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Term deposits

Looking to lock away some cash for the short or long term? Mozo can help you get the best return on your money. Our whole market comparisons will help you find the best term deposit for your investment needs.

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  • We compare 68 term deposits from 64 banks

  • We update term deposit information on our site daily

  • You can read unbiased term deposit reviews on Mozo

    • Bankwest Online Term Deposit
      • No fees
      • Invest anything from $1,000 to $5 million
      • 100% secure online application process
    • interest rate*

      3.75%
      6 months

    • Go to site
    More info
    • Suncorp flexiRate
      • Easy to 'activate' in internet banking
      • You choose the 'lock-away' period
      • Easy option to 'renew' at each period's close
    • interest rate*

      3.45%
      6 months

    • Go to site
    More info
    • AMP Term Deposit
      • No account fees
      • Decent returns earning interest on your savings
      • Interest payable every one, three or six months (special conditions or reduced rates apply)
    • interest rate*

      3.40%
      6 months

    • Go to site
    More info

*Different interest rates apply to different amounts or different interest payment frequencies.

  • Term deposit reviews

      • Bendigo Bank

        Bendigo Bank term deposit review

        Quick, efficient, trustworthy service

        1. Overall customer rating
        2. (Reviewed 12 days ago)

        Great service and the provider stayed on task - they provided us with what we wanted not what they wanted to sell us.  Full review 

        Great service and the provider stayed on task - they provided us with what we wanted not what they wanted to sell us.


          1. Price
          1. Features
          1. Customer service
          1. Convenience
          1. Trust
        Less
        Bendigo Bank term deposit review by Marilynne from Victoria

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      • St.George

        St.George term deposit review

        St George is the bank for me

        1. Overall customer rating
        2. (Reviewed 12 days ago)

        My term deposits at St George satisfy me and my husband. Their interest rates are comparable to those of other organisations. It is also great that you get to know some of the staff, thus ensuring friendly smiles on every visit.  Full review 

        My term deposits at St George satisfy me and my husband. Their interest rates are comparable to those of other organisations. It is also great that you get to know some of the staff, thus ensuring friendly smiles on every visit.


          1. Price
          1. Features
          1. Customer service
          1. Convenience
          1. Trust
        Less
        St.George term deposit review by Patricia from New South Wales

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      • ME Bank

        ME Bank term deposit review

        Safest return

        1. Overall customer rating
        2. (Reviewed 14 days ago)

        Offer the highest & safest return of any bank. People need to be aware that if they live outside a capital city they will have difficulty setting up an account.  Full review 

        Offer the highest & safest return of any bank. People need to be aware that if they live outside a capital city they will have difficulty setting up an account.


          1. Price
          1. Features
          1. Customer service
          1. Convenience
          1. Trust
        Less
        ME Bank term deposit review by Neil from Victoria

        1 person found this review helpful – do you? Yes flag

    • Finding the best return for your investment

      Term deposits might not be the sexiest investment, but they do offer a safe haven in choppy financial seas. In these days of economic uncertainty, term deposits are gaining popularity as a safe place to park spare cash and fix against future interest rate falls.

      Finding the best term deposits rates on the market can be a time consuming exercise, but Mozo can help you weigh them up with ease. Our database has all the best Australian term deposit rates and covers all the main financial institutions, including: the Commonweath Bank, NAB, Westpac, ANZ

      You'll also find top bank term deposits from Australia's leading challenger brands such as: ING DIRECT , Bankwest, UBank. With these great tools, you can compare term deposit rates Australia wide

      You can also get the inside story on the best deals from those in the know with reviews by the Mozo community.

    • Finding the best rate for the right time period

      Whether you're looking for a 6 month or 5 year account, our nifty comparison tools let you quickly filter and compare term deposits according to the features and fixed term you want. You can shortlist term deposits and compare your rates, fees and features side-by-side to pick a winner.

    • Finding the best term deposit rates

      Before you compare term deposits, remember that your money will be locked away from reach for the length of the term. Make sure that you won't need to access your cash before the term is up, as early withdrawal fees can be harsh.

      Fixed deposit terms range from as little as 30 days to three years or more. Interest rates differ according to the length of the term and the amount you are investing, so it pays to shop around for the best interest rates for terms applicable for your situation.

      It is work crunching the numbers with a term deposit calculator to find best rates that Australian banks can offer you. By using our calculator to make a term deposit rates comparison, you can also see how much your investment will be worth at the end of the investment period and compare this with high interest savings accounts rates.

    • Interest rates across Australia

      Banks calculate and pay interest for deposits in different ways, such as daily, monthly, quarterly and annually. Trying to compare term deposit rates in this way is enough to give anyone a headache, but finding the best rate for a situation, you'll get a deposit product that pays interest frequently and automatically rolls the interest back in will give you a bigger pot of gold at the end of the rainbow.

      So for the best term deposit interest rates in Australia, set aside a little time to work out what you want from your fixed term investment and use our online quide to compare term deposit interest rates.

      This pages is about personal term deposits, head over to our business banking section if you're after business deposits.

  • Term deposit calculators

    Crunch numbers with our handy calculators.
  • Term deposit guides

    Don't get locked in a dud term deposit. Get the best account and highest savings interest tips with our handy guides.

  • Community

    Keep up to date with the latest news or get your term deposit questions answered by the money mavens on Mozo Answers.