Last updated: October 2026
Term Deposit Rates Over 5% in Australia
Every Australian term deposit currently paying over 5% p.a., across all terms and banks. Updated daily from bank data.
- ✓ Only rates above 5.00% p.a. shown
- ✓ All terms included — 3 months to 5 years
- ✓ Sorted by rate — best first
Best rate over 5% by term
All Term Deposits Over 5%
The table below shows every current term deposit paying over 5% p.a., sorted from highest to lowest. Where a lender offers multiple terms above 5%, all are shown.
Rates change — we'll alert you when banks add or remove products above 5%.
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How to find the best rate over 5%
Rates above 5% are not always available at every term. The table above shows every current product meeting that threshold — check the term column carefully, as a 5%+ rate at 3 months is very different from the same rate locked away for 2 years.
Challenger banks and credit unions often offer the highest rates, while the Big 4 tend to pay less. If you're comfortable with a lesser-known bank (all are APRA-regulated and covered by the government deposit guarantee up to $250,000), the rate difference can be meaningful.