Compare the best term deposit interest rates

Hello and welcome to Saver Scene Australia’s page to find the best interest rates for fixed term deposits, where we compare more than just the big 4 banks.

Links to accounts are below the top interest rate comparison chart.

Updated 25th of June 2015:
Sadly my Generalised Dystonia has gotten a lot worse and to manually check each of the banks & building societies has gotten too hard, I’ve since found a great site, Canstar Cannex Term Deposits Compare, that has even more term deposit accounts listed than I ever could and also offers the best interest rates for different savings amounts starting at $1,000:

Canstar Compare Term Deposits: here
Canstar Compare for $1,000: here
Canstar Compare for $10,000: here
Canstar Compare for $25,000: here
Canstar Compare for $100,000: here
Canstar Compare for $250,000: here

To compare the best term deposit rates 2015:
Please choose the term you want, for example 5 years, hover your mouse pointer over the deposit length then click to get the highest savings interest rate to the top, if it shows a low rate or 0, 0/n/a click again to bring the top rate up.

Alphabetical list of accounts in term deposits rates comparison chart:

Links to the financial institutions, banks and building societies, these links should take you to the term deposit pages, if not please let me know. Links are in alphabetical order of above list:

  1. AMP – Term Deposits | Term Deposit Rates| AMP Australia. – AMP Bank Term Deposit interest rates.
  2. ANZ – ANZ Term Deposits – compare term deposit rates | ANZ. – ANZ Term Deposits provide security with a fixed rate of return over your selected fixed investment term. Relax while your money works for you.
  3. Arab Bank Australia – Fixed Term Deposit – Arab Bank Australia. – Arab Bank Australia - winner of the Personal Investor Magazine Excellence in Financial Services Awards for Australia's Best Term Deposit, 7 years running.
  4. Bank of Melbourne – Maxi Saver | High interest savings account | Bank of Melbourne. – A high interest rate savings account with branch access. Unlimited fee-free internet & phone banking 24/7.
  5. BOQ – Term Deposit interest rates – Bank of Queensland. – BOQ - Term Deposit interest rates.
  6. Bankwest – compare savings accounts & term deposits – Bankwest. – Compare our savings accounts & term deposits using our easy to use savings account comparison tool to find a savings account that is right for you.
  7. Bendigo Bank – Bendigo Bank term deposits. – Security, flexibility and competitive interest rates.
  8. Citibank – Term Deposits – Citibank Australia. – Secure your funds at a high rate of interest and receive guaranteed returns on your savings. Find out more.
  9. Commonwealth Bank – Term Deposits – Commonwealth Bank. – A term deposit is an investment where the interest rate is guaranteed not to change for the nominated term. Apply online or in NetBank.
  10. HSBC Bank – Term Deposit Rates Australia | HSBC Australia. – HSBC offers Australian dollar and foreign currency term deposit accounts. Apply online.
  11. ING Direct – Term Deposits – ING DIRECT. – Personal Term Deposits are our hardest working savings accounts. Visit the ING DIRECT website to find out more about how we work hard so you don't have to.
  12. Macquarie Bank – Macquarie > Personal Savings Accounts – Macquarie Bank Term Deposits. – Macquarie Bank Term deposits, competitive interest rates on a range of investment terms . No establishment, monthly account keeping or management fees.
  13. NAB – Term deposit – High rate term deposits account – NAB – National Australia Bank. – A NAB Term Deposit is a safe investment. Grow your wealth with an interest rate fixed for a term you choose. Open a new term deposit account online.
  14. RaboDirect – Term Deposits with High Interest Rates | RaboDirect Australia. – Looking for a cracking Term Deposit account? Visit RaboDirect today & start earning up to 4.60% p.a. Low minimum deposit and a range of terms to suit you.
  15. Rural Bank Limited – Personal Term Deposit – Rural Bank. – A Rural Bank Term Deposit Account gives you peace of mind with the security of a high fixed interest rate and the flexibility to choose from a range of terms.
  16. St.George Bank – St.George Term Deposit. – Start planning for the future with a Term Deposit
  17. Suncorp Bank – Term Deposits – Personal | Suncorp Bank. – Features Government Guarantee Your deposit funds are guaranteed by the Australian Government subject to the limits as outlined in the Financial Claims Scheme. Interest Payment Options Monthly Quarterly Six monthly Annually At maturity (Depending on the term length you select). Reinvestment Options.
  18. UBank – Low risk Term Deposits – high interest rate – UBank Term Deposit account overview. – Earn a great interest rate without attracting any fees. Choose from various terms and if you rollover your deposit amount  at the end of your term, we'll reward you with a Loyalty Bonus. UBank is backed by NAB.
  19. Westpac – Term Deposit Rates – Compare Australian Term Deposit Rates | Westpac.

Compare the best term deposit interest rates

I’ve tried to compare all the top accounts in Australia; If I’ve made any mistakes, or you’ve found better interest rates that aren’t listed please do let everyone know, feel free to either message me through the forum or add a post to the Savings Forum.

Further reading about term deposits to help you with your cash savings:

Term Deposits – – Money Smart by ASIC.
Time Deposits – Wikipedia – A time deposit (also known as a certificate of deposit in the United States, a term deposit, particularly in Canada, Australia and New Zealand; a bond in the United Kingdom; Fixed Deposits in India and in some other countries).
Fixed Deposits – Wikipedia.

About the best term deposit interest rates:

This page is only about looking at the best interest rates, and is purely about the interest the banks and building societies offer, it does not look at the quality of service that each of these financial institutions offers, I sadly don’t have enough money to try them all!

Although we try our best at to find the top interest rates, we may miss some, if we have please feel free to let us know! Or if you have a review on services or want to share anything about these banks and building societies please feel free to add it in the savings forums. There’s nothing better than a bit more research to make sure you get the best interest rate for your savings.