Home News Term deposit rates breach 4% barrier

Term deposit rates breach 4% barrier ahead of RBA decision

Judo Bank increased its five-year term deposit rate by 30 basis points to 4.05% p.a.

First published on 03 May 2022

Term deposit rates breach 4% barrier ahead of RBA decision

This rate applies to interest payments made at the end of the term.

This comes after the bank made a 60 basis point increase to the same product on Thursday - it's now more than double the rate it was just six weeks ago.

Judo increased other term deposit products' rates by between 20 and 60 basis points.

Term deposit rates have been on the up recently, with AMP, Macquarie, People's Choice, and Beyond Bank all increasing term deposit rates by between 10 and 145 basis points in the past week.

While savings account rates have remained largely inert, last week Virgin Money announced an interest rate premium if savers want to lock their savings account rate.

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Want to earn a fixed interest rate on your cash? The table below features term deposits with some of the highest interest rates on the market for a five-year term.

Deposit amount

Compare

Provider	Interest rate	Interest frequency	Term	Automatic Rollover	Maturity Alert	Early Withdrawal Available	Minimum Deposit	Joint Application	Online Application	as ofDecember 31, 2024

	4.45^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	$product[$field["value"]]	$product[$field["value"]]	More details
	Personal Term Deposits - 60 months
Personal Term Deposits - 60 months More details
	4.45^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	25000	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit - 60 months
Term Deposit - 60 months More details
	4.40^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	$product[$field["value"]]	$product[$field["value"]]	More details
	Online Savings Term Deposit (online) - 60 months
Online Savings Term Deposit (online) - 60 months More details
	4.00^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	5000	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit - 60 months
Term Deposit - 60 months More details
	4.00^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	500	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit - 60 months
Term Deposit - 60 months More details
	4.00^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	5000	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit - 60 months
Term Deposit - 60 months More details
	4.00^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit - 60 months
Term Deposit - 60 months More details
	4.00^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	5000	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit - 60 months
Term Deposit - 60 months More details
	4.00^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	5000	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($5000-$49999) - 60 months
Term Deposit ($5000-$49999) - 60 months More details
	4.00^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	$product[$field["value"]]	$product[$field["value"]]	More details
	Fixed Term Deposit - 60 months
Fixed Term Deposit - 60 months More details
	3.90^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit - 60 months
Term Deposit - 60 months More details
	3.90^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit - 60 months
Term Deposit - 60 months More details
	3.90^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	5000	$product[$field["value"]]	$product[$field["value"]]	More details
	Personal Term Investment - 60 months
Personal Term Investment - 60 months More details
	3.85^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	5000	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposits - 60 months
Term Deposits - 60 months More details
	3.85^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	5000	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposits - 60 months
Term Deposits - 60 months More details
	3.80^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	250000	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($250k+) - 60 months
Term Deposit ($250k+) - 60 months More details
	3.80^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	$product[$field["value"]]	$product[$field["value"]]	More details
	Bankwest Term Deposit - 60 months
Bankwest Term Deposit - 60 months More details
	3.80^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	5000	$product[$field["value"]]	$product[$field["value"]]	More details
	Macquarie Bank Term Deposit (<$1,000,000) - 60 months
Macquarie Bank Term Deposit (<$1,000,000) - 60 months More details
	3.80^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	50000	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($50,000 - $199,999) - 60 months
Term Deposit ($50,000 - $199,999) - 60 months More details
	3.80^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposits - 60 months
Term Deposits - 60 months More details
	3.80^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	5000	$product[$field["value"]]	$product[$field["value"]]	More details
	Gold Term Deposit - 60 months
Gold Term Deposit - 60 months More details
	3.75^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	10000	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($10k+) - 60 months
Term Deposit ($10k+) - 60 months More details
	3.70^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	5000	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit (Platinum Plus 55+) - 60 months
Term Deposit (Platinum Plus 55+) - 60 months More details
	3.70^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	5000	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposits - 60 months
Term Deposits - 60 months More details
	3.60^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	5000	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit - 60 months
Term Deposit - 60 months More details
	3.60^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit - 60 months
Term Deposit - 60 months More details
	3.60^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	5000	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit - 60 months
Term Deposit - 60 months More details
	3.60^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit - 60 months
Term Deposit - 60 months More details
	3.60^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	100000	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit ($100k-$249k) - 60 months
Term Deposit ($100k-$249k) - 60 months More details
	3.60^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	1000	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit - 60 months
Term Deposit - 60 months More details
	3.50^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	100000100	$product[$field["value"]]	$product[$field["value"]]	More details
	Macquarie Bank Term Deposit (>$1,000,000) - 60 months
Macquarie Bank Term Deposit (>$1,000,000) - 60 months More details
	3.50^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	0	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit (<$10k) - 60 months
Term Deposit (<$10k) - 60 months More details
	3.50^%_p.a.	Annually	60_months	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	50000	$product[$field["value"]]	$product[$field["value"]]	More details
	Term Deposit (>$50,000) - 60 months
Term Deposit (>$50,000) - 60 months More details

