2025 Term Deposits Awards

Canstar releases its
2025 Term Deposits Awards.

Released: 19 June, 2025

About this year’s awards

Following Canstar’s unique and sophisticated methodology, the bank and customer-owned institutions who achieved the highest cumulative score are awarded the Bank of the Year and Customer-Owned Bank of the Year Awards for Term Deposits.

On top of reviewing the customer journey, Canstar’s Research Team looked at two deposit amounts – $25,000 and $75,000 – across a range of terms from one month to five years, using six months of historical interest rate data. You can learn about the full details in our methodology.

Congratulations to the winning brands

Judo Bank
Bank of the Year Award – Term Deposits

Judo Bank has won Bank of the Year – Term Deposits for the sixth  year in a row. The bank boasts consistent market leading interest rates across a wide range of time frames and a strong suite of features that includes modern conveniences, such as, adjusting maturity instructions and changing the nominated bank account via both mobile app and online banking.

G&C Mutual Bank
Customer-Owned Bank of the Year Award – Term Deposits

Showing a visible reluctance to reduce interest rates, especially for three-years plus time frames, G&C Mutual Bank has won Customer-Owned Bank of the Year – Term Deposits for the fourth year in a row. Maintaining a broad selection of terms, G&C Mutual Bank offers an attractive proposition in each one. 

Does Canstar rate other products?

About Canstar

Canstar also has insights and information about financial products and services generally. You can find out about topics such as: interest rates, buy now pay later (BNPL), business products and tax. You may also be interested in discovering more about calculators and resources, such as our rate checker and free credit score tool, to help you with your financial decision-making.

About: Josh Sale, Group Manager, Research & Ratings

Bachelor of Commerce, Economics/Finance dual major, Griffith University. Master of Data Science, Strategy and Leadership, RMIT (ongoing studies)

Joshua Sale is responsible for developing the methodology and delivering Canstar’s flagship Star Ratings, as part of Canstar’s Research team. With tertiary qualifications in economics and finance, he enjoys helping Australians find more suitable financial products by transforming complex calculations into a consumer-friendly Star Rating that explains the values and benefits of different financial products.

As one of Canstar’s company spokespeople, Joshua has participated in print, radio and broadcast interviews with the likes of the Australian Financial Review, news.com.au and Money magazine, along with other leading media outlets, discussing topics such as home loan equity, banking incentive schemes, digital wallets and wider finance trends.

Joshua is known for his ability to simplify complex products and technical information, crunching the data into meaningful insights for consumers about finance. He has analysed several consumer markets across banking, insurance and wealth, and is keenly interested in various topics, ranging from how Australians interact with their superannuation funds, to the dynamic nature of the health insurance market, and collecting and redeeming credit card reward points.

Joshua believes that knowledge is the first step towards empowerment. Even while studying, he facilitated peer-assisted study sessions for economics, and represented his University’s Business School in an academic committee.

You can follow Josh on LinkedIn, and Canstar on X and Facebook.