Last updated: October 2026
Best 3-Year Term Deposit Rates Australia (Updated Daily)
Compare the highest 3-year term deposit rates. The longest common term — best when you're confident rates will fall and want to lock in now.
- ✓ Focused on 3-year term deposits only
- ✓ Sorted by ongoing rates (not intro offers)
- ✓ Maximum rate certainty over the long term
- ✓ 66 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
All 3-Year Term Deposit Rates
Fewer banks offer 3-year terms than shorter ones — compare what's available carefully. Pay attention to the payment frequency: monthly interest suits retirees who want income, while at-maturity often delivers a marginally higher effective rate.
We rank products by ongoing rates — not temporary introductory offers — so the results reflect what you'll actually earn.
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Before you lock in for three years, make sure you're getting the best rate available.
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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.