- 470
- Term deposits compared
- 78
- Banks
- 5.25%
- Typical 12-month rate on $10,000
- 5.10%
- Typical 6-month rate on $10,000
- 4.30%
- Typical 3-month rate on $10,000
- $2,000
- Typical minimum deposit
These figures cover the deposits listed on Finty, not the whole market. Rates are on a $10,000 deposit, and each term only counts the deposits that offer it.
How the market spreads out
Each bar shows the range from lowest to highest. The shaded band is where the middle half of deposits sit, and the line is the typical figure.
The shaded band covers the middle half of deposits, and the line marks the typical figure. A wide band means deposits vary a lot; a narrow one means they're much the same.
Rates by term
Each column counts the deposits that offer that term on $10,000.
| Metric | 3 months | 6 months | 12 months | 2 years | 5 years |
|---|---|---|---|---|---|
| Deposits | 139 | 145 | 157 | 133 | 50 |
| Typical rate | 4.30% | 5.10% | 5.25% | 4.35% | 4.00% |
| Typical minimum deposit | $1,000 | $1,000 | $2,000 | $1,000 | $5,000 |
| Pays interest monthly | 25% | 31% | 44% | 47% | 62% |
Big four banks and other banks
Deposits offering 12 months on $10,000 from ANZ, CommBank, NAB and Westpac next to every other bank. The big banks' other brands, such as St.George, count as other banks.
| Metric | All | Big four | Other banks |
|---|---|---|---|
| Deposits | 157 | 5 | 152 |
| Typical rate | 5.25% | 5.30% | 5.25% |
| Typical minimum deposit | $2,000 | $5,000 | $1,500 |
| Pays interest monthly | 44% | 80% | 43% |
How 12-month rates are spread
How many deposits pay a 12-month rate on $10,000 in each band.
- Under 2%2 deposits
- 2% to 2.5%4 deposits
- 2.5% to 3%0 deposits
- 3% to 3.5%6 deposits
- 3.5% to 4%10 deposits
- 4% to 4.5%11 deposits
- 4.5% to 5%20 deposits
- 5% to 5.5%90 deposits
- 5.5% to 6%14 deposits