3-5 Year Term Deposits

A 3 to 5 year term deposit fixes the rate for the whole term, so the return is known in advance whichever way market rates move, but the money is locked away unless you give notice and accept reduced interest. Compare rates from 5.00%This is our highest starting rate for these products. Other factors may change rates once you filter your results. See sorting and ranking for more info. with Alex.Bank's Term Deposit - Direct.

Rates checked against every provider’s own published dataWe show all of the product information we are able to access. For banking products that is each provider’s public Consumer Data Right (CDR) Product Reference Data endpoints, published under the Consumer Data Standards (CDS) maintained by the Data Standards Body. Where a provider does not publish a field, or a row is an editorial selection, we say so. on 19 Oct 2026
Written by Joshua PevyReviewed by Jordan PearceLast updated 19 Oct 2026How We Rank This PageEditorial StandardsOur Writers

Comparing 8 products

Deposit period

Depositing $10,000 over 5 years at the highest shown:

Top rate
5.00% p.a.
Interest earned
$2,500
Balance after 5 years
$12,500

Estimate only, based on Alex.Bank’s highest advertised rate. Each product is priced at its own rate for this term and its own interest-payment schedule, so a deposit paying at maturity earns simple interest.

ProductTerm lengthInterest paidActions
Alex.BankMax rate5.00%Term length4 yr–5 yrInterest paidAt maturityInterest earnings$2,500

Alex gets you a competitive interest rate on your term deposit. Origination via invite only.

Bank of usMax rate4.20%Term length37 moInterest paidHalf-yearlyInterest earnings$2,310

If you have $5,000 or more to invest, we have a choice of terms ranging from 1 - 36 months for you to lock your money away for, with the certainty of a great fixed interest rate. At the end of the ter

ANZMax rate4.00%Term length4 yrInterest paidAt maturityInterest earnings$2,000

Enjoy the certainty of fixed returns over the investment term of your choice

Bank of MelbourneMax rate4.00%Term length4 yr–5 yrInterest paidMonthlyInterest earnings$2,210

Get a fixed interest rate for your fixed term investment.

BankSAMax rate4.00%Term length4 yr–5 yrInterest paidMonthlyInterest earnings$2,210Business only

Lock away your money for a period of time and get a guaranteed return

BankSAMax rate4.00%Term length4 yr–5 yrInterest paidMonthlyInterest earnings$2,210

Get a fixed interest rate for your fixed term investment.

Auswide BankMax rate3.25%Term length37 mo–61 moInterest paid—Interest earnings$1,625

A term deposit that pays interest on maturity

Bank of QueenslandMax rate2.00%Term length4 yrInterest paidMonthlyInterest earnings$1,051

Rewarding you with higher interest on balances over $5,000. Enjoy the security of a fixed rate for your nominated term

Rates and fees are sourced from each provider’s CDR Product Reference Data where the provider publishes it.

Important information

About this table: using the data available to us, we have tried to show products that match this table’s title. This table does not compare all products, and there may be products with a higher rate in the market that are not shown here. Do your own research to find a product that suits your needs and financial goals. See how we choose products for tables like this.

Find out moreShow less

Rates, fees and charges are subject to change without notice. Before acting on any information shown here, you should confirm the rates, fees, charges and product information with the provider. For clarity, where we have used the terms “lowest” or “best”, these relate solely to the rates of interest offered by the provider and not to any other factor. The application of these terms to a particular product is subject to change without notice if the provider changes their rates.

This table does not compare every feature that may be relevant to you. Products are selected for relevance to the table and to the filters applied. They are not suggestions or recommendations, and the order they appear in is not a ranking of suitability. Changing the filters will surface further relevant products. See how we sort and rank products.

Some providers pay us to promote a product or for a click through to their site. Any paid listing is marked “Sponsored Placement” wherever it appears. Payment never determines which products we show: we consider all relevant products in the market against the filters applied, and payment never changes the figures we display. See how we make money and our advertiser disclosure.

This information is general in nature. It does not take into account your objectives, financial situation or needs, and it is not a recommendation to apply for or hold any particular product. You should read the provider’s Key Facts Sheet, Target Market Determination and terms and conditions before deciding. CompareThat compares products. We do not arrange, approve or process applications.