Bank Australia term deposit reviews

Bank Australia
Bank Australia's overall rating for term deposits

(as rated by the Mozo community)

8.5 / 10

based on 21 reviews

Price

Features

Customer service

Convenience

Trust

Featured term deposit from Bank Australia

Recent Bank Australia term deposit reviews

Bank Australia

Bank Australia term deposit review

Overall rating   10 / 10

Leading Interest Rates, and professional advice.

Bank Australia has everything I want, and gives me everything I need.

Full review

Bank Australia has everything I want, and gives me everything I need.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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John, Queensland, reviewed 7 months ago

Bank Australia

Bank Australia term deposit review

Overall rating   10 / 10

Leading Interest Rates, and professional advice.

Bank Australia has everything I want, and gives me everything I need.

Full review

Bank Australia has everything I want, and gives me everything I need.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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John, Victoria, reviewed 7 months ago

Bank Australia

Bank Australia term deposit review

Overall rating   9 / 10

Awesome Service

Fantastic bank, love the fact that its owned by the customers, staff are awesome, just needs more branches. Relatively new bank so that will come with time, hopefully.

Full review

Fantastic bank, love the fact that its owned by the customers, staff are awesome, just needs more branches. Relatively new bank so that will come with time, hopefully.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   7 / 10

    Trust   9 / 10

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Malcolm, Queensland, reviewed over 3 years ago

Bank Australia

Bank Australia term deposit review

Overall rating   3 / 10

Pretty good face to face service, sometimes lacks

They are not fair. To gain maximum interest rate, you MUST transfer money from the account via the internet. Therefore people without access to the internet cannot operate the account and get the same amount of interest as those with electronic...

Full review

They are not fair. To gain maximum interest rate, you MUST transfer money from the account via the internet. Therefore people without access to the internet cannot operate the account and get the same amount of interest as those with electronic devices. Where is the fairness in that? Not everyone can afford electronic devices!!

    Price   5 / 10

    Features   3 / 10

    Customer service   3 / 10

    Convenience   7 / 10

    Trust   3 / 10

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Ronda, Victoria, reviewed almost 4 years ago

Bank Australia

Bank Australia term deposit review

Overall rating   7 / 10

Awesome

They were cool

Full review

They were cool

    Price   7 / 10

    Features   6 / 10

    Customer service   7 / 10

    Convenience   5 / 10

    Trust   4 / 10

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Fogged , , reviewed about 4 years ago

Bank Australia

Bank Australia Term Deposit term deposit review

Overall rating   9 / 10

Great customer service, extremely competitive rate

I've compared other interest rates from other providers and they are NEVER as competitive.

Full review

I've compared other interest rates from other providers and they are NEVER as competitive.

    Price   10 / 10

    Features   7 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   10 / 10

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Name not supplied, Australian Capital Territory, reviewed over 5 years ago

Bank Australia

Bank Australia Term Deposit term deposit review

Overall rating   10 / 10

Great customer experience from BankMECU

Bank MECU is the best banking institution I have ever banked with as they are interested in the customer first. And that is not just a line or slogan.

Full review

Bank MECU is the best banking institution I have ever banked with as they are interested in the customer first. And that is not just a line or slogan.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Name not supplied, New South Wales, reviewed over 5 years ago

Bank Australia

Bank Australia term deposit review

Overall rating   9 / 10

This term deposit offers great interest rates, highly recommended compared to the major banks. The staff are always friendly, no long queues, can't do enough for you, personalized service, provide reply paid envelopes to send cheques in easily,...

Full review

This term deposit offers great interest rates, highly recommended compared to the major banks. The staff are always friendly, no long queues, can't do enough for you, personalized service, provide reply paid envelopes to send cheques in easily, fantastic bank.

    Price   9 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   9 / 10

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Sabine, Australian Capital Territory, reviewed about 7 years ago

Bank Australia

Bank Australia term deposit review

Overall rating   5 / 10

Been with them for many years, early days as a credit union. Lack of convenience in the few places where they have branches, though can use redi-ATMs. Internet banking as good as anyone else, phone banking similar to others. Interesting to see...

Full review

Been with them for many years, early days as a credit union. Lack of convenience in the few places where they have branches, though can use redi-ATMs. Internet banking as good as anyone else, phone banking similar to others. Interesting to see how they go as a members owned bank.

    Price   6 / 10

    Features   3 / 10

    Convenience   3 / 10

    Trust   5 / 10

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Edmund, Victoria, reviewed about 7 years ago

Bank Australia

Bank Australia term deposit review

Overall rating   9 / 10

Interest rate for my fixed term deposit is excellent

Full review

Interest rate for my fixed term deposit is excellent

    Price   9 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   10 / 10

    Trust   10 / 10

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David, Victoria, reviewed about 7 years ago

Bank Australia

Bank Australia term deposit review

Overall rating   8 / 10

This product has very good rates, with options for short term to long term deposits - at the end of your term, you can choose how long you wish to re-deposit for, depending on the best rates available - the only thing I do not like about this...

Full review

This product has very good rates, with options for short term to long term deposits - at the end of your term, you can choose how long you wish to re-deposit for, depending on the best rates available - the only thing I do not like about this product, is you do not know how much interest you have earned when the renewal comes in.... it does not show at all - its only when you re-invest that it shows up in the principal.

