{ "@context": "https://schema.org", "@type": "Article", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://www.bankaust.com.au/blog/{{slug}}" }, "headline": "{{title}}", "description": "{{desc}}", "image": "{{image}}", "author": { "@type": "Organization", "name": "Bank Australia", "url": "https://www.bankaust.com.au/" }, "publisher": { "@type": "Organization", "name": "Bank Australia", "logo": { "@type": "ImageObject", "url": "https://cdn.prod.website-files.com/64d5d5beb2a67e9491ecdff8/64d5d5beb2a67e9491ece00c_BA-logo-white.webp" } }, "datePublished": "{{datePublished}}", "dateModified": "{{dateModified}}" }
Alert notice

Monday 18 May - Delay to limit changes: Previously communicated limit changes expected to take effect on Monday 18 May have been delayed until August. Customers will be provided with more information closer to the new effective date. 

2026-04-29 10:34 am
Back to blog
News

Bank Australia lifts interest rates on Term Deposit products

Photo journal

Bank Australia today announced it will increase interest rates across its range of Term Deposit products effective 8 June 2023.

Term deposits

Interest paid at maturity changes:

  • 6 month rate increased by 0.10% to 4.60%
  • 9 month rate increased by 0.70% to 4.30%
  • 12 month rate increased by 0.40% to 4.40%
  • 18 month rate increased by 0.55% to 4.35%
  • 24 month rate increased by 0.40% to 4.00%
  • 36 month rate increased by 0.40% to 4.00%

Interest paid monthly changes:

  • 6 month rate increased by 0.10% to 4.50%
  • 12 month rate increased by 0.40% to 4.30%
  • 18 month rate increased by 0.55% to 4.25%
  • 24 month rate increased by 0.40% to 3.90%
  • 36 month rate increased by 0.40% to 3.90%

For any help and further queries, customers can contact us on 132 888 or visit their nearest branch.