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Provider Rate 5.50% 5.35% Great Southern Bank 5.25% People First Bank 5.25% Rabobank 5.25% Only considers the highest rate available from each provider. The Reserve Bank of Australia (RBA) has raised the cash rate four times in 2026, erasing the three cuts we saw last year and taking rates higher than since October 2011. Between 8 & 13 mths (High-Low) , then Provider Name (Alphabetical) . Please choose your network from the available options to log inThere are no other fees or ongoing charges involved. Deposit Power charges a one-off fee to issue the deposit bond. Our deposit bonds are digital and delivered to you within seconds of being issued. There are 2 ways to qualify for a deposit bond with a term of up to 6 months.Generally this process will be simpler if you’re already an existing customer with the financial institution offering the term deposit you’re interested in. Some financial institutions may even offer a bonus on the interest rate if you already hold an account with them or meet other eligibility requirements. You may be able to select how frequently the interest is paid on your term deposit.We’ve been issuing deposit bonds in Australia for over 30 years. General Information and Terms and Conditions for Term Deposits and Electronic Banking are available here or from any branch of the Commonwealth Bank. Personal and SMSF customers can access this special offer online via NetBank and the CommBank App, or visit their nearest branch.Fees for long-term deposit bonds are based on the deposit bond amount and term required. Rather than scrambling to provide a large upfront cash deposit, a deposit bond allows you to move quickly and confidently to secure the perfect property. Fixed return – With a fixed interest rate over a fixed term, you’ll know exactly how much you’re going to earn. You may win multiple prizes across the Promotion Period, provided you meet the Entry Requirements for each relevant Monthly Qualification Period.Deposits of up to a total of $250,000 per account holder, per ADI in Australia are protected under the FCS. Alternatively, you can head into a local branch (if one is available) or contact the institution over the phone. Once you’ve decided how much money you want to invest, at a set term deposit rate, you can usually complete an application form online.Then by adding it to the initial investment amount, you would have a total of $11,616 by the end of the 5-year term. The compound frequency, the number of compounding periods and the interest rate will determine the amount of interest earned. The provision of these links does not constitute a recommendation by Canstar. Canstar is not providing a recommendation for your individual circumstances. Consider whether this general financial advice is right for your personal circumstances. If you are unsure about any terms used in the comparison table please refer to the glossary.Present the digital deposit bond to the seller or real estate agent instead of a cash deposit when signing the contract of sale. gen-europe ’ll receive approval almost immediately and your digital deposit bond will be delivered to your device within minutes. Submit your application to Deposit Power with details about the property purchase and your financial position. Deposit sth in/into sth You can choose to have your salary deposited directly into your bank account.