Last updated: July 2026
Best 2-Year Term Deposit Rates Australia (Updated Daily)
All current 2-year term deposit rates from Australian banks, ranked by ongoing rate.
- ✓ Focused on 2-year term deposits only
- ✓ Sorted by ongoing rates (not intro offers)
- ✓ 69 banks compared
Who 2-year term deposits are best for
- → You're confident current rates are near their peak
- → You want to lock in returns for 2 years
- → You don't need access to funds until maturity
Quick picks — 2-year rates
- Highest 2-year rate MOVE Bank — p.a.
- Monthly income option Judo Bank — p.a.
- Popular mainstream option Commonwealth Bank — p.a.
All 2-Year Term Deposit Rates
We rank products by ongoing rates — not temporary introductory offers — so the results reflect what you'll actually earn.
Something look wrong? Report an incorrect rate →
Stay ahead of rate moves — we'll email you when 2-year rates change.
Get alerts when 2-year rates change
We'll email you whenever any Australian bank changes their 2-year term deposit rate. Free.
No spam. Unsubscribe in one click.
Why choose a 2-year term?
A 2-year term deposit rewards patience. Banks typically offer higher rates for a 2-year commitment than for 12 or 18 months, as compensation for the longer lockup.
This term makes most sense when rates are high and you believe they'll fall — locking in a high rate for 2 years means you still earn well even after the Reserve Bank cuts.
Top lenders offering 2-year term deposits
- MOVE Bank —
- Judo Bank —
- Judo Bank —
- Heartland Bank —
- Suncorp Bank —