Term deposit reviews

Read the latest term deposit reviews from the Mozo community. Thousands of Australians have reviewed their term deposit provider to give you the inside story on everything from interest rates to customer service.

Search reviews by

Search

Recent term deposit reviews

Sort reviews by: date | helpful vote | thumbs up | thumbs down

Commonwealth Bank

Commonwealth Bank term deposit review

Overall rating   8 / 10

Great term deposit

CBA's term deposit is good. While the rates aren't the best , customer service is amazing and the are numerous features to help you.

Full review

CBA's term deposit is good. While the rates aren't the best , customer service is amazing and the are numerous features to help you.

    Price   7 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   8 / 10

Less

Rlratikah, New South Wales, reviewed about 14 hours ago

St.George

St.George term deposit review

Overall rating   10 / 10

Competitive rates and will review on request.

Always very helpful if you have an enquiry and will listen to your requests for better rates and so forth.

Full review

Always very helpful if you have an enquiry and will listen to your requests for better rates and so forth.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

William, New South Wales, reviewed about 18 hours ago

Westpac

Westpac term deposit review

Overall rating   3 / 10

Getting better deals with them is hard

I always have to ask to get the best rate. They never offer it.

Full review

I always have to ask to get the best rate. They never offer it.

    Price   3 / 10

    Features   0 / 10

    Customer service   4 / 10

    Convenience   3 / 10

    Trust   2 / 10

Less

Mandy, Queensland, reviewed 6 days ago

Westpac

Westpac term deposit review

Overall rating   10 / 10

Helpful

Very helpful staff with everything asked explained in detail.

Full review

Very helpful staff with everything asked explained in detail.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Erika, Western Australia, reviewed 7 days ago

Bendigo Bank

Bendigo Bank term deposit review

Overall rating   10 / 10

Great customer service and very competitive

No waiting in line at the teller, quick and efficient when being served.

Full review

No waiting in line at the teller, quick and efficient when being served.

    Price   3 / 10

    Features   5 / 10

    Customer service   9 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Ron, Victoria, reviewed 7 days ago

Commonwealth Bank

Commonwealth Bank term deposit review

Overall rating   10 / 10

Good premiums and fantastic service

I like CBA, they are a great bank.

Full review

I like CBA, they are a great bank.

    Price   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Leeanne, Victoria, reviewed 7 days ago

Westpac

Westpac term deposit review

Overall rating   10 / 10

Sufficient and good

Fast and understanding

Full review

Fast and understanding

    Price   8 / 10

    Features   8 / 10

    Customer service   9 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Agavale, Victoria, reviewed 7 days ago

Bankwest

Bankwest term deposit review

Overall rating   10 / 10

Happy

Happy to use Bankwest's term deposit.

Full review

Happy to use Bankwest's term deposit.

    Price   8 / 10

    Customer service   10 / 10

    Convenience   7 / 10

Less

Allan, Western Australia, reviewed 7 days ago

Bendigo Bank

Bendigo Bank term deposit review

Overall rating   9 / 10

Great Customer Service - friendly, helpful.

Bendigo Bank provides excellent customer service to me whenever I require it. They are extremely helpful either face to face, via phone or internet. I am very comfortable remaining a Bendigo Bank customer.

Full review

Bendigo Bank provides excellent customer service to me whenever I require it. They are extremely helpful either face to face, via phone or internet. I am very comfortable remaining a Bendigo Bank customer.

    Price   9 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Dianne, Queensland, reviewed 15 days ago

Suncorp

Suncorp term deposit review

Overall rating   7 / 10

Alright

Suncorp's Term Deposit's rate is fair.

Full review

Suncorp's Term Deposit's rate is fair.

    Customer service   7 / 10

    Convenience   7 / 10

    Trust   7 / 10

Less

Christian, New South Wales, reviewed 22 days ago

Commonwealth Bank

Commonwealth Bank term deposit review

Overall rating   8 / 10

Good

I'm very happy with my term deposit at CommBank.

Full review

I'm very happy with my term deposit at CommBank.

    Price   8 / 10

    Features   8 / 10

    Customer service   6 / 10

    Convenience   7 / 10

    Trust   8 / 10

Less

Rlratikah, New South Wales, reviewed 22 days ago

Suncorp

Suncorp term deposit review

Overall rating   9 / 10

Convenient internet banking

Rates are really bad for investors at the moment but Suncorp's rates are relatively competitive . I do everything online so I seldom need to go to a branch which is totally convenient.

Full review

Rates are really bad for investors at the moment but Suncorp's rates are relatively competitive . I do everything online so I seldom need to go to a branch which is totally convenient.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Joy, New South Wales, reviewed 22 days ago

Bankwest

Bankwest term deposit review

Overall rating   10 / 10

Amazing bank

Very satisfied with their service.

