Term Deposits | Mozo Experts Choice Awards 2021

Q: What’s the Judging Criteria for the awards?

Since 2014, the Mozo Experts Choice Awards have been recognising products that deliver exceptional value or benefits to consumers. See our methodology report for more detailed information on how we performed term deposit product comparisons and determined the final winners for the Bank Accounts & Savings awards.

Q: Did you compare all term deposits in the market for these awards?

We aim to include most term deposit providers in the market in the Mozo Experts Choice Awards. However, not every financial institution or product on the market will be included in our review. Any product we review must be available in the market at the time of our analysis.

Q: How do I choose the best term deposit account for me?

The best term deposit for your savings depends on how much money you have to lock away, and the length of term you’re willing to commit to. Check out our winners list to set you on the right foot in choosing the term deposit that might be right for you.

Q: Who are the Mozo Experts?

The Mozo Experts Choice Awards analysis is overseen by AJ Duncanson, Mozo’s Data Services Director. AJ is a data scientist and actuary, and has worked in financial services and product comparison for almost three decades. Together with our Product Data Manager, Peter Marshall, the team has over 50 years of financial services experience.

Q: I work for a financial institution, how do we promote our win?

Please get in touch with us to discuss by emailing or phoning our account management team on 02 9037 4368.

What are the Mozo Experts Choice Awards?

Now in their eighth year, the Mozo Experts Choice Awards provide a platform to highlight products in the marketplace we believe offer great value to Australians.

For the 2021 term deposit awards, we analysed 86 personal term deposits issued by 74 Australian financial institutions.

“With the slump in interest rates in 2020 due to Covid-19 and the record low RBA cash rate, it is imperative to shop around and not leave your money stuck in an account earning no interest at all,” said Peter Marshall, Mozo Experts Choice Awards judge.

"All providers considered for these awards are covered by the Govt Deposit Guarantee scheme and our winner’s list for 2021 is a great place to start your search.”

For details on how we crunched the numbers and determined our winners see our 2021 Mozo Experts Choice Awards Bank Accounts & Savings methodology report.

Term Deposit

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Our Term Deposit award identifies the providers that consistently offer personal customers the best interest rates across short, medium, and long term investment options. A huge 73 term deposit accounts were compared head to head and the 2021 award winners are ...

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Frequently Asked Questions

What’s the Judging Criteria for the awards?

Did you compare all term deposits in the market for these awards?

How do I choose the best term deposit account for me?

Who are the Mozo Experts?

I work for a financial institution, how do we promote our win?

Disclaimer

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Our goal at Mozo is to help you make smart financial decisions and our award-winning comparison tools and services are provided free of charge. As a marketplace business, we do earn money from advertising and this page features products with Go To Site links where the provider pays us a fee if you go to their site from ours, or you take out a product with them. You do not pay any extra for using our service.

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'Mozo sort order' refers to the initial sort order and is not intended in any way to imply that particular products are better than others. You can easily change the sort order of the products displayed on the page.

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Term Deposit Awards 2021