Comparing term deposits. Although there are many ADIs in Australia that offer term deposits, lots of people tend to choose a product offered by the bank they’re already with. As many people are with one of the Big Four banks – NAB, Commonwealth Bank, ANZ and Westpac – these are the four banks looked at here. Term Deposit interest is calculated on the daily closing balance of the account and can be credited (compounded) to the term deposit account annually or on maturity. Term deposits lodged for more than 12 months must have interest paid at least every 12 month period as well as at maturity and the interest can be compounded to the principal. With fixed interest rates starting at 0.05% p.a for a 1-month term, ranging up to 0.35% p.a for a 12 month term or 0.35% for a term of 5 years (for deposits containing $50,000 to $1,999,999), the Commonwealth Bank Term Deposit account could be exactly what you need. In a somewhat surprising move, banks are lifting some of their term deposit rates despite the Reserve Bank of Australia slashing the cash rate to an all-time low of 0.25% on March 19. It comes after Australia's biggest bank, the Commonwealth Bank, announced it would lift its 12-month term deposit rate by 60bps to 1.7%.

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By Provider

Provider	Product	Minimum Deposit	Maximum Deposit	30 days	60 days	90 days	5 months	6 months	9 months	12 months
ANZ	Term Deposits	$10,000	-	0.15	0.25	0.35	0.55	0.80	0.80	0.80
Term Investment	$5,000	$9,999	0.15	0.25	0.35	0.55	0.80	0.80▲	0.80▲
Term Investment	$10,000	$49,999	0.15	0.25	0.35	0.55	0.80	0.80▲	0.80▲
Asset Finance	Term Deposit	$2,500	-	-	-	-	-	-	2.50	3.30
BNZ	Term Investment	$2,000	$5,000,000	0.15	0.25	0.35	0.55	0.80	0.80	0.80
China Construction Bank	Term Deposit	$100,000	$5,000,000	-	-	-	-	-	-	-
Co-operative Bank	Term Deposit	$2,000	-	0.15	-	0.40	-	0.95	0.95	0.95
Co-operative Bank	Special Term Deposit	$5,000	-	-	-	-	-	1.00	-	1.00
Term Deposit	$1,000	-	-	-	-	-	1.30	-	2.30
First Credit Union	Term Investment	$500	-	-	-	0.75	-	1.10	1.15	1.20
General Finance	Deposit Rate	$5,000	$100,000	-	-	-	-	2.55	3.10	3.55
Heartland Bank	Heartland Term Deposit	$1,000	-	0.15	0.25	0.40	-	0.90	0.90	1.00
Heretaunga Building Society	Term Investment	$1	-	-	-	0.40▼	-	0.80▼	-	1.00
HSBC Premier	Term Deposits	-	$9,999	0.05	-	0.05	0.10	0.10	0.10	0.10
HSBC Premier	Term Deposit	$10,000	$99,999	0.07	-	0.10	0.35	0.60	0.60	0.60
HSBC Premier	Term Deposit	$100,000	-	0.10	-	0.35	0.55	0.80	0.80	0.80
Kiwibank	Term Deposits	$1,000	$4,999	-	-	0.25	0.25	0.50	0.50	0.50
Kiwibank	Term Deposits	$5,000	$9,999	0.05	0.15	0.25	0.50	0.80	0.70	0.90
Kiwibank	Term Deposits	$10,000	-	0.15	0.25	0.35	0.60	0.90	0.80	1.00
Kookmin - NZ	Term Deposit	$10,000	$49,999	0.10	0.10	0.30	0.40	0.60	0.60	0.90
Provider	Product	Minimum Deposit	Maximum Deposit	30 days	60 days	90 days	5 months	6 months	9 months	12 months
Kookmin - NZ	Term Deposit	$50,000	$99,999	0.10	0.10	0.30	0.50	0.70	0.70	1.00
Kookmin - NZ	Term Deposit	$100,000	-	0.10	0.10	0.40	0.60	0.80	0.80	1.10
Kookmin - NZ	Term Deposit	$5,000	$9,999	0.10	0.10	0.30	0.30	0.50	0.50	0.80
Term Deposit	$5,000	$19,999	-	-	2.45	-	2.90	2.95	3.00
Term Deposit	$20,000	$99,999	-	-	2.50	-	2.95	3.00	3.05
Term Deposit	$100,000	-	-	-	2.55	-	3.05	3.10	3.15
Napier Building Society	Term Deposit	$5,000	-	-	-	-	-	-	-	-
Nelson Building Society	Term Deposit	$5,000	$250,000	0.15	-	0.45	-	0.85	0.85	0.95
NZCU Auckland	Investment Account	$500	$9,999	-	-	0.60	-	1.05	1.05	1.10
NZCU Auckland	Investment Account	$10,000	$500,000	-	-	0.60	-	1.10	1.10	1.15
NZCU Baywide	Term investment	$1,000	$1,000,000	0.15	0.15	0.50	0.70	0.90	0.95	1.00
NZCU South	Term investment	$1,000	$500,000	0.15	0.15	0.50	0.70	0.90	0.95	1.00
Public Trust	Term Deposit	$5,000	$9,999	-	-	1.00	-	1.00	1.00	1.00
Public Trust	Term Deposit	$10,000	$49,999	-	-	1.00	-	1.00	1.00	1.00
Public Trust	Term Deposit	$50,000	$249,999	-	-	1.00	-	1.00	1.00	1.00
Public Trust	Term Deposit	$250,000	-	-	-	1.00	-	1.00	1.00	1.00
Rabobank Term Deposits	$1,000	-	0.20	-	0.25	-	1.00	1.00	1.00
SBS Bank	Term Investment Specials	$1,000	$250,000	-	-	0.40	0.50	0.90	0.90	1.00
Term Deposit	$5,000	$9,999	0.05	0.10	0.25	0.45	0.70	0.70	0.70
Term Deposit	$10,000	$250,000	0.15	0.25	0.35	0.55	0.80	0.80	0.80
Provider	Product	Minimum Deposit	Maximum Deposit	30 days	60 days	90 days	5 months	6 months	9 months	12 months
Wairarapa Bldg Socy	Term Investment	$500	$1,999	-	-	0.45	-	0.45	0.45	0.45
Wairarapa Bldg Socy	Term Investment	$2,000	$4,999	-	-	0.45	-	0.65	0.70	0.75
Wairarapa Bldg Socy	Term Investment	$5,000	-	-	-	0.50	-	0.95	1.00	1.05
Term Investment	$5,000	$5,000,000	0.15	0.20	0.35	0.55	0.80	0.80	0.80