Last updated: October 2026
Term Deposits with Monthly Interest Payments
Every Australian term deposit that pays interest monthly — sorted by rate. Useful for retirees or anyone who needs regular income from their savings.
- ✓ Only monthly-paying term deposits shown
- ✓ All terms included — 3 months to 5 years
- ✓ Sorted by rate — best first
Who monthly-paying term deposits suit
- → Retirees who want regular income from their savings
- → Anyone managing a budget from a fixed sum
- → Savers who prefer to receive and reinvest interest rather than wait for maturity
Best monthly rate by term
All Monthly-Paying Term Deposits
Note: monthly-paying rates are sometimes slightly lower than at-maturity rates from the same bank. The table below is sorted by rate — check the term column to make sure the commitment period suits you.
Monthly income options change — we'll let you know when rates move.
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Monthly vs at-maturity interest — what to know
Most Australian term deposits pay interest at maturity — meaning you get your interest in one lump sum when the deposit ends. Monthly-paying products are less common but preferred by retirees and income-focused investors who need regular cash flow.
The rate on a monthly-paying product is occasionally slightly lower than the equivalent at-maturity rate from the same bank, reflecting the earlier payment of interest. However, the difference is usually small and the convenience of monthly income often outweighs it.