- Home
- Term Deposits
- News
- NAB the most generous big four bank for term deposit interest rates
NAB the most generous big four bank for term deposit interest rates
Consumers who want to invest $5,000 in a term deposit with a big four bank will currently get the best return with NAB.
When it comes to $5,000 term deposits, NAB’s interest rates are either the same or higher than the other big four banks for three-month term deposits, one-year term deposits, two-year term deposits, three-year term deposits and five-year term deposits (see tables below).
To earn the highest interest rate, consumers would need to lock away their $5,000 lump sum for five years.
ANZ, NAB and Westpac all pay 2.80 per cent interest on five-year term deposits, which would deliver $700 interest, or a final return of $5,700.
ANZ term deposits
| Term | Interest rate | Interest earned |
|---|---|---|
| 3 months | 2.00% | $25 |
| 1 year | 2.30% | $115 |
| 2 years | 2.60% | $260 |
| 3 years | 2.50% | $375 |
| 5 years | 2.80% | $700 |
Commonwealth Bank term deposits
| Term | Interest rate | Interest earned |
|---|---|---|
| 3 months | 1.75% | $21.88 |
| 1 year | 1.90% | $95 |
| 2 years | 1.90% | $190 |
| 3 years | 1.90% | $285 |
| 5 years | 1.90% | $475 |
NAB term deposits
| Term | Interest rate | Interest earned |
|---|---|---|
| 3 months | 2.00% | $25 |
| 1 year | 2.40% | $120 |
| 2 years | 2.60% | $260 |
| 3 years | 2.70% | $405 |
| 5 years | 2.80% | $700 |
Westpac term deposits
| Term | Interest rate | Interest earned |
|---|---|---|
| 3 months | 2.00% | $25 |
| 1 year | 2.30% | $115 |
| 2 years | 2.40% | $240 |
| 3 years | 2.50% | $375 |
| 5 years | 2.80% | $700 |
Disclaimer
This article is over two years old, last updated on May 20, 2018. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent term deposits articles.
Compare term deposits
Product database updated 31 Dec, 2024
Share this page
Get updates on the latest financial news and products
By continuing, you agree to the RateCity Privacy Policy, Terms of Use and Disclaimer.
Promoted term deposits
Investment Plus
Real Time Rating™
- 2024 Award Winner
- 3 months
- Automatic maturity rollover
- Joint application available
Interest rate
3.50%
for 3 months
Min deposit
$1,000
Maximum rate
4.95%
for 6 months
Special Term Deposit
Real Time Rating™
- 9 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
Interest rate
4.75%
for 9 months
Min deposit
$5,000
Maximum rate
4.75%
for 9 months
Advance Notice Term Deposit
Real Time Rating™
- 1 month
- Automatic maturity rollover
- Joint application available
- Maturity alert by phone
Interest rate
1.25%
for 1 month
Min deposit
$5,000
Maximum rate
4.75%
for 8 months
Term Deposit
Real Time Rating™
- 6 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by phone
Interest rate
0.10%
for 6 months
Min deposit
$5,000
Maximum rate
0.15%
for 12 months
Product data updated on 31 Dec 2024
