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.
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
Overall Rating
8Pricing
8Product Features
6Customer Service
8Convenience
8Trust
9no fees and a real live manager to deal with – Norm from New South Wales, a Westpac term deposit customer. Reviewed 9 days ago
Overall Rating
2Pricing
3Product Features
3Customer Service
2Convenience
3Trust
2Local 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 12 days ago
Overall Rating
8Pricing
7Product Features
4Customer Service
8Convenience
9Trust
8Commonwealth 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 12 days ago
See all term deposits reviewsAustralian women are still earning an average of 17 per cent less than men, new figures show.
People who invest their super savings in retail funds stand to lose $120 billion over the next decade, a report has said.
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"How much will my term deposit be worth?"
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.
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