Compare term deposits
Compare term deposits with Mozo to find the best account for your needs. Skip straight to our popular term deposits in the table below, or go the whole hog and compare all term deposits now.
Popular term deposits
| Interest rate* | Key features | ||
|---|---|---|---|
RaboPlus
|
7.40% (5 year (annual interest)) |
Earn up to 7.40% p.a. from Australia's safest bank. Start from a low $1,000. | Go to site |
Citibank
|
6.30% (270 day rate) |
6.30% p.a. available on any term between 6-12 months | Go to site |
Newcastle Permanent
|
6.30% (270 day rate) |
Financially the strongest building society in Australia in terms of credit ratings. Minimum deposit $5000. | Go to site |
Big Sky
|
6.25% (1 year (annual interest)) |
Deposit before 31 March 2010 to automatically go in the draw to win a Flight Centre travel voucher valued at $5,000. | Go to site |
ING DIRECT
|
6.00% (180 day rate) |
balances up to $1 million will be guaranteed by the Australian Government for free until 12 October 2011 | Go to site |
*based on a $25,000 deposit. Different interest rates apply to different amounts or different interest payment frequencies. |
|||
| Interest rate* | Key features | ||
|---|---|---|---|
|
ING DIRECT
|
5.75% | balances up to $1 million will be guaranteed by the Australian Government for free until 12 October 2011 | Go to site |
Macquarie
|
5.50% | Investments between $10,000 to $1 million. Set your own maturity date. | Go to site |
|
Big Sky
|
5.25% | Deposit before 31 March 2010 to automatically go in the draw to win a Flight Centre travel voucher valued at $5,000. | Go to site |
|
RaboPlus
|
5.00% | From Australia's safest bank. Start from a low $1,000. | Go to site |
Suncorp
|
5.45% | An everyday transaction account, with flexiRates, which let you lock away a portion of your balance at a higher fixed interest rate for a period of your choice. | Go to site |
*based on a $25,000 deposit. Different interest rates apply to different amounts or different interest payment frequencies. |
|||
| Interest rate* | Key features | ||
|---|---|---|---|
|
Citibank
|
6.30% | 6.30% p.a. available on any term between 6-12 months | Go to site |
|
ING DIRECT
|
6.00% | balances up to $1 million will be guaranteed by the Australian Government for free until 12 October 2011 | Go to site |
|
Big Sky
|
6.00% | Deposit before 31 March 2010 to automatically go in the draw to win a Flight Centre travel voucher valued at $5,000. | Go to site |
|
Macquarie
|
6.00% | Investments between $10,000 to $1 million. | Go to site |
|
RaboPlus
|
6.00% | From Australia's safest bank. Start from a low $1,000. | Go to site |
*based on a $25,000 deposit. Different interest rates apply to different amounts or different interest payment frequencies. |
|||
| Interest rate* | Key features | ||
|---|---|---|---|
|
Citibank
|
6.30% | 6.30% p.a. available on any term between 6-12 months | Go to site |
|
RaboPlus
|
6.30% | From Australia's safest bank. Start from a low $1,000. | Go to site |
|
Big Sky
|
6.25% | Deposit before 31 March 2010 to automatically go in the draw to win a Flight Centre travel voucher valued at $5,000. | Go to site |
|
Macquarie
|
6.00% | Investments between $10,000 to $1 million. Set your own maturity date. | Go to site |
|
ING DIRECT
|
5.80% | balances up to $1 million will be guaranteed by the Australian Government for free until 12 October 2011 | Go to site |
*based on a $25,000 deposit. Different interest rates apply to different amounts or different interest payment frequencies. |
|||
| Interest rate* | Key features | ||
|---|---|---|---|
|
RaboPlus
|
6.50% | From Australia's safest bank. Start from a low $1,000. | Go to site |
|
Big Sky
|
6.25% | Deposit before 31 March 2010 to automatically go in the draw to win a Flight Centre travel voucher valued at $5,000. | Go to site |
|
Macquarie
|
6.10% | Investments between $10,000 to $1 million. | Go to site |
|
ING DIRECT
|
5.80% | balances up to $1 million will be guaranteed by the Australian Government for free until 12 October 2011 | Go to site |
