Below are the movements in TD rates over the past week ending 11 August. Most of these changes are cuts:
MyState Bank
MyState Bank cut its rates for its Online and Regular TD products by as much as 20bps. This cancels part of the 50bps boost MyState Bank rolled out over the week ending 21 July. Below are the new rates:
MyState Bank TD rate changes – 11 August
|
Term |
Change |
Rate |
|
6 months – Online and Regular TD |
-15bps |
4.75% p.a. |
|
9 months - Online and Regular TD |
-15bps |
4.85% p.a. |
|
10 months - Online and Regular TD |
-15bps |
4.85% p.a. |
|
12 months - Online and Regular |
-20bps |
4.90% p.a. |
All TD products above have end-of-term payments and a minimum deposit of $5,000.
AMP Bank
After a series of cuts last week, AMP Bank made another round of adjustments to its TD rates.
AMP Bank TD rate changes – 11 August
|
Term |
Change |
Rate |
|
3 and 4 months (Min. deposit $5,000) |
-20bps |
4.80% p.a. |
|
8, 9, 10 months (Min. deposit $5,000) |
-15bps |
5.05% p.a. |
|
11 and 12 months (Min. deposit $5,000) |
-20bps |
5.15% p.a. |
|
3 and 4 months (Min. deposit $25,000) |
-20bps |
4.85% p.a. |
|
8, 9, 10 months (Min. deposit $25,000) |
-15bps |
5.10% p.a. |
|
11 and 12 months (Min. deposit $25,000) |
-20bps |
5.20% p.a. |
The AMP TD products listed above have end-of-term payments.
Judo Bank
Judo Bank delivered another series of rate cuts across its Personal, Business, and SMSF TDs. This has been the third week of cuts for the bank. Check out the newest rates below:
Judo Bank TD rate changes – 11 August
|
Term |
Change |
Rate |
|
3 months |
-10bps |
4.75% p.a. |
|
6 months |
-20bps |
4.95% p.a. |
|
9 months |
-20bps |
4.95% p.a. |
|
1 year |
-15bps |
5.10% p.a. |
All TD products above have end-of-term payments and a minimum deposit of $1,000.
Rabobank Australia
Rabobank Australia joined the trend of cutting rates, enforcing a 10bps decrease across its TD products. Below are Rabobank Australia’s new rates:
Rabobank Australia TD rate changes – 11 August
|
Term |
Change |
Rate |
|
3 months |
-10bps |
4.65% p.a. |
|
6 months |
-10bps |
4.90% p.a. |
|
9 months |
-10bps |
4.90% p.a. |
|
1 year |
-10bps |
5.00% p.a. |
All TD products above have end-of-term payments and a minimum deposit of $1,000.
Macquarie Bank
It’s another week of cuts for Macquarie Bank’s TD rates. Check out the changes below:
Macquarie Bank TD rate changes – 11 August
|
Term |
Change |
Rate |
|
3 months |
-10bps |
4.70% p.a. |
|
6 months |
-5bps |
4.70% p.a. |
|
9 months |
-5bps |
4.75% p.a. |
|
1 year |
-5bps |
4.80% p.a. |
All TD products above have end-of-term payments and a minimum deposit of $1,000.
Bank of Sydney
Bank of Sydney reduced the rates of its shorter TDs but increased the rates for 12-month TDs. These changes apply to its regular and business TD products:
Bank of Sydney TD rate changes – 11 August
|
Term |
Change |
Rate |
|
3 months |
-20bps |
4.85% p.a. |
|
6 months |
-20bps |
5.00% p.a. |
|
1 year |
+30bps |
4.30% p.a. |
All TD products above have end-of-term payments and a minimum deposit of $1,000.
Bendigo Bank
Bendigo Bank made significant increases of up to 65bps to its TD rates. The biggest boosts, however, are for TDs with higher minimum lock-in periods.
Bendigo Bank TD rate changes – 11 August
|
Term |
Change |
Rate |
|
24 months (Annual payments) |
+65bps |
3.85% p.a. |
|
36,48, and 60 months (Annual payments) |
+65bps |
4.00% p.a. |
|
3 months (End-of-term payments) |
+50bps |
3.50% p.a. |
|
6 months (End-of-term payments) |
+15bps |
4.20% p.a. |
|
9 months (End-of-term payments) |
+30bps |
4.10% p.a. |
|
12 months (End-of-term payments) |
+15bps |
4.90% p.a. |
All TD products above have a minimum deposit of $5,000.
Arab Bank Australia
Arab Bank Australia lifted the rates of its TD products by as much as 100bps. Below are some of the notable changes in its TD rates over the week:
Arab Bank Australia TD rate changes – 11 August
|
Term |
Change |
Rate |
|
3 months (Min. deposit of $10,000) |
+100bps |
5.00% p.a. |
|
4 months (Min. deposit of $10,000) |
+90bps |
5.05% p.a. |
|
9 months (Min. deposit of $10,000) |
+75bps |
5.25% p.a. |
|
1 year |
+55bps |
5.30% p.a. |
All TD products above have end-of-term payments.
Northern Inland Credit Union
Northern Inland Credit Union boosted its 12-month Fixed Term Deposit rates by 25bps.
Northern Inland Credit Union TD rate changes – 11 August
|
Term |
Change |
Rate |
|
12 months – End of Term Payments |
+25bps |
5.00% p.a. |
|
12 months – Monthly Payments |
-15bps |
4.75% p.a. |
The TD products mentioned above require a minimum deposit of $5,000.
Photo by Sezeryadigar on Canva.