    Price   8 / 10

    Features   6 / 10

    Customer service   8 / 10

    Convenience   6 / 10

    Trust   8 / 10

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Jan, Victoria, reviewed over 7 years ago

Bank Australia

Bank Australia term deposit review

Overall rating   6 / 10

Too many fees to worry about and forms to fill in so spoils the experience.

Full review

Too many fees to worry about and forms to fill in so spoils the experience.

    Price   7 / 10

    Features   6 / 10

    Customer service   7 / 10

    Convenience   7 / 10

    Trust   6 / 10

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Wendy, Victoria, reviewed over 7 years ago

Bank Australia

Bank Australia term deposit review

Overall rating   9 / 10

Have been with MECU since its inception many many years ago. We have never had a complaint. Even when travelling o/s and lost a credit card, the speed and efficiency with which that was handled was amazing and even today, when we tell the story...

Full review

Have been with MECU since its inception many many years ago. We have never had a complaint. Even when travelling o/s and lost a credit card, the speed and efficiency with which that was handled was amazing and even today, when we tell the story people can't believe a bank operates in such a way. Sitting and talking to them in their office and being able to see our files when they open them, talk to them on the phone and they return calls on the same day. We would not move to another bank. We even check with other banks before reinvesting and if they have higher rates, MECU meets them as we know they will.

    Price   10 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Diana, Victoria, reviewed almost 8 years ago

Bank Australia

Bank Australia term deposit review

Overall rating   10 / 10

Although my MECU bank branch is quite a small affair, the staff are extremely easy to deal with. The atmosphere is pleasant and we usually end up having a good laugh about one thing or another and I leave the bank feeling great.

Full review

Although my MECU bank branch is quite a small affair, the staff are extremely easy to deal with. The atmosphere is pleasant and we usually end up having a good laugh about one thing or another and I leave the bank feeling great.

    Price   9 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Barb, Victoria, reviewed about 8 years ago

Bank Australia

Bank Australia term deposit review

Overall rating   10 / 10

mecu is quite consistent with their term deposit, they are quite reliable. The notices are sent prior to maturity and follow on call is made by the staff to discuss various term deposit options before renewal. Over age 45, they have edvest which...

Full review

mecu is quite consistent with their term deposit, they are quite reliable. The notices are sent prior to maturity and follow on call is made by the staff to discuss various term deposit options before renewal. Over age 45, they have edvest which offers better interest rate. I am very pleased with the product.

    Price   9 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   8 / 10

    Trust   9 / 10

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Madhavi, Queensland, reviewed over 8 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Term deposit comparisons on Mozo - rates updated daily

  • firstmac Term Deposit

    firstmac Term Deposit

    • Minimum investment $5,000 to lock in a fixed rate of return
    • Safe and secure with an Australian Government Guarantee
    • Flexible terms, choose from 30 days, 60 days, 90 days, 6 months, 9 months, 12 months and 24 months

    interest rate*

    2.75% p.a.
    6 months

    Minimum deposit

    $5,000

    Go to site

    More info

    • Minimum investment $5,000 to lock in a fixed rate of return
    • Safe and secure with an Australian Government Guarantee
    • Flexible terms, choose from 30 days, 60 days, 90 days, 6 months, 9 months, 12 months and 24 months
    • Maximum deposit: $5,000,000
    • Can interest be paid to another bank?: yes
    • Automatic rollover: yes
    Need more information?
    Go to site

    More info

  • MyState Bank Online Term Deposit

    MyState Bank Online Term Deposit

    • No set-up or account keeping fees
    • Apply online in minutes
    • Deposits up to $250,000 per customer are guaranteed by the Australian Government

    interest rate*

    2.76% p.a.
    6 months

    Minimum deposit

    $5,000

    Go to site

    More info

    • No set-up or account keeping fees
    • Apply online in minutes
    • Deposits up to $250,000 per customer are guaranteed by the Australian Government
    • Maximum deposit: $5,000,000
    • Can interest be paid to another bank?: yes
    • Automatic rollover: yes
    Overall rating

    8.6

    Based on 27 MyState Bank term deposit reviews

    Need more information?
    Go to site

    More info

  • Citi Term Deposit Special

    Citi Term Deposit Special

    • Competitive rates for new to bank funds
    • $0 Setup and account-keeping fees
    • Guaranteed interest rate

    interest rate*

    2.70% p.a.
    6 months

    Minimum deposit

    $100,000

    Go to site

    More info

    • Competitive rates for new to bank funds
    • $0 Setup and account-keeping fees
    • Guaranteed interest rate
    • Maximum deposit: $2,000,000
    • Can interest be paid to another bank?: no
    • Automatic rollover: yes
    Overall rating

    6.7

    Based on 15 Citi term deposit reviews

    Need more information?
    Go to site

    More info

  • UBank Green Term Deposit

    UBank Green Term Deposit

    • No fees whatsoever
    • Choice of a 1, 3, 6, 9 or 12-month term for deposits from $1,000 - $2 million
    • Quick and easy account opening process

    interest rate*

    2.65% p.a.
    10 months

    Minimum deposit

    $1,000

    Go to site

    More info

    • No fees whatsoever
    • Choice of a 1, 3, 6, 9 or 12-month term for deposits from $1,000 - $2 million
    • Quick and easy account opening process
    • Maximum deposit: $2,000,000
    • Can interest be paid to another bank?: Yes
    • Automatic rollover: Yes
    Overall rating

    8.3

    Based on 100 UBank term deposit reviews

    Need more information?
    Go to site

    More info

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

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