People First Bank
Credit unionPeople First Bank offers term deposits from 3-month to 5-year. Its highest current rate is 5.20% p.a. for a 1-year term, with interest paid annually and a $5k minimum deposit. Compare People First Bank's current rates with the highest term deposit rates in Australia to see whether it is competitive right now.
Best available rate
1-year term · Annually · Min. $5k
This is one of People First Bank's strongest current rates, but higher rates may be available across other lenders or terms.
Current Rates
Compare People First Bank against all current term deposit rates or browse by term: 3-month, 6-month, 1-year, 2-year, 3-year, 5-year.
| Term | Rate p.a. | Interest paid | Min deposit | Since | |
|---|---|---|---|---|---|
| 3mo | 4.00% | At maturity | $5k | 15 May 2026 | |
| See all 3-month rates → | |||||
| 6mo | At maturity | $5k | 15 May 2026 | ||
| See all 6-month rates → | |||||
| 1yr | Annually | $5k | 4 Jul 2026 | ||
| 5.08% | Monthly | $5k | 4 Jul 2026 | ||
| See all 1-year rates → | |||||
| 2yr | Annually | No minimum | 8 Apr 2026 | ||
| 4.65% | Monthly | No minimum | 8 Apr 2026 | ||
| See all 2-year rates → | |||||
| 3yr | Annually | No minimum | 8 Apr 2026 | ||
| 4.65% | Monthly | No minimum | 8 Apr 2026 | ||
| See all 3-year rates → | |||||
| 5yr | Annually | $5k | 9 Jun 2026 | ||
| 4.65% | Monthly | $5k | 9 Jun 2026 | ||
| See all 5-year rates → | |||||
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People First Bank term deposit FAQs
What is People First Bank's best term deposit rate? ▾
People First Bank's best current term deposit rate is 5.20% p.a. for a 1-year term, with interest paid annually. Compare this with all Australian banks →
What is People First Bank's best 12-month term deposit rate? ▾
People First Bank's best current 12-month term deposit rate is 5.20% p.a., with interest paid annually. Compare 12-month rates across all banks →
What is the minimum deposit for a People First Bank term deposit? ▾
The lowest minimum deposit currently available for a People First Bank term deposit is $5,000. Minimum deposits can vary by term length — check the rates table above for details.
Are People First Bank's term deposit rates competitive right now? ▾
People First Bank's best current rate is 5.20% p.a. for a 1-year term. Compare this against the current leaders to see where it sits in the market: See the best term deposit rates in Australia →