term deposit reviews

Read the latest term deposit reviews from the Mozo community. Thousands of Australians have reviewed their term deposit provider to give you the inside story on everything from interest rates to customer service.

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Term deposit reviews

Commonwealth Bank term deposit 

  • Overall Rating

    9

  • Pricing

    10

  • Product Features

    8

  • Customer Service

    10

  • Convenience

    10

  • Trust

    9

They make you feel like family, not treating you like they just want your money. Rather, they want to help you to invest your own money. – Linda Janse van Rensburg from Victoria, a Commonwealth Bank term deposit customer.   Reviewed about 10 hours ago

Commonwealth Bank term deposit 

  • Overall Rating

    3

  • Pricing

    5

  • Product Features

    2

  • Customer Service

    1

  • Convenience

    7

  • Trust

    3

One of the features is that my funds get to grow but I cant touch it for a specific amount of time that I choose. – Prue from Queensland, a Commonwealth Bank term deposit customer.   Reviewed about 10 hours ago

Bendigo Bank term deposit 

  • Overall Rating

    9

  • Pricing

    7

  • Product Features

    5

  • Customer Service

    10

  • Convenience

    8

  • Trust

    9

Good interest rates, choice, and correspondence. Nothing to dislike. – Beverley from New South Wales, a Bendigo Bank term deposit customer.   Reviewed about 10 hours ago

ANZ term deposit 

  • Overall Rating

    6

  • Pricing

    5

  • Product Features

    6

  • Customer Service

    7

  • Convenience

    8

  • Trust

    7

I like their online facilities. – Linda from New South Wales, an ANZ term deposit customer.   Reviewed about 11 hours ago

Westpac term deposit 

  • Overall Rating

    8

  • Pricing

    8

  • Product Features

    6

  • Customer Service

    8

  • Convenience

    8

  • Trust

    9

no fees and a real live manager to deal with – Norm from New South Wales, a Westpac term deposit customer.   Reviewed 10 days ago

NAB term deposit 

  • Overall Rating

    2

  • Pricing

    3

  • Product Features

    3

  • Customer Service

    2

  • Convenience

    3

  • Trust

    2

Local branch moved, no longer convenient; business banking center not interested in you as a customer unless you have a loan with them, a normally operated account is not enough to attract their interest or even to get them to return phone calls; – Kerry from New South Wales, a NAB term deposit customer.   Reviewed 13 days ago

Commonwealth Bank term deposit 

  • Overall Rating

    8

  • Pricing

    7

  • Product Features

    4

  • Customer Service

    8

  • Convenience

    9

  • Trust

    8

Commonwealth bank is the best bank i have ever seen, they have nice staff which are very helpful and patient. – quan from New South Wales, a Commonwealth Bank term deposit customer.   Reviewed 13 days ago

BankWest term deposit 

  • Overall Rating

    8

  • Pricing

    8

  • Product Features

    8

  • Customer Service

    6

  • Convenience

    5

  • Trust

    8

High interest rates when compared to the big 4. – ravi from New South Wales, a BankWest term deposit customer.   Reviewed 13 days ago

Commonwealth Bank term deposit 

  • Overall Rating

    8

  • Pricing

    7

  • Product Features

    5

  • Customer Service

    10

  • Convenience

    10

  • Trust

    10

I like that there are no fees for students. – Alex from New South Wales, a Commonwealth Bank term deposit customer.   Reviewed 13 days ago

HSBC term deposit 

  • Overall Rating

    9

  • Pricing

    7

  • Product Features

    7

  • Customer Service

    6

  • Convenience

    4

  • Trust

    8

Good interest rates. – Gordon from New South Wales, a HSBC term deposit customer.   Reviewed 13 days ago

Commonwealth Bank term deposit 

  • Overall Rating

    8

  • Pricing

    7

  • Product Features

    5

  • Customer Service

    7

  • Convenience

    9

  • Trust

    9

In general, the term deposit rates offered are less competitive than those of other banks. Yet, they do have good interest rates at the moment, compared to the other banks. – Yulianto from New South Wales, a Commonwealth Bank term deposit customer.   Reviewed 13 days ago

St George term deposit 

  • Overall Rating

    7

  • Pricing

    7

  • Product Features

    5

  • Customer Service

    2

  • Convenience

    5

  • Trust

    4

Competitive rates, but not very good customer service. – Rosemary from New South Wales, a St George term deposit customer.   Reviewed 13 days ago

Commonwealth Bank term deposit 

  • Overall Rating

    8

  • Pricing

    6

  • Product Features

    1

  • Customer Service

    8

  • Convenience

    5

  • Trust

    9

The Commonwealth Bank provides customer service which is very convenient and widely available. – A Mozo reviewer from New South Wales, a Commonwealth Bank term deposit customer.   Reviewed 14 days ago

ING DIRECT term deposit 

  • Overall Rating

    7

  • Pricing

    6

  • Product Features

    6

  • Customer Service

    6

  • Convenience

    5

  • Trust

    10

It's okay but I would enjoy a higher interest rate on my account. – Natalie from New South Wales, an ING DIRECT term deposit customer.   Reviewed 19 days ago

Commonwealth Bank term deposit 

  • Overall Rating

    7

  • Pricing

    8

  • Product Features

    5

  • Customer Service

    9

  • Convenience

    7

  • Trust

    8

I like the entertainment provided at the bank e.g. eyetoy etc – Kylie from New South Wales, a Commonwealth Bank term deposit customer.   Reviewed 19 days ago

