Last updated: October 2026
Best 1-Year Term Deposit Rates Australia (Updated Daily)
Compare the highest ongoing 12-month term deposit rates. Sorted by real returns, not temporary intro offers.
- ✓ Focused on 1-year term deposits only
- ✓ Sorted by ongoing rates (not intro offers)
- ✓ Ideal for predictable, fixed returns
- ✓ 71 banks compared
Who 1-year term deposits are best for
- → You want predictable returns for the next year
- → You don't want to lock in for multiple years
- → You think rates may fall or stay stable
Quick picks — 1-year rates
- Highest 1-year rate Heartland Bank — p.a.
- Monthly income option Great Southern Bank — p.a.
- Popular mainstream option ANZ — p.a.
All 1-Year Term Deposit Rates
Right now, many of the top rates are concentrated in 12-month terms, making them a strong middle ground between flexibility and return.
We rank products by ongoing rates — not temporary introductory offers — so the results reflect what you'll actually earn.
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Why choose a 1-year term?
A 12-month term deposit is the most popular term length in Australia. It balances a competitive rate with a manageable commitment — you're not locked in for years, but you get a better rate than shorter terms.
Most banks offer their most competitive rates at 12 months, making it the benchmark most savers compare everything else against.