Last updated: 18 July 2026
Term Deposit Rate Changes — July 2026
Every Australian term deposit rate change tracked since 3 June 2026. Sorted by date — most recent first. Updated daily.
Rate rises
29
Rate cuts
111
Total moves
180
All rate changes
| Lender | Old rate | New rate | Change |
|---|---|---|---|
|
Heartland Bank
60 month
|
5.45% | 5.35% | ↓ 10 bp |
|
Heartland Bank
36 month
|
5.00% | 4.90% | ↓ 10 bp |
|
Heartland Bank
36 month
|
5.25% | 5.15% | ↓ 10 bp |
|
Heartland Bank
24 month
|
5.25% | 5.15% | ↓ 10 bp |
|
Heartland Bank
24 month
|
5.05% | 4.95% | ↓ 10 bp |
|
Heartland Bank
12 month
|
5.40% | 5.30% | ↓ 10 bp |
|
Heartland Bank
60 month
|
5.00% | 4.90% | ↓ 10 bp |
|
Heartland Bank
12 month
|
5.55% | 5.45% | ↓ 10 bp |
|
Heartland Bank
6 month
|
5.40% | 5.35% | ↓ 5 bp |
|
ANZ
24 month
|
5.15% | 4.91% | ↓ 24 bp |
|
ANZ
24 month
|
5.25% | 5.00% | ↓ 25 bp |
|
ANZ
6 month
|
5.00% | 5.10% | ↑ 10 bp |
|
ANZ
6 month
|
4.97% | 5.07% | ↑ 10 bp |
|
ANZ
6 month
|
4.95% | 5.05% | ↑ 10 bp |
|
ANZ
24 month
|
5.13% | 4.89% | ↓ 24 bp |
|
ANZ
24 month
|
5.18% | 4.94% | ↓ 24 bp |
|
Commonwealth Bank
36 month
|
4.60% | 4.60% | ↓ 0 bp |
|
Commonwealth Bank
24 month
|
4.90% | 4.90% | ↓ 0 bp |
|
Commonwealth Bank
24 month
|
4.95% | 4.95% | ↓ 0 bp |
|
Commonwealth Bank
24 month
|
5.00% | 5.00% | ↓ 0 bp |
|
Commonwealth Bank
18 month
|
4.45% | 4.45% | ↓ 0 bp |
|
Commonwealth Bank
18 month
|
4.50% | 4.50% | ↓ 0 bp |
|
Commonwealth Bank
18 month
|
4.55% | 4.55% | ↓ 0 bp |
|
NAB
18 month
|
5.10% | 5.10% | ↓ 0 bp |
|
Bank Australia
18 month
|
3.55% | 3.55% | ↓ 0 bp |
|
Commonwealth Bank
36 month
|
4.55% | 4.55% | ↓ 0 bp |
|
BOQ
36 month
|
1.90% | 1.90% | ↓ 0 bp |
|
BOQ
36 month
|
2.00% | 2.00% | ↓ 0 bp |
|
BOQ
24 month
|
1.90% | 1.90% | ↓ 0 bp |
|
BOQ
24 month
|
2.00% | 2.00% | ↓ 0 bp |
|
Bankwest
18 month
|
5.08% | 5.08% | ↓ 0 bp |
|
Bankwest
18 month
|
5.13% | 5.13% | ↓ 0 bp |
|
Bankwest
18 month
|
5.10% | 5.10% | ↓ 0 bp |
|
Bankwest
18 month
|
5.20% | 5.20% | ↓ 0 bp |
|
NAB
18 month
|
5.15% | 5.15% | ↓ 0 bp |
|
NAB
18 month
|
5.10% | 5.10% | ↓ 0 bp |
|
NAB
18 month
|
5.20% | 5.20% | ↓ 0 bp |
|
Commonwealth Bank
36 month
|
4.50% | 4.50% | ↓ 0 bp |
|
MOVE Bank
18 month
|
5.45% | 5.45% | ↓ 0 bp |
|
MOVE Bank
3 month
|
5.00% | 5.05% | ↑ 5 bp |
|
Commonwealth Bank
6 month
|
3.50% | 4.50% | ↑ 100 bp |
|
Commonwealth Bank
6 month
|
3.45% | 4.45% | ↑ 100 bp |
|
Bank Australia
12 month
|
5.40% | 5.30% | ↓ 10 bp |
|
Bank Australia
36 month
|
5.10% | 5.00% | ↓ 10 bp |
|
Commonwealth Bank
6 month
|
3.50% | 4.50% | ↑ 100 bp |
|
Bank Australia
24 month
|
5.20% | 5.10% | ↓ 10 bp |
|
Macquarie Bank
12 month
|
5.13% | 5.08% | ↓ 5 bp |
|
Rabobank
3 month
|
