Last updated: August 2026
Best 5-Year Term Deposit Rates Australia (Updated Daily)
All current 5-year term deposit rates from Australian banks, ranked by ongoing rate.
- ✓ Focused on 5-year term deposits only
- ✓ Sorted by ongoing rates (not intro offers)
- ✓ 59 banks compared
Who 5-year term deposits are best for
- → You want the longest available rate lock-in
- → You're very confident rates will fall
- → You won't need the money for 5 years
All 5-Year 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 5-year term?
A 5-year term deposit is the longest standard offering from most Australian banks. Rates can be strong, particularly when set against expectations of future rate cuts.
Before committing, consider whether you'll truly have no need for these funds for 5 years. Breaking a term deposit early usually means paying a penalty, which can significantly erode returns.