Term deposit rates up to 7.0% p.a. from APRA-regulated Australian institutions. Government guaranteed up to A$250,000 under the Financial Claims Scheme.
Compare rates from established Australian banks and credit unions. All products are APRA-authorised and eligible for government protection under the Financial Claims Scheme up to A$250,000 per institution.
| Institution | Product | Term | Min. Deposit | Rate p.a. | |
|---|---|---|---|---|---|
| Bank of Queensland Regional Bank · ASX Listed |
18-Month Term Deposit | 18 months | A$10,000 | 5.25% | Apply → |
| Bendigo Bank Regional Bank · ASX Listed |
1-Year Term Deposit | 12 months | A$1,000 | 5.10% | Apply → |
| ING Australia Digital Bank · APRA Licensed |
Online Savings — Bonus Rate | Instant access | A$500 | 4.75% | Apply → |
Rates updated 12 March 2025. p.a. = per annum. Government guarantee applies to deposits up to A$250,000 per APRA-authorised institution under the Financial Claims Scheme. Capital at risk on investment products.
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Meridian helped me move my retirement savings into a 3-year term deposit earning nearly 6%. The process was seamless and explained in plain English.
I was getting 1.2% at my old bank. Meridian found me 5.9% within 24 hours. I genuinely don't know why I didn't do this years ago.
The government guarantee gave me real peace of mind. My A$200,000 is fully protected while earning 5.4% — exactly what I needed for retirement planning.
All institutions listed on Meridian are APRA-authorised. Eligible deposits are protected under the Financial Claims Scheme — so your money is safe even if a provider fails.
