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3 month term deposits

  • Is your spare cash working as hard for you as it should be? If you don't need to draw on your savings for a few months, you could give it a boost with a 3 month term deposit.

  • How can compound interest work for me?

    A truly marvellous invention Albert Einstein once called compound interest 'the greatest mathematical discovery of all time.' Compound interest is the accumulation of interest, on interest, meaning the more frequently you're earning interest, the faster your money tree will grow. You can calculate how compounding term deposit interest will work in your favour with our handy term deposit calculator.

  • Can I access my money before the term deposit period is up?

    Technically yes, but it's not really a good idea to break a term deposit contract as you'll face 'break fees' that could cost you some or all of the interest you've earned. Banks offer a variety of fixed terms for term deposits so in addition to comparing 3 month terms also look at longer terms like 1 year or 2 year to compare interest rates.

  • I've just started to save, is a term deposit or a high interest savings account right for me?

    If you've just landed your first job, or finally broken even on debt and want to know where to stash your savings, a high interest savings account or term deposit is a great place to start. Usually term deposits require a minimum of $1000 - $5000 so if you're not at that stage yet, or you think you'll need access to that money in the near future, then a savings account is a good place to start.

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*

    2.50% p.a.
    3 months

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    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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  • 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*

    2.40% p.a.
    3 months

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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: $500,000
    • 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?
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  • 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*

    2.00% p.a.
    3 months

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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?
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    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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