Commonwealth Bank term deposit 

  • Overall Rating

    5

  • Pricing

    5

  • Product Features

    5

  • Customer Service

    5

  • Convenience

    5

  • Trust

    5

They should really increase the interest rates. So that all the savers can earn more on their investments. Especially as after record breaking low interest rate levels we need an increase in the rates to make people save more. – Nazim from New South Wales, a Commonwealth Bank term deposit customer.   Reviewed 19 days ago

Commonwealth Bank term deposit 

  • Overall Rating

    7

  • Pricing

    7

  • Product Features

    7

  • Customer Service

    8

  • Convenience

    7

  • Trust

    8

It was simple to implement and you can forget about it until it matures. – Denise from Victoria, a Commonwealth Bank term deposit customer.   Reviewed 21 days ago

ANZ term deposit 

  • Overall Rating

    8

  • Pricing

    8

  • Product Features

    7

  • Customer Service

    7

  • Convenience

    8

  • Trust

    8

good return of interest on TD – corsina from Victoria, an ANZ term deposit customer.   Reviewed 27 days ago

Rural Bank term deposit 

  • Overall Rating

    8

  • Pricing

    8

  • Product Features

    8

  • Customer Service

    5

  • Convenience

    9

  • Trust

    7

only trouble I have is when reinvesting principle and interest, the fax number to rural bank is continually engaged, eventually I scan and email the instructions to rural bank. – karen from Queensland, a Rural Bank term deposit customer.   Reviewed 28 days ago

Westpac term deposit 

  • Overall Rating

    7

  • Pricing

    8

  • Product Features

    8

  • Customer Service

    8

  • Convenience

    7

  • Trust

    7

This savings account accumulates interest and goes into another side account and it is easy to access. Earns good interest. – wendy Robertson from Queensland, a Westpac term deposit customer.   Reviewed 28 days ago

ANZ term deposit 

  • Overall Rating

    8

  • Pricing

    8

  • Product Features

    7

  • Customer Service

    10

  • Convenience

    10

  • Trust

    10

I trust ANZ bank and like to recommend its products to other customers. – Yuan from Victoria, an ANZ term deposit customer.   Reviewed 28 days ago

Commonwealth Bank term deposit 

  • Overall Rating

    6

  • Pricing

    5

  • Product Features

    2

  • Customer Service

    8

  • Convenience

    8

  • Trust

    10

I like the security of my capital.CBA is the largest Bank and if it is not secure then none are – Tony from Victoria, a Commonwealth Bank term deposit customer.   Reviewed 28 days ago

Westpac term deposit 

  • Overall Rating

    10

  • Pricing

    10

  • Product Features

    8

  • Customer Service

    9

  • Convenience

    10

  • Trust

    8

great interest rate for 5 months – karyn from Queensland, a Westpac term deposit customer.   Reviewed 28 days ago

BankSA term deposit 

  • Overall Rating

    9

  • Pricing

    9

  • Product Features

    0

  • Customer Service

    9

  • Convenience

    9

  • Trust

    9

So far it's been good with no problems. Staff have been very helpful and thorough. – Di from South Australia, a BankSA term deposit customer.   Reviewed 28 days ago

UBank term deposit 

  • Overall Rating

    10

  • Pricing

    10

  • Product Features

    10

  • Customer Service

    -

  • Convenience

    10

  • Trust

    10

straight forward banking and the best interest rates – allan from Western Australia, an UBank term deposit customer.   Reviewed about 1 month ago

defcredit union term deposit 

  • Overall Rating

    10

  • Pricing

    10

  • Product Features

    9

  • Customer Service

    10

  • Convenience

    9

  • Trust

    10

Thrilled with the current 12 month rate of 6.8%, missed the boat with the big banks in December so thrilled to see it back, and good to be with a credit union. – Talitha from Queensland, a defcredit union term deposit customer.   Reviewed about 1 month ago

Bendigo Bank term deposit 

  • Overall Rating

    7

  • Pricing

    7

  • Product Features

    5

  • Customer Service

    8

  • Convenience

    8

  • Trust

    8

Location Good Interest rate – Alan from Victoria, a Bendigo Bank term deposit customer.   Reviewed about 1 month ago

UBank term deposit 

  • Overall Rating

    10

  • Pricing

    10

  • Product Features

    9

  • Customer Service

    10

  • Convenience

    9

  • Trust

    10

Deposits are essentially with NAB, so as safe. Rates and service are much better than other banks. – Tom from New South Wales, an UBank term deposit customer.   Reviewed 2 months ago

ING DIRECT term deposit 

  • Overall Rating

    10

  • Pricing

    9

  • Product Features

    1

  • Customer Service

    9

  • Convenience

    10

  • Trust

    10

That I can move my money in 24 hours and move as much as I want. – Justine from Victoria, an ING DIRECT term deposit customer.   Reviewed 2 months ago

UBank term deposit 

  • Overall Rating

    10

  • Pricing

    10

  • Product Features

    10

  • Customer Service

    10

  • Convenience

    10

  • Trust

    10

Customer service people are friendly, always around to answer questions even after hours, and easy to use. – Jane from Victoria, an UBank term deposit customer.   Reviewed 2 months ago

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