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 November 14, 2018

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.

Term Deposit Resources

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

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Term Deposit Reviews

Commonwealth Bank
Commonwealth Bank term deposit review
Overall
8/10
Great term deposit

CBA's term deposit is good. While the rates aren't the best , customer service is amazing and the...

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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

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Rlratikah | New South Wales

reviewed about 19 hours ago

St.George
St.George term deposit review
Overall
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...

Read 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 23 hours ago

Westpac
Westpac term deposit review
Overall
3/10
Getting better deals with them is hard

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

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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

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Mandy | Queensland

reviewed 6 days 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

UBank increase term deposit rates, here’s how much more you can earn

Beleaguered Aussie savers will be glad to hear that it's not all bad news when it comes to term deposit interest rates - although it's not great news either. 
Term deposit wars heating up as market-leading rates announced

If you’ve been thinking of putting some money into a term deposit now might be the time, as Teachers Mutual Bank Limited and Gateway Bank have announced increases to their standard term deposit interest rates.

The unusual term deposit special you need to know about

Everyone with a term deposit knows that once you deposit your cash, it’s hands-off until the term period ends.

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