Finder makes money from featured partners, but editorial opinions are our own.

Term deposit rates for $100,000+ balances

If you've got $100,000 to invest in a term deposit, you'll generally get a better rate for a longer term length.

Avatar

By

Tim Falk

Updated

Fact checked

With investment amounts of $100,000 or more, a term deposit could be a good option while you decide what to do with your money. A term deposit offers a fixed rate of return, and is very low-risk. Balances up to $250,000 in a term deposit are protected by the Australian Government Guarantee Scheme.

Promoted
Judo Bank Term Deposit
Finder Award
5.1% p.a. for 12 months terms
Terms between 3 months and 5 years
$1000 minimum deposit
0.10% p.a. loyalty bonus when you roll over your term deposit

1 - 10 of 44
Updated regularly
Name 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a.
ING Term Deposit
$10,000 min. deposit
3 Mths p.a.
4.75%
4 Mths p.a.
4.75%
5 Mths p.a.
-
6 Mths p.a.
4.85%
7 Mths p.a.
4.65%
12 Mths p.a.
4.90%
24 Mths p.a.
4.50%
Go to siteMore Info
Judo Bank Term Deposit
Finder Award$1,000 min. deposit
3 Mths p.a.
4.90%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
5.10%
7 Mths p.a.
-
12 Mths p.a.
5.10%
24 Mths p.a.
5.10%
Go to siteMore Info
Newcastle Permanent Term Deposit
$1,000 min. deposit
3 Mths p.a.
3.50%
4 Mths p.a.
3.50%
5 Mths p.a.
3.50%
6 Mths p.a.
4.60%
7 Mths p.a.
3.80%
12 Mths p.a.
4.50%
24 Mths p.a.
4.00%
Go to siteMore Info
MyState Bank Online Term Deposit
$5,000 min. deposit$50,000,000 max. deposit
3 Mths p.a.
2.50%
4 Mths p.a.
4.20%
5 Mths p.a.
4.40%
6 Mths p.a.
4.60%
7 Mths p.a.
5.00%
12 Mths p.a.
4.80%
24 Mths p.a.
3.95%
Go to siteMore Info
Bankwest Term Deposit
$1,000 min. deposit$10,000,000 max. deposit
3 Mths p.a.
3.75%
4 Mths p.a.
3.00%
5 Mths p.a.
3.00%
6 Mths p.a.
4.25%
7 Mths p.a.
4.00%
12 Mths p.a.
4.75%
24 Mths p.a.
4.40%
Go to siteMore Info
Community First Bank Term Deposit - $100,000+
$100,000 min. deposit$1,000,000 max. deposit
3 Mths p.a.
4.25%
4 Mths p.a.
4.25%
5 Mths p.a.
4.25%
6 Mths p.a.
4.50%
7 Mths p.a.
4.50%
12 Mths p.a.
4.75%
24 Mths p.a.
4.80%
Go to siteMore Info
Rabobank Term Deposit
$1,000 min. deposit$2,000,000 max. deposit
3 Mths p.a.
4.85%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
5.00%
7 Mths p.a.
-
12 Mths p.a.
5.00%
24 Mths p.a.
4.50%
More Info
Newcastle Permanent Term Deposit 2 year
$1,000 min. deposit
3 Mths p.a.
3.50%
4 Mths p.a.
3.50%
5 Mths p.a.
3.50%
6 Mths p.a.
4.60%
7 Mths p.a.
3.80%
12 Mths p.a.
4.50%
24 Mths p.a.
4.00%
More Info
Macquarie Bank Term Deposit
$5,000 min. deposit$1,000,000 max. deposit
3 Mths p.a.
4.80%
4 Mths p.a.
4.75%
5 Mths p.a.
-
6 Mths p.a.
4.70%
7 Mths p.a.
-
12 Mths p.a.
4.65%
24 Mths p.a.
4.35%
More Info
Bank of Sydney Term Deposit
$1,000 min. deposit$1,000,000 max. deposit
3 Mths p.a.
4.90%
4 Mths p.a.
4.00%
5 Mths p.a.
4.00%
6 Mths p.a.
5.15%
7 Mths p.a.
4.95%
12 Mths p.a.
5.05%
24 Mths p.a.
-
More Info
loading
Showing 10 of 44 results

How does a $100,000 (and over) term deposit work?

If you have recently inherited a large amount of cash, have proceeds from a home sale with no new home to buy yet, or are an investor who is in between opportunities, a $100,000 term deposit provides a safe solution for holding onto your cash. This is also a good account to consider if you want to ensure that your retirement funds will be available for when you are ready to start spending them.

How do I compare $100K term deposits?

  • Interest rates. A term deposit works like a high interest savings account, allowing you to earn a form of income from your account balance. With some banks you will find that you are paid higher rates when your balance is over $100,000.
  • Terms. Consider carefully how long you want to have your balance locked into a term deposit account. Terms can range from anywhere between one month to five years, giving you the choice in when the account will mature.
  • Interest payments. Most term deposits earn simple interest, meaning you don't earn interest on the interest. Compound interest, like that earned in a savings account is a way in which you could grow your savings exponentially.
  • Fees. Look at the details of each term deposit to ensure that you are not being charged any monthly fee.
  • Penalties. Banks will often charge you a penalty if you are in a position where you need to withdraw your savings balance before the terms end.

Notice saver accounts

Some banks in Australia have added the option of notice term savers accounts, where instead of choosing a length of time for the deposit, you choose how much notice you need to provide before withdrawing the money. Depending on the institution, you may find that the interest rates are slightly lower, but this is worth considering if you want a little more flexibility.

Compare the pros and cons of a term deposit with a high balance

Pros

  • High interest earnings. Term deposits give you the chance to passively earn a higher yield on your balance than you would with a standard bank account.
  • Incentive to save. As your funds are "locked in" an account, it could be an incentive to not spend your savings.
  • Choice of length. You have the chance to set the terms that work best for you, as well as the way in which your interest payments are made.
  • Your deposit is guaranteed. The Australian Government Guarantee Scheme covers up to $250,000 per person, per ADI. If your deposit surpasses this limit, it is no longer protected by the Government Guarantee.

Cons

  • Restrictive. If you do find that you need the money sooner than you thought, not only may it take some time to get it, but you could be facing additional fees and penalties for early withdrawals.
  • Interest rates are lower than some savings accounts. Many bonus savings accounts offer a higher interest rate than term deposits do, however they'll usually have some monthly conditions to meet.

Savings accounts versus term deposits for balances over $100,000

Bonus savings accounts often offer higher interest rates than term deposits, but you'll need to be willing to meet a few ongoing monthly account conditions (such as a monthly deposit condition).

If you're happy to meet some ongoing requirements like making regular deposits, making a set number of purchases or limiting your withdrawals then you can get a higher rate with a bonus saver. But if you simply want an account you can 'set-and-forget' your deposit, a term deposit will be the way to go.

Take a look at Finder's savings account comparison to see how much interest you can earn with a bonus savings account instead of a term deposit. Remember to note the different monthly account conditions for each account in order to earn the maximum bonus rate. You can use the calculator above the table to change your initial deposit value and the term length.

FAQs about $100,000 term deposits

More guides on Finder

Go to site