4.90% | 4.85% | ↓ 5 bp |
|
Rabobank
6 month
|
5.15% | 5.00% | ↓ 15 bp |
|
Rabobank
6 month
|
5.05% | 4.95% | ↓ 10 bp |
|
Macquarie Bank
12 month
|
5.15% | 5.10% | ↓ 5 bp |
|
Macquarie Bank
12 month
|
5.25% | 5.20% | ↓ 5 bp |
|
Rabobank
18 month
|
3.55% | 3.50% | ↓ 5 bp |
|
Rabobank
60 month
|
5.55% | 5.10% | ↓ 45 bp |
|
Rabobank
36 month
|
5.15% | 4.80% | ↓ 35 bp |
|
Rabobank
18 month
|
3.65% | 3.60% | ↓ 5 bp |
|
Rabobank
18 month
|
3.60% | 3.55% | ↓ 5 bp |
|
Rabobank
12 month
|
5.20% | 4.95% | ↓ 25 bp |
|
Great Southern Bank
18 month
|
3.30% | 2.40% | ↓ 90 bp |
|
Defence Bank
6 month
|
4.50% | 4.75% | ↑ 25 bp |
|
Defence Bank
3 month
|
4.10% | 4.35% | ↑ 25 bp |
|
Defence Bank
24 month
|
5.55% | 5.25% | ↓ 30 bp |
|
Defence Bank
12 month
|
4.95% | 5.20% | ↑ 25 bp |
|
Rabobank
60 month
|
5.45% | 5.00% | ↓ 45 bp |
|
Rabobank
60 month
|
5.50% | 5.05% | ↓ 45 bp |
|
Rabobank
60 month
|
5.60% | 5.15% | ↓ 45 bp |
|
Rabobank
36 month
|
5.05% | 4.70% | ↓ 35 bp |
|
Rabobank
36 month
|
5.10% | 4.75% | ↓ 35 bp |
|
Rabobank
36 month
|
5.20% | 4.85% | ↓ 35 bp |
|
Rabobank
24 month
|
4.95% | 4.65% | ↓ 30 bp |
|
Rabobank
24 month
|
5.05% | 4.75% | ↓ 30 bp |
|
Rabobank
24 month
|
5.00% | 4.70% | ↓ 30 bp |
|
Rabobank
24 month
|
5.10% | 4.80% | ↓ 30 bp |
|
Rabobank
12 month
|
5.10% | 4.85% | ↓ 25 bp |
|
Rabobank
12 month
|
5.15% | 4.90% | ↓ 25 bp |
|
Rabobank
12 month
|
5.25% | 5.00% | ↓ 25 bp |
|
Great Southern Bank
18 month
|
3.20% | 2.30% | ↓ 90 bp |
|
BOQ
12 month
|
5.10% | 5.25% | ↑ 15 bp |
|
BOQ
6 month
|
4.85% | 5.05% | ↑ 20 bp |
|
BOQ
3 month
|
4.55% | 4.75% | ↑ 20 bp |
|
Macquarie Bank
12 month
|
5.18% | 5.13% | ↓ 5 bp |
|
Bank of Melbourne
18 month
|
4.70% | 4.70% | ↓ 0 bp |
|
Bank of Melbourne
18 month
|
4.70% | 4.70% | ↓ 0 bp |
|
P&N Bank
12 month
|
4.20% | 4.20% | ↓ 0 bp |
|
Great Southern Bank
6 month
|
5.20% | 5.20% | ↓ 0 bp |
|
Great Southern Bank
3 month
|
4.40% | 4.40% | ↓ 0 bp |
|
People First Bank
12 month
|
5.35% | 5.20% | ↓ 15 bp |
|
BankSA
18 month
|
4.70% | 4.70% | ↓ 0 bp |
|
BankSA
18 month
|
4.70% | 4.70% | ↓ 0 bp |
|
P&N Bank
36 month
|
3.35% | 3.35% | ↓ 0 bp |
|
St George Bank
18 month
|
4.70% | 4.70% | ↓ 0 bp |
|
P&N Bank
18 month
|
4.20% | 4.20% | ↓ 0 bp |
|
People First Bank
12 month
|
5.22% | 5.08% | ↓ 14 bp |
|
P&N Bank
36 month
|
3.35% | 3.35% | ↓ 0 bp |
|
St George Bank
18 month
|
4.70% | 4.70% | ↓ 0 bp |
|
P&N Bank
18 month
|
4.20% | 4.20% | ↓ 0 bp |
|
BankSA
36 month
|
4.55% | 3.95% | ↓ 60 bp |
|
Westpac
12 month
|
5.00% | 4.75% | ↓ 25 bp |
|
Westpac
18 month
|
5.00% | 4.75% | ↓ 25 bp |
|
Westpac
24 month
|
5.00% | 4.50% | ↓ 50 bp |
|
Westpac
36 month
|
4.60% | 4.00% | ↓ 60 bp |
|
Westpac
18 month
|
