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2 year term deposits

  • If you've got long term goals (like buying a house) and you're starting to accumulate some serious cash, a two year high interest earning term deposit can help you grow your savings faster and keep your nest egg safely out of temptations reach.

  • How long will it take me to save enough to put a deposit on my first home?

    The time it takes to save for a deposit on your first home varies person to person based on how much you can comfortably put aside each week, and how disciplined you are about not touching those savings. Give our savings calculator a spin to see how soon you'll be ready to buy your first home, and find out how to save more with our budget calculator.

  • What happens if I need to get my money out sooner?

    Think carefully before pulling your money out of a term deposit prematurely and subjecting yourself to term deposit 'break fees' they could cost you between 40% and all of your interest earnings. Don't do it unless it's a real emergency. Before you lock in a two year term, check out popular rates for 1 year and 6 month term deposits.

  • Does the interest payment frequency really matter?

    Absolutely! Generally, being paid more frequently is better, as once the interest is yours you can then earn interest on that interest (this is called compounding interest.) The more frequently your interest is paid, the faster it will grow. Let us do the math for you with our handy term deposit calculator.

Term deposit comparisons on Mozo - rates updated daily

  • promoted

    Term Deposit

    • Minimum investment $5,000 to lock in a fixed rate of return
    • Safe and secure with an Australian Government Guarantee
    • Flexible terms, choose from 30 days, 60 days, 90 days, 6 months, 9 months, 12 months and 24 months

    interest
    rate*

    2.91% p.a.
    2 years

    Minimum
    deposit

    $5,000

  • promoted

    Term Deposit

    • Experts Choice Winner - Short Term Deposit 2016
    • Choose a term from 1 month to 5 years
    • Apply online in minutes. No account keeping fees

    interest
    rate*

    2.80% p.a.
    2 years

    Minimum
    deposit

    $1,000

  • MOZO EXPERTS CHOICE 2017
    promoted

    Term Deposit

    • 6 month special rate for $10,000+
    • Short term investments of 3 months also available
    • Experts Choice Winner 2017 - Australia's Best Bank

    interest
    rate*

    2.75% p.a.
    2 years

    Minimum
    deposit

    $5,000

  • promoted

    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.
    2 years

    Minimum
    deposit

    $1,000

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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