Last updated: July 2026
Best 6-Month Term Deposit Rates Australia (Updated Daily)
All current 6-month term deposit rates from Australian banks, ranked by ongoing rate.
- ✓ Focused on 6-month term deposits only
- ✓ Sorted by ongoing rates (not intro offers)
- ✓ 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
Quick picks — 6-month rates
- Highest 6-month rate Heartland Bank — p.a.
- Lowest minimum deposit Judo Bank — p.a.
- Popular mainstream option ANZ — p.a.
All 6-Month Term Deposit Rates
We rank products by ongoing rates — not temporary introductory offers — so the results reflect what you'll actually earn.
Something look wrong? Report an incorrect rate →
Stay ahead of rate moves — we'll email you when 6-month rates change.
Get alerts when 6-month rates change
We'll email you whenever any Australian bank changes their 6-month term deposit rate. Free.
No spam. Unsubscribe in one click.
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.