | 3.75 | 3.40 | 3.30 | 3.30 | 3.20 |
| Bank of Melbourne | 1.20 | 2.65 | 2.90 | 3.15 | 3.25 | 2.80 | 2.75 | 2.75 | 2.75 |
| Bank Australia | 4.15 | 4.25 | 4.20 | 4.20 | 3.80 | 3.80 | |||
| BankSA | 1.20 | 2.65 | 2.90 | 3.15 | 3.50 | 2.80 | 2.75 | 2.75 | 2.75 |
| Bankwest | 2.00 | 3.75 | 3.80 | 3.70 | 3.70 | 3.50 | 3.50 | 3.55 | 3.55 |
| Bank of Sydney | 1.25 | 3.85 | 4.10 | 4.00 | 4.20 | ||||
| BankVic | 3.60 | 4.00 | 3.70 | 4.10 | 3.85 | 3.85 | 3.85 | 3.85 | |
| Beyond Bank | 3.85 | 3.70 | 3.55 | 3.60 | 3.25 | 3.15 | 3.15 | 3.15 | |
| Bendigo Bank | 1.20 | 2.75 | 3.00 | 3.20 | 3.60 | 2.95 | 3.00 | 3.00 | 3.00 |
| BOQ | 0.75 | 2.25 | 4.00 | 3.85 | 4.05 | 3.00 | 3.00 | 3.00 | |
| BOQ Specialist | 4.00 | 4.05 | 4.05 | 4.10 | 3.50 | 3.50 | 3.50 | 3.50 | |
| Great Southern Bank | 1.30 | 4.05 | 4.10 | 4.05 | 4.05 | 3.50 | 3.30 | 3.30 | 3.30 |
| Defence Bank | 3.35 | 3.50 | 3.50 | 3.50 | 3.00 | ||||
| Greater Bank | 1.00 | 3.75 | 4.15 | 3.60 | 4.00 | 3.30 | 3.50 | 3.30 | 3.30 |
| Heritage Bank | 1.05 | 3.65 | 3.95 | 3.55 | 3.55 | 3.40 | 3.40 | 3.40 | 3.40 |
| Horizon Credit Union | 1.25 | 3.60 | 3.80 | 3.70 | 3.70 | 3.50 | 3.50 | ||
| HSBC | 1.85 | 4.00 | 4.00 | 3.40 | 3.40 | 3.50 | 3.50 | 3.50 | 3.50 |
| IMB | 4.00 | 4.00 | 4.00 | 3.60 | 3.75 | 4.00 | 4.00 | ||
| ING Direct | 4.15 | 4.35 | 4.00 | 4.20 | 3.90 | ||||
| in1bank | 3.50 | 4.38 | 4.00 | 3.80 | 3.70 | 3.60 | |||
| Judo Bank | 3.90 | 4.10 | 4.10 | 4.45 | 4.00 | 4.10 | 4.30 | 4.40 | |
| Macquarie Bank | 2.10 | 4.10 | 4.10 | 4.05 | 4.00 | 3.60 | 3.65 | 3.80 | 3.80 |
| ME Bank | 0.75 | 4.00 | 4.10 | 4.00 | 4.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| MyState Bank | 0.50 | 3.80 | 4.00 | 3.80 | 3.90 | 3.50 | |||
| Newcastle Permanent | 1.00 | 3.75 | 4.15 | 3.60 | 4.00 | 3.30 | 3.50 | 3.30 | 3.30 |
| People's Choice Credit Union | 3.65 | 3.95 | 3.55 | 3.55 | 3.40 | 3.40 | 3.40 | 3.40 | |
| Police Bank | 4.00 | 4.00 | 3.75 | 3.70 | |||||
| P&N Bank | 4.00 | 3.90 | 3.80 | 3.70 | 3.40 | 3.35 | 3.35 | 3.35 | |
| RACQ Bank | 0.55 | 4.00 | 3.95 | 3.75 | 3.75 | 3.30 | 3.30 | 3.30 | 3.30 |
| Rabobank Australia | 2.00 | 4.00 | 4.00 | 3.85 | 3.95 | 3.65 | 3.70 | 4.15 | 4.30 |
| Bendigo Bank Agribusiness | 2.00 | 3.00 | 3.85 | 4.00 | 3.60 | ||||
| St.George Bank - Except VIC | 1.20 | 2.65 | 2.90 | 3.15 | 3.55 | 2.80 | 2.75 | 2.75 | 2.75 |
| Suncorp Bank | 1.30 | 4.00 | 4.15 | 3.70 | 3.50 | 3.70 | 3.20 | 3.20 | 3.20 |
| Teachers Mutual Bank | 4.05 | 4.05 | 3.95 | 3.85 | 3.25 | 3.25 | |||
| The Capricornian | 3.00 | 3.25 | 3.65 | 3.45 | |||||
| Bank First | 0.75 | 4.00 | 4.05 | 3.95 | 4.05 | 3.50 | 3.50 | 3.50 | 3.50 |