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12 month term deposits

  • Unimpressed by the stormy investment seas? Don't put your cash under the mattress - make it work hard for you with a high interest term deposit. After all, where interest is concerned more is more.

  • What happens when the 1 year term deposit period is finished?

    After your term deposit period is finished you'll be able to access your money and the interest you've earned. At this point,you could sign up again for another term deposit, transfer the cash into other investments or just spend it and enjoy your interest earnings. Some banks will also give you the option of automatic rollovers so you can continue to receive high interest until you make up your mind. Want more info? Check out our guide, Term Deposit Features.

  • Does it matter if interest is paid monthly, quarterly or at the end of term?

    It sure does! Interest is usually calculated daily, so the sooner that money is yours (ie the more frequently you're paid) the sooner it can be in your account working hard for you and earning you more interest. Do pay attention to the payment frequency as it can really add up! Spot the difference that payment frequency will make with our term deposit calculator.

  • How do I get a 12 month high interest term deposit? Can I apply online?

    It's really simple to do just like opening a bank account. Once you've found the best bank term deposit that best suits your needs simply click the 'go to site' button and you'll be guided through an easy online application.

Term deposit comparisons on Mozo - rates updated daily

  • firstmac Term Deposit

    firstmac Term Deposit

    • Flexible terms, choose from 30 days, 60 days, 90 days, 6 months, 9 months, 12 months and 24 months
    • Lock in your return - a secure fixed rate for the length of the term
    • Safe and secure with an Australian Government Guarantee

    interest rate*

    2.85% p.a.
    1 year

    Go to site

    More info

    • Flexible terms, choose from 30 days, 60 days, 90 days, 6 months, 9 months, 12 months and 24 months
    • Lock in your return - a secure fixed rate for the length of the term
    • Safe and secure with an Australian Government Guarantee
    • Minimum deposit: $5,000
    • Maximum deposit: $5,000,000
    • Can interest be paid to another bank?: yes
    • Automatic rollover: yes
    Need more information?
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    More info

  • Bank Australia Term Deposit

    Bank Australia Term Deposit

    • 6 month special rate for $10,000+
    • Short term investments of 3 months also available
    • Interest paid at maturity

    interest rate*

    2.65% p.a.
    1 year

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    More info

    • 6 month special rate for $10,000+
    • Short term investments of 3 months also available
    • Interest paid at maturity
    • Minimum deposit: $5,000
    • Maximum deposit: $49,999
    • Can interest be paid to another bank?: no
    • Automatic rollover: yes
    Overall rating

    6.3

    Based on 3 Bank Australia term deposit reviews

    Need more information?
    Go to site

    More info

  • Bank of Queensland Premier Investment

    Bank of Queensland Premier Investment

    • No account keeping or transaction fees
    • Competitive interest rates
    • Wide choice of terms

    interest rate*

    2.60% p.a.
    1 year

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    More info

    • No account keeping or transaction fees
    • Competitive interest rates
    • Wide choice of terms
    • Minimum deposit: $5,000
    • Maximum deposit: $249,999
    • Can interest be paid to another bank?: yes
    • Automatic rollover: yes
    Overall rating

    7.9

    Based on 49 Bank of Queensland term deposit reviews

    Need more information?
    Go to site

    More info

Want more? Compare all 77 term deposits in the Mozo comparison engine.

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

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