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.

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Recent term deposit reviews

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  • Westpac Term Deposit review

    Overall rating   6 / 10
    Convenient.

    My review relates to Westpac/RAMS, the term deposit was quick to set up, however, the $250 minimum deposit without withdrawals seems a little excessive for the financial return. In saying that there is little in the market that betters their terms.

    Price
    5 / 10
    Features
    6 / 10
    Customer service
    5 / 10
    Convenience
    9 / 10
    Trust
    7 / 10
    Less
    Bernadette, Queensland, reviewed 9 days ago
  • ANZ Term Deposit review

    Overall rating   10 / 10
    Good customer service

    ANZ is good for students and parents.

    Price
    10 / 10
    Features
    10 / 10
    Customer service
    10 / 10
    Convenience
    10 / 10
    Trust
    10 / 10
    Less
    Chinonye, New South Wales, reviewed 20 days ago
  • ANZ First - Student Offer review

    Overall rating   9 / 10
    Great customer service

    I like ANZ because it's good for students and it's a good bank.

    Price
    10 / 10
    Features
    10 / 10
    Customer service
    10 / 10
    Convenience
    10 / 10
    Trust
    10 / 10
    Less
    Chinonye, New South Wales, reviewed 20 days ago
  • Commonwealth Bank Term Deposit review

    Overall rating   10 / 10
    Competitive rates and excellent customer service

    Put $5K in a term deposit and received a good rate of interest for my money, without having to put the usual $10K. Was pleased with service received from my local branch, near home.

    Price
    10 / 10
    Features
    10 / 10
    Customer service
    10 / 10
    Convenience
    10 / 10
    Trust
    10 / 10
    Less
    Roseann, Victoria, reviewed 24 days ago
  • Commonwealth Bank Term Deposit review

    Overall rating   4 / 10
    Needs to do better.

    They hide interest rates from you, they're very difficult to find - not to mention incredibly low.

    Price
    2 / 10
    Features
    2 / 10
    Customer service
    3 / 10
    Convenience
    5 / 10
    Trust
    3 / 10
    Less
    Benjamin, New South Wales, reviewed 24 days ago
  • Police Bank Term Deposit review

    Overall rating   10 / 10
    One of the BEST term deposit interest rates.

    The Police Bank provides one of the highest interest rates for fixed term deposit products.

    Price
    10 / 10
    Customer service
    10 / 10
    Convenience
    10 / 10
    Trust
    10 / 10
    Less
    Stephen, New South Wales, reviewed 29 days ago
  • Bendigo Bank Term Deposit review

    Overall rating   8 / 10
    Great personal teller and customer service

    Great personal service and teller systems when the big four were virtually forcing every one to electronic. Much more customer orientated and friendly service and not as greedy as big banks because they are community banks. They also have a separate term deposit, Port Phillip fund with higher interest, available, but it is not so secure.

    Price
    9 / 10
    Features
    8 / 10
    Customer service
    9 / 10
    Convenience
    7 / 10
    Trust
    9 / 10
    Less
    Ed, Victoria, reviewed about 1 month ago
  • People's Choice Credit Union Term Deposit review

    Overall rating   10 / 10
    Excellent service

    Never has had any scandal. They are honest and fair with rates of interest.

    Price
    10 / 10
    Features
    10 / 10
    Customer service
    10 / 10
    Convenience
    10 / 10
    Trust
    10 / 10
    Less
    Audrey, Northern Territory, reviewed about 1 month ago
  • Bank of Sydney Term Deposit review

    Overall rating   9 / 10
    Market leading rates.

    Best terms deposit rate available. Not many branches but not required due to nature of product. Online functionality is clunky.

    Price
    9 / 10
    Features
    1 / 10
    Customer service
    7 / 10
    Convenience
    1 / 10
    Trust
    7 / 10
    Less
    Dim, New South Wales, reviewed about 2 months ago
  • Commonwealth Bank Term Deposit review

    Overall rating   8 / 10
    Great

    I like my term deposit account and the CBA staff always explain everything.

    Price
    9 / 10
    Features
    7 / 10
    Customer service
    9 / 10
    Convenience
    9 / 10
    Trust
    7 / 10
    Less
    Monica, New South Wales, reviewed about 2 months ago
  • P&N Bank Term Deposit review

    Overall rating   10 / 10
    Best customer service and a great local bank.

    P&N Bank staff are some of the friendliest and most helpful that I have ever dealt with. Their products are super competitive and so easy to use.

    Price
    10 / 10
    Features
    8 / 10
    Customer service
    10 / 10
    Convenience
    10 / 10
    Trust
    10 / 10
    Less
    Stuart, Western Australia, reviewed 2 months ago
  • ME Term Deposit review

    Overall rating   7 / 10
    Quite competitive rates.

    Online application can be confusing and telephone staff cannot always help with what appears to be a disjunctive office. They will however negotiate better interest rate if asked. THE WORST, ANNOYING THEATRE ADS IN THE CIVILISED WORLD.

    Price
    7 / 10
    Features
    5 / 10
    Customer service
    1 / 10
    Convenience
    2 / 10
    Trust
    5 / 10
    Less
    David, Queensland, reviewed 2 months ago
  • Westpac Term Deposit review

    Overall rating   9 / 10
    I will be staying with them.

    Always had very good service. Helped with a scam problem. Staff are very efficient and friendly.

    Price
    10 / 10
    Features
    9 / 10
    Customer service
    9 / 10
    Convenience
    9 / 10
    Trust
    9 / 10
    Less
    Liene, Victoria, reviewed 2 months ago
  • Commonwealth Bank Term Deposit review

    Overall rating   7 / 10
    Could be a little more competitive.

    Great online app. Have to have a bit better customer support, but overall not bad. Have been with worse.

    Price
    7 / 10
    Features
    9 / 10
    Customer service
    10 / 10
    Convenience
    9 / 10
    Trust
    7 / 10
    Less
    Rita, South Australia, reviewed 2 months ago
  • ING Term Deposit review

    Overall rating   10 / 10
    Brillant.

    Will happily stay with ING, they are a great bank with awesome rates.

    Price
    10 / 10
    Features
    7 / 10
    Customer service
    10 / 10
    Convenience
    10 / 10
    Trust
    10 / 10
    Less
    Nicki, Queensland, reviewed 4 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

    • Online Term Deposit

      interest rate*
      1.60% p.a.
      9 months
      Minimum deposit
      $5,000
      Govt Deposit Guarantee
      Yesup to $250,000

      Promoted
    • Term Deposit

      interest rate*
      1.35% p.a.
      11 months
      Minimum deposit
      $1,000
      Govt Deposit Guarantee
      Yesup to $250,000

      Promoted
    • Term Deposit Special

      interest rate*
      1.60% p.a.
      3 months
      Minimum deposit
      $10,000
      Govt Deposit Guarantee
      Yesup to $250,000

      Promoted
    • Term Deposit

      interest rate*
      1.60% p.a.
      6 months
      Minimum deposit
      $25,000
      Govt Deposit Guarantee
      Yesup to $250,000

      Promoted
    • Term Deposit

      interest rate*
      1.55% p.a.
      6 months
      Minimum deposit
      $25,000
      Govt Deposit Guarantee
      Yesup to $250,000

      Promoted

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

    Want more? Compare all 87 term deposits in the Mozo comparison engine.

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