Bendigo Bank Term Deposit Rates: The Full Table (2026)

Bendigo Bank term deposit rates currently peak at 5.00% p.a. for a 12-month term, but a major comparison site still shows a completely different, much lower set of numbers. Here’s the full rate ladder, the deposit tier that actually matters, and why one big-name guide gets this wrong.

Quick Answer: Bendigo Bank Term Deposit Rates

Bendigo Bank term deposit rates for August 2026 run from 2.75% p.a. on a 3-month term up to 5.00% p.a. on a 12-month term, for deposits of $5,000 or more. Finder, a major comparison brand, still shows a separate under-$5,000 tier paying just 0.05% to 0.15% p.a. — but that page is a year out of date and easy to mistake for Bendigo’s real, current rates. No single source shows every term from 3 months to 5 years together, so this table merges Bendigo’s own rate page with the more detailed comparison-site figures.

1. The Full Bendigo Bank Term Deposit Rate Table

• 3 months: 2.75% p.a.
• 4 months: 3.60% p.a.
• 6 months: 3.00% p.a.
• 8 months: 4.40% p.a.
• 12 months: 5.00% p.a., the highest rate on offer
• 24 months: 4.50% p.a.
• 36 months: 3.00% p.a.
• 60 months: 3.00% p.a.

2. Why Finder Shows Such Different Numbers

• Finder’s page targets a different, smaller tier. So its listed rates of 0.05% to 0.15% p.a. only apply to deposits under $5,000, not Bendigo’s main product.
• That page is also a year stale. Finder last updated its figures around August 2025, well before Bendigo’s current rate card took effect.
• Two live, current sources agree on the real numbers. Meanwhile, Bendigo’s own rate page and a comparison site both independently confirm 5.00% p.a. as the 12-month peak.
• Always check the deposit tier before comparing rates. So a headline figure that looks tiny might just belong to the wrong bracket entirely.

3. Why 12 Months Beats Every Other Term

• The 1-year rate is the clear peak. At 5.00% p.a., 12 months currently pays more than every shorter or longer term Bendigo offers.
• Rates don’t climb in a straight line after that. Instead, 24 months drops to 4.50%, then 36 and 60 months fall further to just 3.00%.
• This breaks the usual assumption. Many savers expect longer lock-ins to pay more. But Bendigo’s current curve rewards the 1-year term specifically.
• Locking in for a year currently makes the most sense. So unless a longer-term goal genuinely requires it, the 12-month rate is hard to beat right now.

4. The Deposit Tier That Actually Matters

• Two tiers exist, and the gap between them is huge. A $1,000 minimum gets an account open, but the real rates only start at $5,000.
• Below $5,000, rates barely register. So a small deposit still earns close to nothing, even at Bendigo’s best advertised terms.
• $5,000 is the number worth aiming for. Once a deposit clears that threshold, the full 2.75-5.00% range becomes available.
• Deposits go up to $5 million at the competitive tier. So this account still suits everyday savers as well as much larger balances.

For related reading, see our guides to Judo Bank Term Deposit Rates: The Full Table and Why It’s Shaped This Way and St George Term Deposit Rates: The Full Table, Verified Against Three Conflicting Sources.

FAQ: Bendigo Bank Term Deposit Rates

What is Bendigo Bank’s current highest term deposit rate?
5.00% p.a. on a 12-month term, for deposits of $5,000 or more, based on Bendigo’s own rate page and a cross-checked comparison site, both current as of August 2026.

Why does Finder show a different Bendigo Bank term deposit rate?
Finder’s page is a year out of date and covers a separate under-$5,000 tier, where rates sit at just 0.05% to 0.15% p.a. It doesn’t reflect Bendigo’s current, competitive rates.

What is the minimum deposit for a Bendigo Bank term deposit?
$1,000 opens an account, but rates stay near zero below $5,000. $5,000 is the real minimum for the competitive 2.75-5.00% range.

Do longer Bendigo Bank term deposits pay higher rates?
No. The 12-month term currently pays the highest rate at 5.00% p.a. Meanwhile, 3-year and 5-year terms drop to just 3.00% p.a.

Which Bendigo Bank term deposit length pays the least?
The 3-month term currently pays the lowest rate at 2.75% p.a., even less than the 3-year and 5-year terms.

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