*based on a $25,000 deposit. Different interest rates apply to different amounts or different interest payment frequencies. |
|||
| Interest rate* | Key features | ||
|---|---|---|---|
|
RaboPlus
|
7.40% | Earn up to 7.40% p.a. from Australia's safest bank. Start from a low $1,000. | Go to site |
|
Citibank
|
7.25% | Available in a wide range of currencies | Go to site |
*based on a $25,000 deposit. Different interest rates apply to different amounts or different interest payment frequencies. |
|||
Compare all term deposits
- Search the term deposit market at a glance
- Shortlist your finalists to compare head-to-head
- Apply for the product that best fits your needs
Highest rate term deposits
- - based on a $25,000 deposit over a 180 day term
-
1.6.30%Citibank
-
2.6.15%Suncorp
-
2.6.15%Suncorp
-
4.6.00%RaboPlus
-
4.6.00%ING DIRECT
-
1.6.30%Citibank
-
2.6.25%Rural Bank
-
2.6.25%Rural Bank
-
2.6.25%Bank of Queensland
-
5.6.15%Suncorp
-
1.5.50%ANZ
-
2.3.65%NAB
-
3.2.50%Westpac
-
4.2.45%Commonwealth Bank
-
5.2.00%St George
Special offers
Featured term deposit review
UBank term deposits
Overall rating: 9 / 10
I love the great interest rate and the loyalty is an added incentive. Customer service by phone is really good & staff are very helpful. They advise you about new products as they become available but there is no real sales pitch or pressure involved.
–
Jenny from New South Wales
- Search our term deposit reviews
- Review your bank
Best term deposit providers
- - as rated by the Mozo community
- Rating
out of 10 - 8.4
- 8.2
- 8.1
- 7.4
- 7.3
Most recent term deposit reviews
Commonwealth Bank term deposits
-
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 1 day ago
Commonwealth Bank term deposits
-
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 1 day ago
Bendigo Bank term deposits
-
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 1 day ago
See all term deposits reviews
Term deposit articles
- – all the latest term deposit info
Australians urged to compare term deposits as interest rates are slashed
Tuesday 16 March 2010The big four banks have lowered interest rates on some of their fixed-term deposits, thereby reducing returns for savers.
Read more...Gender pay gap remains wide
Monday 08 March 2010Australian women are still earning an average of 17 per cent less than men, new figures show.
Read more...- Subscribe to the term deposit RSS feed
Term deposit calculators
Crunch numbers with our handy tools
- Term deposit calculator
"How much will my term deposit be worth?"
Term deposits information
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 guard 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 compare term deposits with ease. Our database has all the latest deposit interest rates and covers all the main financial institutions, including ING term deposits, BankWest term deposits, Raboplus term deposits and more.
You can also get the inside story on the best deals from those in the know with term deposit reviews by the Mozo community.
Term deposit comparison
Whether you’re looking for a short term or long term deposit account, our nifty comparison tools let you quickly filter and compare term deposits according to the features you want.
You can shortlist term deposits and compare your selection 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.
Deposit terms range from as little as 30 days to three years or more. Term deposit rates differ according to the length of the term and the amount you are investing, so it pays to shop around for the best deposit term and interest rate for your situation.
Term deposit features
Banks calculate and pay term deposit interest in different ways, such as daily, monthly, quarterly and annually. Trying to compare term deposits in this way is enough to give anyone a headache, but choosing 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.
Mozo lets you filter and compare term deposits according to the type of features you want, such as how frequently interest is paid and whether early withdrawal is allowed.
Follow Mozo on: