--- title: "Business Term Deposit — Bank of Melbourne" description: "Term Deposits from Bank of Melbourne. Rates, fees, features and eligibility as published under Australia's Consumer Data Right." canonical: https://www.cdrcompare.au/brands/bank-of-melbourne/products/BOMTDBusTermDeposit source: "CDR Compare" language: en-AU last_updated: 2026-08-28T00:57:09Z --- # Business Term Deposit — Bank of Melbourne > Term Deposits from Bank of Melbourne. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare. **Term Deposits** Lock away your money for a period of time and get a guaranteed return ## At a glance - **Fixed rate:** 5.05% (1 year) - **Bonus rate:** 0.1% (conditions apply) ## Deposit rates | Type | Rate | Applies to | Interest paid | | --- | --- | --- | --- | | Fixed · 1 month (Interest paid at maturity · Minimum deposit amount) | 1.4% | 1 Month | at maturity | | Fixed · 2 months (Interest paid at maturity · Minimum deposit amount) | 1.65% | 2 Months | at maturity | | Fixed · 3 months (Interest paid at maturity · Minimum deposit amount) | 3.25% | 3 Months | at maturity | | Fixed · 4 months (Interest paid at maturity · Minimum deposit amount) | 3.4% | 4 Months | at maturity | | Fixed · 5 months (Interest paid at maturity · Minimum deposit amount) | 3.45% | 5 Months | at maturity | | Fixed · 6 months (Interest paid at maturity · Minimum deposit amount) | 3.4% | 6 Months | at maturity | | Fixed · 7 months (Minimum deposit amount) | 3.55% | 7 Months | at maturity | | Fixed · 8 months (Minimum deposit amount) | 3.6% | 8 Months | at maturity | | Fixed · 9 months (Minimum deposit amount) | 3.65% | 9 Months | at maturity | | Fixed · 10 months (Minimum deposit amount) | 3.7% | 10 Months | at maturity | | Fixed · 11 months (Minimum deposit amount) | 3.75% | 11 Months | at maturity | | Fixed · 1 year (Minimum deposit amount) | 4.75% | 12 Months | at maturity | | Fixed · 2 years (Minimum deposit amount) | 4.5% | 24 Months | at maturity | | Fixed · 3 years (Minimum deposit amount) | 4% | 36 Months | at maturity | | Fixed · 4 years (Minimum deposit amount) | 4% | 48 Months | at maturity | | Fixed · 5 years (Minimum deposit amount) | 4% | 60 Months | at maturity | | Fixed · 6 months (Minimum deposit amount) | 3.35% | 6 Months | monthly | | Fixed · 7 months (Minimum deposit amount) | 3.5% | 7 Months | monthly | | Fixed · 8 months (Minimum deposit amount) | 3.55% | 8 Months | monthly | | Fixed · 9 months (Minimum deposit amount) | 3.6% | 9 Months | monthly | | Fixed · 10 months (Minimum deposit amount) | 3.65% | 10 Months | monthly | | Fixed · 11 months (Minimum deposit amount) | 3.7% | 11 Months | monthly | | Fixed · 1 year (Minimum deposit amount) | 4.7% | 12 Months | monthly | | Fixed · 13 months (Minimum deposit amount) | 4.7% | 13 Months | monthly | | Fixed · 2 years (Minimum deposit amount) | 4.45% | 24 Months | monthly | | Fixed · 3 years (Minimum deposit amount) | 3.95% | 36 Months | monthly | | Fixed · 4 years (Minimum deposit amount) | 3.95% | 48 Months | monthly | | Fixed · 5 years (Minimum deposit amount) | 3.95% | 60 Months | monthly | | Fixed · 1 year (Minimum deposit amount) | 4.7% | 12 Months | every 6 months | | Fixed · 13 months (Minimum deposit amount) | 4.7% | 13 Months | every 6 months | | Fixed · 2 years (Minimum deposit amount) | 4.45% | 24 Months | every 6 months | | Fixed · 3 years (Minimum deposit amount) | 3.95% | 36 Months | every 6 months | | Fixed · 4 years (Minimum deposit amount) | 3.95% | 48 Months | every 6 months | | Fixed · 5 years (Minimum deposit amount) | 3.95% | 60 Months | every 6 months | | Fixed · 1 year (12 month offer available for a limited time only on Term Deposits opened or renewed by existing Bank of Melbourne personal or business customers. · Minimum deposit amount) | 5.05% | 12 Months | at maturity | | Bonus · 1 year (PLUS, an additional 0.10% p.a. online bonus offer2 when you open or renew online · Online only) | 0.1% | — | at maturity | ## Features - **The reassurance of a guaranteed return on your investment.** - **Avoid market fluctuations with a specific amount locked away at a fixed interest rate (with no immediate access to funds during the term)** - **Choose a term length that matches your business cycle** - **Add 0.10% p.a. to these rates if you're already with Bank of Melbourne and opening or renewing online. It?s only available to existing customers who bank online and in the app. ** - **Earn Interest: Interest can be paid at maturity, annually, half yearly or monthly.** - **Flexibility : Flexible maturity options from 1 month to 5 years.** - **Business customers are eligible to open an account and can open account either by Branch, Phone, online.** - **Opening Confirmation, Maturity, Reinvestment and Repayment advices are sent as regular advices** - **Digital banking** (Internet Banking, Phone Banking, Branch banking , Bank @post options are available) - **Interest payment options are available** ## Eligibility - **Minimum age** — 18 years (18+ years old) - **Business customers** (Operating in Australia with an Australian address.) - **You must be an existing Bank of Melbourne banking customer** - **Online application and online bonus rate available for personal customers and sole traders only.** ## Constraints - **Minimum balance** — $1,000.00 (Minimum Opening Balance) - **Maximum balance** — $2,000,000.00 (Maximum Balance) ## More information from Bank of Melbourne - [Overview](https://www.bankofmelbourne.com.au/business/bank-accounts/fixed-term-deposit) - [Terms & conditions](https://www.bankofmelbourne.com.au/content/dam/bom/downloads/personal/Term_Deposits_TandC.pdf) - [Eligibility](https://www.bankofmelbourne.com.au/business/bank-accounts/fixed-term-deposit) - [Fees & pricing](https://www.bankofmelbourne.com.au/business/bank-accounts/fixed-term-deposit) ## Data provenance - Published by Bank of Melbourne under the Consumer Data Right - Product ID: `BOMTDBusTermDeposit` - Last updated by the provider: 28 August 2026 - Source payload (JSON): https://www.cdrcompare.au/api/raw/bank-of-melbourne/BOMTDBusTermDeposit - Provider page: https://www.cdrcompare.au/brands/bank-of-melbourne - CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000142 --- Source: [CDR Compare](https://www.cdrcompare.au/brands/bank-of-melbourne/products/BOMTDBusTermDeposit) — product data published by Australian data holders under the Consumer Data Right. 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