Last updated: July 2026
Best 3-Month Term Deposit Rates Australia (Updated Daily)
All current 3-month term deposit rates from Australian banks, ranked by ongoing rate.
- ✓ Focused on 3-month term deposits only
- ✓ Sorted by ongoing rates (not intro offers)
- ✓ 41 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 MyState Bank — p.a.
- Popular mainstream option NAB — 3.35% p.a.
All 3-Month 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 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 —
- MyState Bank —
- Macquarie Bank —
- RACQ Bank —
- MOVE Bank —