ANZ Term Deposit Rates: Best 5.30% p.a. & Bank Comparison

There’s a quiet satisfaction in knowing exactly what your savings will earn in a year — no market noise, no rate fluctuations, just a fixed return. ANZ’s 12-month term deposit rate of 5.30% p.a. is one of the more competitive offers among Australia’s big four banks, but whether it’s the right fit depends on your term, your deposit size, and where you bank — this article breaks down the current rates, compares them across institutions, and looks at what might be coming in 2026.

ANZ 12-month term deposit rate (AU): 5.30% p.a. ·
Minimum deposit: $5,000 ·
Maximum deposit: $1,999,999 ·
ANZ NZ 180-day rate: 3.55% p.a. ·
Number of term options: Multiple (30 days to 5 years)

The following table summarizes the key specifications of ANZ term deposits.

What is the ANZ best term deposit rate?

Current ANZ term deposit rates by term

ANZ’s headline rate for a 12-month term deposit is 5.30% p.a., according to the Canstar big-four comparison. For shorter terms, the 6-month rate sits at 5.00% p.a., which is notably higher than Commonwealth Bank’s 3.45% and NAB’s 3.50% for the same period. The 2-year term offers 5.25% p.a., edging above Westpac’s 5.00% and matching the upper tier of the big four.

These rates apply to standard personal term deposits through ANZ Australia. The ANZ Australia Term Deposit page (official product page) lists the full range of term options from 30 days up to 5 years, though not every term length is published with a rate — some require a call or an in-branch discussion.

How to find the best ANZ term deposit rate

The easiest way to see current rates is to use the ANZ Australia Calculators and Tools page (official banking tool), which includes a term deposit earnings calculator. Enter your deposit amount and desired term to see the exact interest payout. Finder (financial comparison platform) also publishes rate snapshots for ANZ products, including notice requirements and minimum balances.

Rates are subject to change, and the NorthOnline PDF (investment platform rate sheet) shows effective rates from 2026-07-20, confirming that ANZ’s published rates are reviewed regularly. The PDF notes rates are effective Monday 22 June 2026 and subject to change without notice.

The implication: ANZ’s 12-month rate is the strongest among the big four, making it a top choice for term deposit savers.

Which bank is offering the highest term deposit rate?

Comparison of top term deposit rates across Australian banks

While ANZ’s 5.30% is strong for a big-four bank, the broader market offers higher ceilings. InfoChoice (term deposit comparison marketplace) reports that top rates across all Australian lenders reach up to 5.40% p.a. for 12-month terms. SavingsFlow (rate comparison aggregator) lists Great Southern Bank’s 5-year term deposit at 5.50% annually and its 3-year at 5.45% at maturity — options for those willing to lock in longer.

Among the big four, ANZ leads on the 12-month term at 5.30%, with CBA at 5.25%, NAB at 5.20%, and Westpac at 5.00% for the same period, per Canstar big-four comparison. On the 6-month term, ANZ’s 5.00% towers over CBA’s 3.45%, NAB’s 3.50%, and Westpac’s 3.40%.

Five rates, one pattern: ANZ is the rate leader among the big four on the most popular 12-month term, but smaller lenders still offer a slight premium.

The implication: ANZ is the clear big-four choice for 6-month and 12-month terms. The 10–20 basis point gap over CBA and NAB on the 12-month term adds up — on a $100,000 deposit, that’s $100–$200 more in interest over a year.

What this means: ANZ’s 6-month and 12-month rates are market-leading among major banks, but smaller lenders offer slightly higher rates on longer terms.

Which NZ bank has the best term deposit rates?

ANZ NZ term deposit rates overview

ANZ New Zealand operates a separate rate structure from its Australian parent. For deposits of $10,000 or more, ANZ NZ offers rates ranging from 1.80% to 3.55% p.a., with the 180-day term at 3.55% p.a., according to the ANZ New Zealand term deposit rates page (official NZ rates). The minimum deposit threshold is $10,000 — double the Australian requirement — and term options differ as well.

ANZ NZ also provides a dedicated ANZ New Zealand Term Deposit Calculator (NZ banking tool) separate from the Australian version, reflecting the different product structures in each country. The ANZ New Zealand Calculators and Tools page (NZ banking hub) bundles savings, term deposits, and everyday banking calculators.

Comparison with ASB and BNZ

While exact comparisons require current rate checks, the gap between ANZ NZ’s 3.55% and ANZ Australia’s 5.30% on similar terms highlights the difference in monetary policy environments between the two countries. Smaller NZ banks and credit unions sometimes offer higher rates than the major banks, but ANZ NZ’s rates are broadly in line with ASB and BNZ for comparable terms.

The pattern: NZ savers must accept lower rates due to the Reserve Bank of New Zealand’s monetary policy stance, making Australian term deposits significantly more attractive in comparison.

Is ANZ a good bank in Australia?

Pros of banking with ANZ

Customer satisfaction ratings

Industry surveys and consumer reports indicate that ANZ’s customer service scores trail some competitors. However, for a term deposit product — where interaction is minimal after account opening — service quality matters less than rate competitiveness. The financial stability of a big-four bank remains a strong draw for conservative savers.

The verdict: ANZ combines big-four safety with a competitive rate offering, making it a strong candidate for term deposit investors who prioritize security over a few basis points.

What are the ANZ term deposit rates for 2026?

Forecast for ANZ term deposit rates

As of 2024, ANZ’s 12-month term deposit rate sits at 5.30% p.a. No official 2026 rates have been published — banks typically set rates based on current market conditions and Reserve Bank of Australia cash rate decisions. The ANZ Australia Term Deposit page (official source) was updated 2026-07-14, suggesting that rate reviews happen frequently.

Factors influencing future rates

• RBA cash rate: If the RBA cuts rates in 2025–2026, term deposit rates will likely follow. If it holds or raises, ANZ may maintain or increase its rates.
• Competitive pressure: Big-four banks tend to move in tandem. A rate change from CBA or Westpac often triggers adjustments from ANZ.
• Funding needs: Banks adjust term deposit rates based on their own balance-sheet requirements. When they need retail deposits, rates become more attractive.
• Inflation outlook: Persistently high inflation keeps upward pressure on rates; a sharp drop in inflation could accelerate rate cuts.

The pattern: 2026 rates are unknowable today, but the trajectory depends on RBA policy. Savers who want certainty should lock in current rates rather than gamble on a future rise.

The takeaway: Locking in now secures the current competitive rate, while waiting introduces uncertainty that could result in lower returns.

The clarity section highlights the known and unknown elements, helping readers make informed decisions based on available data.

For Australian savers, ANZ’s current 5.30% on a 12-month term deposit is the best rate among the big four — and the gap over CBA and Westpac is real money on larger deposits. The trade-off is that smaller lenders still offer up to 5.40%, and no one can predict where rates will sit in 2026. For the saver who wants big-four security with a competitive rate, the choice is clear: lock in the 12-month term now, or accept the risk that rates could fall before year’s end. Savers must weigh the certainty of current returns against the possibility of higher rates from smaller lenders or future rate changes.

For more comparisons of financial products, see our guides on Lowest Home Loan Rates NZ and Best Airpoints Credit Card NZ.