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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.

  • We compare 69 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*

      4.10%
      3 years

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    • ING DIRECT Term Deposit
      • No ING DIRECT fees, ever
      • Deposit from $10K to $5 million
      • Loyalty Bonus Rate on rollover
    • interest rate*

      4.00%
      2 years

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    More info
    • Westpac Term Deposit
      • No set up, monthly service or management fees
      • PIck the term from one week to 5 years
      • Choose to invest from $5,000 or more
    • interest rate*

      4.00%
      3 years

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    More info
    • St.George Term Deposit
      • Terms from 1 month up to 5 years
      • No set up or monthly service fees
      • Interest paid at maturity
    • interest rate*

      3.90%
      2 years

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    More info
    • ING DIRECT Term Deposit
      • No ING DIRECT fees, ever
      • Deposit from $10K to $5 million
      • Loyalty Bonus Rate on rollover
    • interest rate*

      3.70%
      11 months

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

      3.70%
      8 months

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    • BankSA Term Deposit
      • Earn interest on balances from $1,000 to 5 million
      • No set up or monthly service fees
      • Apply online
    • interest rate*

      3.25%
      4 months

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    • Bank of Melbourne Term Deposit
      • No set up fees
      • $1,000 minimum investment for a minimum term of 1 month
      • Apply online and use BPAY to fund your opening deposit
    • interest rate*

      3.25%
      4 months

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    More info

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

  • Term deposit reviews

      • Commonwealth Bank term deposit review

        First class customer service

        1. Overall customer rating
        2. (Reviewed 6 minutes ago)

        Very helpful and attentive to my requests.  Full review 

        Very helpful and attentive to my requests.


          1. Price
          1. Features
          1. Customer service
          1. Convenience
          1. Trust
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        Commonwealth Bank term deposit review by a Mozo reviewer from New South Wales

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      • New England Credit Union term deposit review

        Not that competitive

        1. Overall customer rating
        2. (Reviewed 16 minutes ago)

        You really need to shop around for interest rates right up to the day of re-investment. The rates sent out to you in the mail change by the time re-investment is ready. I would rather a phone call to sort out re-investment close to the date.  Full review 

        You really need to shop around for interest rates right up to the day of re-investment. The rates sent out to you in the mail change by the time re-investment is ready. I would rather a phone call to sort out re-investment close to the date.


          1. Price
          1. Features
          1. Customer service
          1. Convenience
          1. Trust
        Less
        New England Credit Union term deposit review by a Mozo reviewer from New South Wales

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      • Commonwealth Bank term deposit review

        Great customer service

        1. Overall customer rating
        2. (Reviewed 18 minutes ago)

        I made a term deposit, was helped quickly and efficiently and explained lots of things to me.  Full review 

        I made a term deposit, was helped quickly and efficiently and explained lots of things to me.


          1. Price
          1. Features
          1. Customer service
          1. Convenience
          1. Trust
        Less
        Commonwealth Bank term deposit review by a Mozo reviewer from New South Wales

        Was this review helpful? 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.