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Harrison Astbury

Harrison is Savings.com.au's Assistant Editor, and also Editor & Research Analyst of sister comparison site InfoChoice.com.au. Prior to joining Savings Media Group in January 2020, he worked for some of Australia's largest comparison sites and media organisations, and has key interests in housing policy, real estate, and niche topics such as the gold standard.

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Term deposit rates breach 4% barrier ahead of RBA decision

Personal Term Deposits - 60 months

Personal Term Deposits - 60 months

Term Deposit - 60 months

Term Deposit - 60 months

Online Savings Term Deposit (online) - 60 months

Online Savings Term Deposit (online) - 60 months

Term Deposit - 60 months

Term Deposit - 60 months

Term Deposit - 60 months

Term Deposit - 60 months

Term Deposit - 60 months

Term Deposit - 60 months

Term Deposit - 60 months

Term Deposit - 60 months

Term Deposit - 60 months

Term Deposit - 60 months

Term Deposit ($5000-$49999) - 60 months

Term Deposit ($5000-$49999) - 60 months

Fixed Term Deposit - 60 months

Fixed Term Deposit - 60 months

Term Deposit - 60 months

Term Deposit - 60 months

Term Deposit - 60 months

Term Deposit - 60 months

Personal Term Investment - 60 months

Personal Term Investment - 60 months

Term Deposits - 60 months

Term Deposits - 60 months

Term Deposits - 60 months

Term Deposits - 60 months

Term Deposit ($250k+) - 60 months

Term Deposit ($250k+) - 60 months

Bankwest Term Deposit - 60 months

Bankwest Term Deposit - 60 months

Macquarie Bank Term Deposit (<$1,000,000) - 60 months

Macquarie Bank Term Deposit (<$1,000,000) - 60 months

Term Deposit ($50,000 - $199,999) - 60 months

Term Deposit ($50,000 - $199,999) - 60 months

Term Deposits - 60 months

Term Deposits - 60 months

Gold Term Deposit - 60 months

Gold Term Deposit - 60 months

Term Deposit ($10k+) - 60 months

Term Deposit ($10k+) - 60 months

Term Deposit (Platinum Plus 55+) - 60 months

Term Deposit (Platinum Plus 55+) - 60 months

Term Deposits - 60 months

Term Deposits - 60 months

Term Deposit - 60 months

Term Deposit - 60 months

Term Deposit - 60 months

Term Deposit - 60 months

Term Deposit - 60 months

Term Deposit - 60 months

Term Deposit - 60 months

Term Deposit - 60 months

Term Deposit ($100k-$249k) - 60 months

Term Deposit ($100k-$249k) - 60 months

Term Deposit - 60 months

Term Deposit - 60 months

Macquarie Bank Term Deposit (>$1,000,000) - 60 months

Macquarie Bank Term Deposit (>$1,000,000) - 60 months

Term Deposit (<$10k) - 60 months

Term Deposit (<$10k) - 60 months

Term Deposit (>$50,000) - 60 months

Term Deposit (>$50,000) - 60 months

Harrison Astbury

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Comparison Rate Warning and Base Criteria