Bank Australia Term Deposit 12 months
1 termFixed rate
The fixed term deposit making a positive difference to more than just your bank balance.
5.60%
a year, up to, for 1 year
- Minimum deposit
- $500
- Maximum deposit
- Not published
- Terms offered
- 1
Rates by term
| Term | Amount | Interest paid | Rate a year |
|---|---|---|---|
| 1 year | $500 to $1,000,000 | Yearly | 5.60% |
| 1 year | $500 to $3,000,000 | Yearly | 5.60% |
How it compares
Against the other 1 year term deposits we compare. Typical means the middle half of them.
1 year rate
5.60%
A typical 1 year rate is 5.25%.
Minimum deposit
$500
A typical minimum is $2,000.
Pros and cons
Pros
- A higher rate. 5.60% for 1 year, above the typical 5.25%, so your money earns more over the term.
- A low minimum. You can start with $500.
Cons
- Your money is locked in. Taking it out early usually needs 31 days' notice and earns less interest.
Similar term deposits
Term deposits from other banks that pay a similar rate for the same term.
- Rate a year
- 5.60%
- Minimum deposit
- $10,000
- Rate a year
- 5.60%
- Minimum deposit
- $2,000
- Rate a year
- 5.55%
- Minimum deposit
- $10,000