4.95% | 4.70% | ↓ 25 bp |
|
Westpac
18 month
|
4.95% | 4.70% | ↓ 25 bp |
|
BankSA
12 month
|
5.00% | 4.75% | ↓ 25 bp |
|
Bank of Melbourne
12 month
|
5.00% | 4.75% | ↓ 25 bp |
|
Bank of Melbourne
12 month
|
4.95% | 4.70% | ↓ 25 bp |
|
Bank of Melbourne
12 month
|
4.95% | 4.70% | ↓ 25 bp |
|
Bank of Melbourne
24 month
|
5.00% | 4.50% | ↓ 50 bp |
|
Bank of Melbourne
24 month
|
4.95% | 4.45% | ↓ 50 bp |
|
Bank of Melbourne
24 month
|
4.95% | 4.45% | ↓ 50 bp |
|
Bank of Melbourne
36 month
|
4.60% | 4.00% | ↓ 60 bp |
|
Bank of Melbourne
36 month
|
4.55% | 3.95% | ↓ 60 bp |
|
Bank of Melbourne
36 month
|
4.55% | 3.95% | ↓ 60 bp |
|
BankSA
12 month
|
4.95% | 4.70% | ↓ 25 bp |
|
BankSA
12 month
|
4.95% | 4.70% | ↓ 25 bp |
|
BankSA
24 month
|
5.00% | 4.50% | ↓ 50 bp |
|
BankSA
24 month
|
4.95% | 4.45% | ↓ 50 bp |
|
BankSA
24 month
|
4.95% | 4.45% | ↓ 50 bp |
|
BankSA
36 month
|
4.60% | 4.00% | ↓ 60 bp |
|
BankSA
36 month
|
4.55% | 3.95% | ↓ 60 bp |
|
St George Bank
12 month
|
5.00% | 4.75% | ↓ 25 bp |
|
St George Bank
12 month
|
4.95% | 4.70% | ↓ 25 bp |
|
St George Bank
12 month
|
4.95% | 4.70% | ↓ 25 bp |
|
St George Bank
24 month
|
5.00% | 4.50% | ↓ 50 bp |
|
St George Bank
24 month
|
4.95% | 4.45% | ↓ 50 bp |
|
St George Bank
24 month
|
4.95% | 4.45% | ↓ 50 bp |
|
St George Bank
36 month
|
4.60% | 4.00% | ↓ 60 bp |
|
St George Bank
36 month
|
4.55% | 3.95% | ↓ 60 bp |
|
Westpac
12 month
|
4.95% | 4.70% | ↓ 25 bp |
|
Westpac
12 month
|
4.95% | 4.70% | ↓ 25 bp |
|
Westpac
24 month
|
4.95% | 4.45% | ↓ 50 bp |
|
St George Bank
36 month
|
4.55% | 3.95% | ↓ 60 bp |
|
Westpac
24 month
|
4.95% | 4.45% | ↓ 50 bp |
|
Westpac
36 month
|
4.55% | 3.95% | ↓ 60 bp |
|
Westpac
36 month
|
4.55% | 3.95% | ↓ 60 bp |
|
AMP Bank
12 month
|
5.15% | 5.40% | ↑ 25 bp |
|
AMP Bank
18 month
|
5.25% | 3.60% | ↓ 165 bp |
|
AMP Bank
24 month
|
5.30% | 3.80% | ↓ 150 bp |
|
AMP Bank
36 month
|
3.75% | 3.00% | ↓ 75 bp |
|
AMP Bank
60 month
|
3.65% | 3.00% | ↓ 65 bp |
|
RACQ Bank
6 month
|
4.40% | 5.30% | ↑ 90 bp |
|
Great Southern Bank
60 month
|
5.50% | 5.25% | ↓ 25 bp |
|
Great Southern Bank
60 month
|
5.60% | 5.35% | ↓ 25 bp |
|
Great Southern Bank
12 month
|
5.45% | 5.25% | ↓ 20 bp |
|
Great Southern Bank
12 month
|
5.55% | 5.35% | ↓ 20 bp |
|
RACQ Bank
3 month
|
4.90% | 5.00% | ↑ 10 bp |
|
RACQ Bank
12 month
|
5.45% | 5.35% | ↓ 10 bp |
|
Suncorp Bank
6 month
|
5.15% | 5.00% | ↓ 15 bp |
|
Macquarie Bank
6 month
|
5.12% | 5.07% | ↓ 5 bp |
|
Macquarie Bank
6 month
|
5.15% | 5.10% | ↓ 5 bp |
|
Macquarie Bank
6 month
|
5.10% | 5.05% | ↓ 5 bp |
|
Macquarie Bank
3 month
|
4.93% | 4.98% | ↑ 5 bp |
|
Macquarie Bank
3 month
|
4.95% | 5.00% | ↑ 5 bp |
|
ANZ
18 month
|
