In January 2020, InfoChoice’s top term deposits include products with market-leading rates, like the Green Term Deposit from UBank, Citi Australia’s term deposits and Judo Bank’s limited but very competitive range of terms. The best big four bank term deposit rates January 2020 The best term deposit rates from the big four banks include ANZ Bank’s Special Rate of 1.60 per cent pa on 7 month terms. Commonwealth Bank’s best rate on term deposits is currently 1.40 per cent pa for 12 months. NAB is paying 1.30 per cent pa for six month term deposits. Westpac is paying 1.30 per cent pa for three-month term deposits. Highest term deposit rates in January 2020 The highest term deposits rates in Australia in January 2020 are not from any of the big four banks. The highest term deposit rates now listed on InfoChoice are from online bank brands. The market-leading term deposit rates in Australia include offerings from Citi, the Green Term Deposit range from UBank and Judo Bank’s limited range of mostly longer term deposits. Highest 6-month term deposit rates in January 2020 The highest 6-month term deposits rates now listed on InfoChoice in January 2020 are: Judo Bank 180 Day Term Deposit 2.0%pa Citi 3 or 6 month Term Deposit 1.80%pa AMP 180 day Term Deposit 1.80%pa RaboBank Online Savings Term Deposit 1.80%pa Bank of Sydney Online Only Term Deposit 1.75%pa Highest 12-month term deposit rates in January 2020 The highest 12-month term deposit rates now listed on InfoChoice are: Judo Bank 12 month Term Deposit 2.0%pa AMP Bank’s 12-month Term Deposit 1.70%pa RaboBank’s Online Savings Term Deposit 1.50%pa Term Deposit Special Deals in January 2020 Judo Bank offers a limited range of mostly longer terms. All Judo’s term deposit products are currently paying rates among the leading rates listed on InfoChoice. Judo’s maximum rate of 2.50 per cent pa is available on the five-year term. Judo is a neo bank with a very limited range of products. Citi’s 3 or 6 month Term Deposit package is paying up to 2.0 per cent pa for 90 days. Citi’s 3 or 6 month Term Deposit Package is also available for wholesale investors. You can compare these term deposit rates and deals with other term deposits now on offer from Australia’s banks and credit unions. The products compared in this article are chosen from a range of offers available to us and are not representative of all the products available in the market and influenced by a range of factors including interest rates, product costs and commercial and sponsorship arrangements InfoChoice compares financial products from 145 banks, credit unions and other financial institutions in Australia. InfoChoice does not compare every product in the market. Some institutions may have a commercial partnership with InfoChoice. Rates are provided by partners and taken from financial institutions websites. We believe all information to be accurate on the date published. InfoChoice strives to update and keep information as accurate as possible. The information contained on this web site is general in nature and does not take into account your personal situation. Do not interpret the listing order as an endorsement or recommendation from us. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser. If you or someone you know is in financial stress, contact the National Debt Helpline on 1800 007 007.