Last updated: August 2026
Best 6-Month Term Deposit Rates Australia (Updated Daily)
Compare the highest ongoing 6-month term deposit rates. Ideal if you want flexibility or think rates may rise.
- ✓ Focused on 6-month term deposits only
- ✓ Sorted by ongoing rates (not intro offers)
- ✓ Ideal for short-term flexibility
- ✓ 50 banks compared
Who 6-month term deposits are best for
- → You want flexibility in case rates rise
- → You don't want to lock in for a full year
- → You're parking cash short-term
All 6-Month Term Deposit Rates
Compared with 12-month terms, rates are often slightly lower — but you gain flexibility to reinvest sooner. Many savers use short-term deposits to 'wait and see' before locking in longer 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 6-month term?
A 6-month term deposit gives you a guaranteed rate while keeping your options open sooner. When rates are uncertain or trending upward, locking in for only six months means you can reinvest at a higher rate when your deposit matures.
The tradeoff is a slightly lower rate compared to 12-month terms — but for savers who prioritise flexibility over locking in the highest possible return, the difference is often worth it.
Top lenders offering 6-month term deposits
- MOVE Bank —
- Heartland Bank —
- RACQ Bank —
- P&N Bank —
- ING —