Last updated: August 2026
Best 3-Month Term Deposit Rates Australia (Updated Daily)
Compare the highest ongoing 3-month term deposit rates. Ideal if you want to park cash briefly or stay flexible while rates move.
- ✓ Focused on 3-month term deposits only
- ✓ Sorted by ongoing rates (not intro offers)
- ✓ Maximum flexibility — reinvest every quarter
- ✓ 42 banks compared
Who 3-month term deposits are best for
- → You want maximum flexibility to reinvest soon
- → You expect rates to move in the next few months
- → You're parking cash very short-term
Quick picks — 3-month rates
- Highest 3-month rate ING — p.a.
- Lowest minimum deposit Bank Australia — p.a.
- Popular mainstream option NAB — 3.35% p.a.
All 3-Month Term Deposit Rates
3-month rates are typically lower than longer terms — you pay a small premium for the flexibility of reinvesting every quarter. If rates are falling, locking in even briefly can still beat a savings account.
We rank products by ongoing rates — not temporary introductory offers — so the results reflect what you'll actually earn.
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3-month rates move fast — we'll alert you when banks change them.
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Why choose a 3-month term?
A 3-month term deposit is the shortest standard offering from most Australian banks. Rates are typically lower than longer terms — but you regain full flexibility in just a few months.
This makes 3-month terms ideal when you're uncertain about rates, when you think rates may rise, or when you simply want to hold cash safely without committing long-term.
Top lenders offering 3-month term deposits
- ING —
- Bank Australia —
- MOVE Bank —
- IMB Bank —
- RACQ Bank —