What are you looking for?
ClientFirst: 1800 517 124
What are you looking for?
ClientFirst: 1800 517 124
Please note that a minimum investment amount of $5,000, restricted access to capital, and strategy terms apply. To invest in maturing investments, please refer to the relevant product document below, noting that not all product offerings from the listed providers are available in Expand.
Interest rates as at 27 April 2026 effective 12.00am AEST
| Provider** | Term | Interest rate* |
|---|---|---|
| NAB | 1 month | 2.60% pa |
| NAB | 2 months | 4.20% pa |
| ANZ | 3 months | 4.97% pa |
| Bendigo Bank | 3 months | 4.10% pa |
| NAB | 3 months | 4.90% pa |
| ANZ | 6 months | 5.10% pa |
| Bendigo Bank | 6 months | 5.18% pa |
| NAB | 6 months | 5.05% pa |
| ANZ | 12 months | 5.20% pa |
| Bendigo Bank | 12 months | 5.00% pa |
| NAB | 12 months | 5.20% pa |
| NAB | 24 months | 5.10% pa |
* Interest rates are generally updated on Monday and are valid until 5pm Thursday of the same week. Interest rates are indicative only and the interest rate applicable to a term deposit may differ from rates shown above. We do not accept any responsibility for any inaccuracy or for investment decisions or any other actions taken by any person on the basis of the information included.
** Bendigo Bank TDs are only available through Expand Extra and are not available on Expand Essential.
Aggregate investment limits have been requested by our Term Deposit providers applicable to Trust and Company account types. For Expand Extra Investment, more details can be found in the 'New investment limits for Term Deposits' flyer (currently being updated).
Challenger Guaranteed Annuity terms, rates and payment frequencies available through Expand Extra for purchase by 5.00pm AEST on Thursday, 7 May 2026:
| Term | Base indicative interest rate1 | Guaranteed additional premium rate2 | Indicative interest rate3 | Interest payment frequency |
|---|---|---|---|---|
| 1 year | 5.18% pa | 0.20% pa | 5.38% pa* | Semi-annual |
| 2 year | 5.45% pa | 0.15% pa | 5.60% pa | Annual |
| 3 year | 5.60% pa | 0.15% pa | 5.75% pa | Annual |
| 4 year | 5.60% pa | 0.15% pa | 5.75% pa | Annual |
| 5 year | 5.60% pa | 0.15% pa | 5.75% pa | Annual |
New purchases of annuities
Clients must have sufficient available cash in their account at the time of purchasing a new annuity request (7 May 2026). If your clients do not have sufficient cash levels on 7 May 2026, their new annuity request may not be honoured and will need to wait until the next Challenger Annuity Offer to place their instruction.
Reinvesting in annuities
When reinvesting, clients must have sufficient available cash or redeemable investments available in their account at the time of processing a new annuity request (7 May 2026). If your clients do not have sufficient available cash or redeemable investments on the 7 May 2026, their new annuity request may not be honoured and will need to wait until the next Challenger Annuity Offer to place their instruction.
1 Effective 13 April 2026. This interest rate is subject to change.
2 The premium is fixed and is not subject to change.
3 This interest rate is subject to change and is dependent upon fluctuations in the base rate. Consequently, the effective rate may differ from the indicative rate. Your final interest rate will be confirmed online before the commencement date of the annuities.
* Semi-annual payment rounded to two decimal places.
