Unfortunately, Term Deposits are a poor investment option as cash rates are so very low. At least my TDs pay above the cash rate but I am penalised for having been a saver and wanting liquidity without all the hassle of trading shares and other time consuming paperwork. Term deposits are a means of maintaining liquidity for unforeseen events or for buying into reasonable aged care if or when it is required. The financial institution I use has excellent staff, offer other products and services, are professional, patient, friendly and above all trustworthy. As a self funded retiree the returns do not keep pace with inflation and savings are "penalised" by Centrelink which currently "deems" savings at 2.5% and 3% above a certain limit. Financial advisers suggest putting one's savings into bank shares as the dividends are so much better but the bank profits are obscene.
Amazing service at Teacher Mutual Bank. Committed to helping teachers. They helped me when none other would many years ago and I have never looked back. Our regional head supports actively a Positive Behaviour For Learning framework which now operates I many Hunter schools, most successfully. This is very impressive.
The staff are up to date on what is happening around the globe. I have been with them since 1976 and the support they have given me is amazing.
I've been with think bank since I was a baby (the day i was born my grandmother opened an account for me) and the bank has always been reliable and everyone in my family has an account with them.
The Teachers' Mutual Bank usually offers higher interest rates than their competitors on fixed deposits. It is a pleasure to do business with them when this is combined with their convenience and friendly, reliable service.
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.
Different interest rates apply to different amounts or different interest payment frequencies.
Want more? Compare all 86 term deposits in the Mozo comparison engine.Compare more term deposits
Mozo gives you the inside story on the best banking, energy and insurance products as rated by thousands of real customers around Australia. We don't make subjective judgments, nor do advertisers influence our ratings. Although our reviews may be moderated to improve quality standards, they are moderated independently of any of Mozo’s commercial relationships.