1 month term deposits

If you’re between investments and need somewhere to park your cash while you plan your next move, one month term deposits can be a great way to maximise interest on your hard earned nest egg.

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What happens to my money after one month is up?

After one month, your term deposit will have matured, meaning you can access your money. Some banks will allow you to roll over your balance, meaning that the high interest will continue until you transfer the money elsewhere.

How do I compare and find the best high interest term deposit?

It’s easy to find the best high interest term deposit in one easy step with Mozo’s comprehensive high interest term deposit search tool. You can also try our term deposit calculator to help you compare interest rates and term deposit term to give you the best return.

How do I apply for a 1 month term deposit?

Once you’ve chosen the right 1 month term deposit for your needs, you can apply online by clicking on the ’go to site’ button for the term deposit bank of your choice.

Page last updated March 20, 2019

1 month term deposit comparisons on Mozo - rates updated daily Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.

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

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Term Deposit Resources

Reviews, news, tips and guides to help find the best term deposit for you.

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Term Deposit Reviews

ME
ME term deposit review
Overall
10/10
Great customer service and competitive rates.

I like this bank because it offers great rates for a small investment. Setting up the term...

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I like this bank because it offers great rates for a small investment. Setting up the term deposit was very straight forward and easy to organise, and if you need to make any alterations a simple phone call will suffice. I found the process easy and simple to complete.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10

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Jill | New South Wales

reviewed 7 days ago

Westpac
Westpac term deposit review
Overall
10/10
Sufficient and good

Fast and understanding.

Read full review

Fast and understanding.

Price
8/10
Features
8/10
Customer service
9/10
Convenience
10/10
Trust
10/10

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Agavale | Victoria

reviewed 3 months ago

Newcastle Permanent
Newcastle Permanent term deposit review
Overall
7/10
Great customer service

I like Newcastle Permanent because you are unlikely to get any nasty surprises from them.

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I like Newcastle Permanent because you are unlikely to get any nasty surprises from them.

Price
7/10
Features
7/10
Customer service
7/10
Convenience
7/10
Trust
7/10

Less

Stephen | New South Wales

reviewed 3 months ago

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Term deposit Guides

Term deposit tricks and traps

You’ve done the hard work of saving and squirrelling away every spare dollar, decided a term deposit is the best place to park your money and now you can kick back and forget about it, right? Wrong!
Choosing an investment term: short or long term deposit?

If you’ve picked a term deposit to be your savings strategy, then the next big question is: how long do you want to lock your hard earned cash away?
Short term deposits

If you want to commit your money to a term deposit but you’re not quite ready to lock it away for the next few years, then a short term deposit might just be the solution you’re looking for. It's still low-risk and a stable way of earning a return on your savings, but without the commitment of not touching your funds for years on end.

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Term Deposit News

Tackle climate change with the new Green Term Deposit from UBank

The financially-savvy and environmentally-minded among us have good reason to be happy this week as UBank has just introduced its new Green Term Deposit, giving Australians a chance to grow their savings while making a positive impact on the environment at the same time.
Term deposit rates continue to plunge, but there’s still time to get hold of a good one

If you’ve been following term deposits rates lately, you might think their gradual descent spells doom and gloom. After all, February marked the fifth month in a row that we saw more cuts to term deposit rates than we did increases.
Dual wins for AMP in Mozo Experts Choice Deposit Awards 2019

It’s that time of year again. The sixth Mozo Experts Choice Awards are well underway and our office is abuzz as we announce the top products in Australian banking.

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