Last updated: July 2026
Best 1-Year Term Deposit Rates Australia (Updated Daily)
All current 1-year term deposit rates from Australian banks, ranked by ongoing rate.
- ✓ Focused on 1-year term deposits only
- ✓ Sorted by ongoing rates (not intro offers)
- ✓ 70 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 Heartland Bank — p.a.
- Popular mainstream option ANZ — p.a.
All 1-Year Term Deposit Rates
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.