5.18% | 5.18% | ↓ 0 bp |
|
ANZ
18 month
|
5.30% | 5.30% | ↓ 0 bp |
|
ANZ
18 month
|
5.20% | 5.20% | ↓ 0 bp |
|
ANZ
18 month
|
5.23% | 5.23% | ↓ 0 bp |
|
ING
3 month
|
4.90% | 5.05% | ↑ 15 bp |
|
ING
6 month
|
5.15% | 5.20% | ↑ 5 bp |
|
ME Bank
12 month
|
5.15% | 5.35% | ↑ 20 bp |
|
IMB Bank
6 month
|
5.00% | 5.10% | ↑ 10 bp |
|
ME Bank
3 month
|
4.60% | 4.80% | ↑ 20 bp |
|
ME Bank
6 month
|
4.90% | 5.15% | ↑ 25 bp |
|
Macquarie Bank
36 month
|
3.59% | 1.98% | ↓ 161 bp |
|
Macquarie Bank
36 month
|
3.62% | 1.99% | ↓ 163 bp |
|
Macquarie Bank
36 month
|
3.60% | 1.99% | ↓ 161 bp |
|
Macquarie Bank
24 month
|
3.54% | 1.98% | ↓ 156 bp |
|
Macquarie Bank
24 month
|
3.57% | 1.99% | ↓ 158 bp |
|
Macquarie Bank
24 month
|
3.55% | 1.99% | ↓ 156 bp |
|
Macquarie Bank
60 month
|
3.74% | 1.98% | ↓ 176 bp |
|
Macquarie Bank
60 month
|
3.75% | 1.99% | ↓ 176 bp |
|
Macquarie Bank
60 month
|
3.80% | 2.00% | ↓ 180 bp |
|
Macquarie Bank
36 month
|
3.65% | 2.00% | ↓ 165 bp |
|
Macquarie Bank
24 month
|
3.60% | 2.00% | ↓ 160 bp |
|
Macquarie Bank
60 month
|
3.76% | 1.99% | ↓ 177 bp |
|
Heartland Bank
3 month
|
4.90% | 4.95% | ↑ 5 bp |
|
Judo Bank
3 month
|
4.50% | 4.95% | ↑ 45 bp |
|
Judo Bank
3 month
|
4.40% | 4.85% | ↑ 45 bp |
|
MyState Bank
6 month
|
5.25% | 5.30% | ↑ 5 bp |
|
MyState Bank
3 month
|
4.85% | 5.05% | ↑ 20 bp |
bp = basis points (0.01%). Data tracks real rate changes — manual ops corrections are excluded. View all lenders →
What drives term deposit rate changes?
Australian term deposit rates move for two main reasons: RBA cash rate decisions, and competition between lenders for deposits. When the RBA moves the cash rate, most banks follow within days to weeks — though the timing and magnitude varies. Challenger banks and neo banks often move faster and by more than the Big 4.
Competition is the other driver. When one lender raises rates to attract deposits, rivals often respond. This can create short windows where rates spike at a single lender before the market catches up — or where a lender quietly cuts while others hold, hoping savers don't notice.
What to do if your lender cut rates
- → Check when your term matures. If your deposit is locked in, a rate cut doesn't affect your current term — but it will affect the rate you're offered at rollover. Mark the maturity date and compare rates a week before.
- → Compare the full market before rolling over. Banks count on inertia at maturity. The rate offered by your current lender is rarely the best available. Compare current rates →
- → Set a rate alert. Get notified when rates change at a specific lender or across any term. Free, no spam.
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