Full review

Very satisfied with their service.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Suseanna, Western Australia, reviewed 29 days ago

St.George

St.George term deposit review

Overall rating   9 / 10

Good bank to deal with, has friendly service

St.George is a great bank to deal with however their interest rate for their term deposit is quite low.

Full review

St.George is a great bank to deal with however their interest rate for their term deposit is quite low.

    Price   10 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Philip, South Australia, reviewed about 1 month ago

NAB

NAB term deposit review

Overall rating   8 / 10

Fantastic

Quiet happy with NAB. Gave me a great interest rate for my term deposit.

Full review

Quiet happy with NAB. Gave me a great interest rate for my term deposit.

    Price   8 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   8 / 10

Less

Debbie, Queensland, reviewed about 1 month ago

RaboDirect

RaboDirect term deposit review

Overall rating   10 / 10

Very competitive products

Excellent service and products.

Full review

Excellent service and products.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Shirley, Queensland, reviewed about 1 month ago

Westpac

Westpac term deposit review

Overall rating   9 / 10

Never any problems

Long time customers and have had no problems, they've always kept me informed.

Full review

Long time customers and have had no problems, they've always kept me informed.

    Price   9 / 10

    Features   9 / 10

    Customer service   8 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Paul, New South Wales, reviewed 3 months ago

Westpac

Westpac term deposit review

Overall rating   9 / 10

Never any problems

Long time customers and have had no problems, they've always kept me informed.

Full review

Long time customers and have had no problems, they've always kept me informed.

    Price   9 / 10

    Features   9 / 10

    Customer service   8 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Paul, New South Wales, reviewed 3 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

Less

John, Queensland, reviewed 3 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

Less

John, Victoria, reviewed 3 months ago

Bankwest

Bankwest term deposit review

Overall rating   10 / 10

Great customer service and no charges

My zero account charges me -no fees. Service is above standard. I love my bank

Full review

My zero account charges me -no fees. Service is above standard. I love my bank

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Gerlinde, Western Australia, reviewed 3 months ago

Bankwest

Bankwest term deposit review

Overall rating   10 / 10

Great customer service and no charges

My zero account charges me -no fees. Service is above standard. I love my bank

Full review

My zero account charges me -no fees. Service is above standard. I love my bank

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Gerlinde, Western Australia, reviewed 3 months ago

Teachers Mutual Bank

Teachers Mutual Bank term deposit review

Overall rating   7 / 10

Competitive rates for teachers

The institution is well established and has an excellent record.

Full review

The institution is well established and has an excellent record.

    Price   8 / 10

    Features   7 / 10

    Customer service   9 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Lynette, Tasmania, reviewed 3 months ago

Teachers Mutual Bank

Teachers Mutual Bank term deposit review

Overall rating   7 / 10

Competitive rates for teachers

The institution is well established and has an excellent record.

Full review

The institution is well established and has an excellent record.

    Price   8 / 10

    Features   7 / 10

    Customer service   9 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Lynette, Victoria, reviewed 3 months ago

Westpac

Westpac term deposit review

Overall rating   10 / 10

Family bank

Good customer service and feels right for my family.

Full review

Good customer service and feels right for my family.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Carol, New South Wales, reviewed 7 months 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

  • AMP Term Deposit

    AMP Term Deposit

    • No account fees
    • Decent returns earning interest on your savings
    • Interest payable every one, three or six months (special conditions or reduced rates apply)

    interest rate*

    2.75% p.a.
    2 years

    Minimum deposit

    $25,000

    Go to site

    More info

    • No account fees
    • Decent returns earning interest on your savings
    • Interest payable every one, three or six months (special conditions or reduced rates apply)
    • Maximum deposit: $5,000,000
    • Can interest be paid to another bank?: yes
    • Automatic rollover: yes
    Overall rating

    5.7

    Based on 15 AMP term deposit reviews

    Need more information?
    Go to site

    More info

  • MOZO EXPERTS CHOICE AWARDS 2016

    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

  • RACQ Bank Term Deposit

    RACQ Bank Term Deposit

    • Choose between a term and interest rate that suits you
    • Option to be paid interest monthly
    • Invest as little as $1,000

    interest rate*

    2.75% p.a.
    8 months

    Minimum deposit

    $1,000

    Go to site

    More info

    • Choose between a term and interest rate that suits you
    • Option to be paid interest monthly
    • Invest as little as $1,000
    • Maximum deposit: $1,000,000
    • Can interest be paid to another bank?: no
    • Automatic rollover: yes
    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*

    3.00% p.a.
    1 year

    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

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

Want more? Compare all 80 term deposits in the Mozo comparison engine.

Compare more term deposits

Look for a specific type of term deposit:

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

peoples choice award

People's Choice Award 2018

Forget industry awards where the industry scratch each other’s backs. Mozo presents the People’s Choice Awards, based on real customer reviews.

Check out the winners
Back to top

About Mozo Reviews

Mozo gives you the inside story on the best banking 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.