Term deposit rates have come down by around 30 basis points since the start of the month, as deposit-takers adjust to movements in wholesale markets and take advantage of easier competitive conditions.Infochoice data shows that 22 deposit-takers have cut their six-month rates, with the average rate coming down 31 basis points, from 5.66 to 5.35 per cent.Twenty five deposit-takers have cut their nine-month rates, with the average falling 35 basis points, from 5.53 to 5.18 per cent.Forty three deposit-takers have cut their one-year rates, with the average coming down 20 basis points, from 5.94 to 5.74 per cent.Three-year rates have come down an average of 30 basis points, to 5.42 per cent, and five-year rates have come down an average of 36 basis points to an average of 5.65 per cent.Going against the trend, three-month rates have gone up by an average of 19 basis points.With demand for lending subdued, the pressure to raise deposits has eased in recent months. ANZ's chief executive, Mike Smith, said last week: "Competition in deposits has eased a bit."Westpac's chief executive, Gail Kelly, said at a briefing earlier this month: "Deposit growth fully funded lending growth to the end of July. We have been able to retire some debt."The range of deposit rates is very wide, reflecting different funding priorities among deposit-takers.According to Infochoice, the top six-month rate is 6.1 per cent, which is being offered by Big Sky Credit Union. The lowest six-month rate is 2.5 per cent, from ANZ.The top one-year rate is 6.1 per cent, from Victoria Teachers Credit Union. The lowest rate is 2.7 per cent, from Citibank.