Last updated: July 2026

Best 3-Year Term Deposit Rates Australia (Updated Daily)

All current 3-year term deposit rates from Australian banks, ranked by ongoing rate.

  • Focused on 3-year term deposits only
  • Sorted by ongoing rates (not intro offers)
  • 65 banks compared

Who 3-year term deposits are best for

  • You want maximum rate certainty over 3 years
  • You're comfortable not accessing funds long-term
  • You expect rates to fall significantly

Quick picks — 3-year rates

All 3-Year Term Deposit Rates

We rank products by ongoing rates — not temporary introductory offers — so the results reflect what you'll actually earn.

Bank / Provider Rate p.a.
Judo Bank Challenger 5.40% Best
Judo Bank Challenger 5.30%
Heartland Bank Challenger 5.25%
Great Southern Bank Credit union 5.25% 55+ only
Great Southern Bank Credit union 5.15%
Bank Australia Credit union 5.10%
Suncorp Bank Challenger 5.00%
Heartland Bank Challenger 5.00%
Bankwest Challenger 5.00%
Bankwest Challenger 4.94%
Bankwest Challenger 4.91%
Bankwest Challenger 4.89%
Rabobank Challenger 4.85%
Rabobank Challenger 4.80%
Rabobank Challenger 4.75%

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Why choose a 3-year term?

A 3-year term deposit is a long commitment, but can offer strong rates for savers who are genuinely confident they won't need their funds for several years.

Compare 3-year rates carefully against 12-month rates. Sometimes the premium for the longer term is significant; other times it's minimal. The real question is how long you're willing to wait.

Top lenders offering 3-year term deposits

Compare all term lengths Best term deposit rates →
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