To find the most up to date for the best 5 year term deposits head to: Best interest rate for 60 months - 5 year fixed term deposit on the 13th of June 2013 Rabo Direct were offering the highest interest rate with a rate of 4.7% you can get an extra 0.1% if you're a Rabo Direct loyalty member:

Term Deposits with High Interest Rates | RaboDirect Australia

Term Deposits Up to 4.70 % p.a.*
5 yr fixed term

Term Deposits

  • NEW - Get an extra 0.10%p.a. with our Loyalty bonus - you have to roll over savings you already have with Rabo Direct to get this.
  • Set up your Term Deposits online, it's a piece of cake.
  • Interest paid monthly, quarterly, half yearly or yearly
  • Start with as little as $1,000