Term Deposit Awards 2019

Congratulations to the 2019 winners of Mozo Experts Choice Awards for Term Deposits. We’ve compared over 60 term deposits for this year’s awards, so if you want to lock your stash away to grow, whether for the long haul or a short stint, start your search right here.

Experts choice awards hero 2019

What are the Mozo Experts Choice Awards?

Now in their sixth year, the Mozo Experts Choice Awards are here to showcase the deposit products that our experts have determined to offer the best value to Australians.

For the 2019 term deposit awards, Mozo’s money experts compared 62 different term deposits from 62 financial institutions based on data contained in Mozo’s product database.

The best term deposit for your savings depends on how much you have to lock away, and the length of term you’re willing to commit to. For details on how we crunched the numbers and determined the award winners see our methodology report.

Term Deposit

After a detailed analysis of the rates on offer from 62 different deposit-taking institutions over a range of different terms, the experts selected those who consistently outranked their competitors to offer leading rates.

AMP logo
AMP Bank

Term Deposit

Greater Bank logo
Greater Bank

Term Deposit

ING logo
ING

Term Deposit

ME logo
ME

Term Deposit

People's Choice Credit Union logo
People's Choice Credit Union

Term Deposit

RaboDirect logo
RaboDirect

Term Deposit

Short Term Deposit

For those looking specifically at investing for a shorter term to grow their savings stash, our experts pinpointed the term deposit accounts offering top interest rates for terms shorter than 13 months.

Bank of Sydney logo
Bank of Sydney

Term Deposit Online Only

Teachers Mutual Bank logo
Teachers Mutual Bank

Term Deposit

UBank logo
UBank

Term Deposit

UniBank logo
UniBank

Term Deposit

FAQs:

What was the judging criteria for these awards?

The Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to Australian consumers. Our experts base their decision on hard-nosed calculations of value to the consumer, using Mozo’s extensive product database and research capacity. Providers don’t pay to be in the running and we don’t play favourites.

Our award methodology report is available for you to read which includes criteria for each award category and lists all providers considered for awards.

How many products were reviewed by Mozo’s experts for the Awards?

For the 2019 deposits awards, Mozo compared 455 personal banking products, including 161 savings accounts, 107 bank accounts and 62 term deposits, plus 137 business banking products and 88 SMSF products.

To better help Australians narrow down their choice there are several Mozo Experts Choice Awards Categories. Our full methodology report lists out the criteria for each awards category and provides a list of all providers compared for awards consideration.

Who are Mozo’s experts?

Mozo has been researching and comparing financial products since 2008, and thousands of Australians use our comparison services each month. Our research team is headed by our Data Services Director and our Product Data Manager who have over 50 years of financial services experience and 22 years in online financial comparison.

I work for a financial provider, how can I promote our win?

Congratulations! Please get in touch with us to discuss the many ways you can promote your Mozo Experts Choice win by emailing or phoning our advertising sales team on 02 9037 4368.