MOVE Bank offers a wide range of term deposit options with a $5000 minimum deposit. The best rate is 5.5% p.a. on the 11-month term, paid at maturity. Rates peak at the 7-month and 11-month terms, then settle at 5.3% p.a. for longer terms from 13 months to 2 years, paid annually. Shorter terms from 3 to 4 months offer 4.95% p.a.
Deposits with MOVE Bank are protected under the Financial Claims Scheme up to $250,000 per account holder per ADI.