Bank Australia
Term Deposit 12 months
Bank Australia · term deposits
Provider last updated this product 2026-09-14.
Go to provider
You'll complete your application on
Bank Australia's website. Confirm the rate and fees with them
before applying.
The fixed term deposit making a positive difference to more than just your bank balance.
Deposit rates
| Type | Rate | Term | Calculated | Applies to | Conditions | Interest |
|---|---|---|---|---|---|---|
| FIXED | 5.50% | 12 months | daily | $500 - $1,000,000 | Interest rates expressed as annual percentage rates. The interest rates shown are for an amount of $500 to $3,000,000 for personal customers. For commercial customers the interest rates shown are for an amount of $500 to $1,000,000. | calculated daily, paid P12M |
| Interest rates expressed as annual percentage rates. The interest rates shown are for an amount of $500 to $3,000,000 for personal customers. For commercial customers the interest rates shown are for an amount of $500 to $1,000,000. | ||||||
| FIXED | 5.50% | 12 months | daily | $500 - $3,000,000 | Interest rates expressed as annual percentage rates. The interest rates shown are for an amount of $500 to $3,000,000 for personal customers. For commercial customers the interest rates shown are for an amount of $500 to $1,000,000. | calculated daily, paid P12M |
| Interest rates expressed as annual percentage rates. The interest rates shown are for an amount of $500 to $3,000,000 for personal customers. For commercial customers the interest rates shown are for an amount of $500 to $1,000,000. | ||||||
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| SMS alert fee | EVENT | $0.25 | This fee is charged when you elect to receive notifications about your account via SMS messages to a mobile telephone number you have given us for contacting you. The cost is per SMS. |
| Staff assisted international payment in foreign currency | TRANSACTION | $30 | This fee is charged when you make an International Payment in foreign currency via a Branch or the Contact Centre. The cost is per transfer. |
| Company/business name searches | EVENT | $40 | When we conduct a search of the ASIC register to obtain information about the ownership of a company in administration of an account. The cost is per search. |
| Security token fee | EVENT | $50 | When you request that we provide you with a physical Token to provide an additional layer of security when you engage in transactions that carry a higher risk. We do not charge for the virtual token. |
| Certificates supplied by the bank | EVENT | $5 | A fee for comprehensive certificates supplied for audit. The cost is $5 per page and $25 per hour. |
| Dormancy Fee | PERIODIC | $10 | Administration fee where account has been transferred to dormancy status. |
| Same day funds transfers within Australia fee (RTGS) | TRANSACTION | $20 | This fee is for a Real Time Gross Settlement (RTGS) payment which refers to the process of transferring money from one bank to another in Australia on a real time and gross basis. The cost is per transfer. |
| Online international payment in foreign currency | PAYMENT | $10 | This fee is charged when you make an International Payment in foreign currency on-line via Internet banking or Bank Australia app. The cost is per transfer. |
| Term Deposit Early Withdrawal | EVENT | $0 | $0 fee and interest paid penalty. A fee charged for withdrawal of funds from your term deposit prior to its maturity |
| Duplicate statement fee | EVENT | $5 | $5 per statement (for period more than 3 months before request). A fee that may be charged if you order a copy of a statement that has already been issued on your account. This fee per statement and is charged on or after the day you order the duplicate statement. |
| Staff assisted international payment in AUD | PAYMENT | $30 | This fee is charged when you make an International Payment in AUD via a Branch or the Contact Centre. The cost is per transfer. |
| Inwards Payment fee | DEPOSIT | $0 | International money transfer from overseas (other fees may be charged by participating banks involved in the transaction or settlement). The cost is per transaction. |
Rate history
The figures behind this chart
| From | Until | Rate |
|---|---|---|
| 2026-07-15 | 2026-08-22 | 5.30% |
| 2026-08-24 | 2026-08-30 | 5.25% |
| 2026-09-01 | 2026-09-06 | 5.35% |
| 2026-09-08 | 2026-09-14 | 5.40% |
| 2026-09-17 | 2026-09-30 (current) | 5.50% |
Published figures as captured daily since 2026-07-15. A step is the day the provider's published figure changed; days without a published figure carry the last published value.
Features
- Early Withdrawal: If you want to withdraw your TD prior to maturity, you are required to provide 31 days' prior notice. You may incur an interest adjustment and a Term Deposit early withdrawal admin fee.
Who can apply
- businessSole traders, Pty Ltd, public companies, partnerships or associations
- min age - 0Children aged 12 years and younger requires that a parent or guardian is a signatory to the account until the child turns 13 years old. At the age of 13 years old, the parent or guardian may at the child's election, cease to be a signatory.
- natural personNatural Person or In trust for a Natural Person or Non-Individual entity
- residency status - AUBe an Australian citizen, permanent resident or have a valid visa; or entity be registered in Australia
Limits
- min balance - 500.00Minimum Balance of $500 is required
The provider's own documents
Published by the provider under the Consumer Data Right. These are their documents, not ours - they are the authority on this product.
Last updated by data holder: 2026-09-14T22:00:23.894Z · Product ID: 644d03e6-be3c-4d25-a6d3-31f3467b5dd9