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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

  • St.George Term Deposit

    St.George Term Deposit

    • Terms from 1 month up to 5 years
    • No set up or monthly service fees
    • Interest paid at maturity

    interest rate*

    2.60% p.a.
    1 year

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    • Terms from 1 month up to 5 years
    • No set up or monthly service fees
    • Interest paid at maturity
    • Minimum deposit: $1,000
    • Maximum deposit: $5,000,000
    • Can interest be paid to another bank?: yes
    • Automatic rollover: yes
    Overall rating

    7.3

    Based on 62 St.George term deposit reviews

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  • Westpac Term Deposit

    Westpac Term Deposit

    • No set up, monthly service or management fees
    • Pick the term from one week to 5 years
    • Choose to invest from $5,000 or more

    interest rate*

    2.50% p.a.
    1 year

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    More info

    • No set up, monthly service or management fees
    • Pick the term from one week to 5 years
    • Choose to invest from $5,000 or more
    • Minimum deposit: $5,000
    • Maximum deposit: $10,000,000
    • Can interest be paid to another bank?: yes
    • Automatic rollover: yes
    Overall rating

    7.3

    Based on 99 Westpac term deposit reviews

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  • Citibank Term Deposit

    Citibank Term Deposit

    • Minimum investment $75,000, 31 day notice period applies
    • No establishment or account keeping fees
    • Feel secure in your investment, with guaranteed returns at maturity.

    interest rate*

    2.35% p.a.
    1 year

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    More info

    • Minimum investment $75,000, 31 day notice period applies
    • No establishment or account keeping fees
    • Feel secure in your investment, with guaranteed returns at maturity.
    • Minimum deposit: $75,000
    • Maximum deposit: $1,000,000
    • Can interest be paid to another bank?: no
    • Automatic rollover: yes
    Overall rating

    9.0

    Based on 3 Citibank term deposit reviews

    Need more information?
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    More info

Want more? Compare all 75 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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