Your selected term deposits
5.15% p.a.
6 months
$1,000
Yes up to $250,000
Great rates and incentives incl. 0.10% added loyalty bonus at renewal. Option to have interest paid to another bank. Winner of the Mozo Experts Choice Awards 2024^ for Term Deposits.
Great rates and incentives incl. 0.10% added loyalty bonus at renewal. Option to have interest paid to another bank. Winner of the Mozo Experts Choice Awards 2024^ for Term Deposits.
Read reviews and learn more about Judo Bank term deposits
Your selected term deposits
4.90% p.a.
6 months
$1,000
Yes up to $250,000
Enjoy a competitive fixed interest with the choice of 1 month to 5 year terms. Start with as little as $1,000. Interest paid monthly, quarterly, half yearly or yearly. Receive a 0.10% loyalty bonus when you automatically reinvest your Term Deposit before maturity. (Terms and Conditions apply)
Enjoy a competitive fixed interest with the choice of 1 month to 5 year terms. Start with as little as $1,000. Interest paid monthly, quarterly, half yearly or yearly. Receive a 0.10% loyalty bonus when you automatically reinvest your Term Deposit before maturity. (Terms and Conditions apply)
Read reviews and learn more about Rabobank term deposits
Your selected term deposits
4.95% p.a.
6 months
$10,000
Yes up to $250,000
Minimum $10,000 deposit. No account keeping fees. Terms from 3 months up to 2 years. Interest can be paid into a different bank. Balances up to $250,000 are guaranteed by the Australian Government. Mozo Experts Choice Awards Everyday & Savings Bank of the Year winner for 2024.^
Minimum $10,000 deposit. No account keeping fees. Terms from 3 months up to 2 years. Interest can be paid into a different bank. Balances up to $250,000 are guaranteed by the Australian Government. Mozo Experts Choice Awards Everyday & Savings Bank of the Year winner for 2024.^
Read reviews and learn more about ING term deposits
Your selected term deposits
^See information about the Mozo Experts Choice Term deposits Awards
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.
While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.
5.50% p.a. (for $0 to $250,000)
5.00% p.a.(for $0 to $1,000,000)
Yes up to $250,000
Bonus variable rate is available for the first 4 months.
Enjoy a high interest savings account with no account keeping fees to pay. Save up to 10% on eGift cards at over 50 retailers with Macquarie Marketplace. Multiple 2024 Mozo Experts Choice Award winner.
Enjoy a high interest savings account with no account keeping fees to pay. Save up to 10% on eGift cards at over 50 retailers with Macquarie Marketplace. Multiple 2024 Mozo Experts Choice Award winner.
Read reviews and learn more about Macquarie savings accounts
Your selected term deposits
5.35% p.a. (for $0 to $250,001)
1.45% p.a.(for $0 and over)
Yes up to $250,000
Increase balance by $200 by the end of each month
Reward yourself with a higher rate for your good savings habits. Rabobanks’s PremiumSaver is simple - receive the maximum rate when you grow your balance by at least $200 each month (T&Cs apply). Plus, your savings help our Aussie farmers produce the food we love to enjoy.
Reward yourself with a higher rate for your good savings habits. Rabobanks’s PremiumSaver is simple - receive the maximum rate when you grow your balance by at least $200 each month (T&Cs apply). Plus, your savings help our Aussie farmers produce the food we love to enjoy.
Read reviews and learn more about Rabobank savings accounts
Your selected term deposits
5.50% p.a. (for $0 to $100,000)
0.55% p.a.(for $0 and over)
Yes up to $250,000
Deposit $1,000 into a personal ING account, make 5 eligible transactions with a linked Orange Everyday account and grow the balance each month.
Great variable rate every month when you grow your balance each month in addition to other eligibility criteria. No ING fees to pay. Save even more with ING Everyday Round Up. Mozo Experts Choice Awards Everyday & Savings Bank of the Year winner for 2024.^
Great variable rate every month when you grow your balance each month in addition to other eligibility criteria. No ING fees to pay. Save even more with ING Everyday Round Up. Mozo Experts Choice Awards Everyday & Savings Bank of the Year winner for 2024.^
Read reviews and learn more about ING savings accounts
Your selected term deposits
5.00% p.a. (for $0 and over)
1.00% p.a.(for $0 and over)
Yes up to $250,000
Bonus interest for the first four months from the account opened date. No minimum balance required. No monthly or ongoing fees or withdrawal penalties. Manage your money easily via phone or online banking or via the BCU Bank app.
Bonus interest for the first four months from the account opened date. No minimum balance required. No monthly or ongoing fees or withdrawal penalties. Manage your money easily via phone or online banking or via the BCU Bank app.
Read reviews and learn more about BCU Bank savings accounts
Your selected term deposits
No Current Offer
4.70% p.a.(for $1 and over)
Yes up to $250,000
Unlimited access 24/7 via Banking App, Phone & Internet Banking. Interest is calculated daily and paid monthly. No transaction fees or monthly service fees. No minimum balance or withdrawal restrictions. Online access only.
Unlimited access 24/7 via Banking App, Phone & Internet Banking. Interest is calculated daily and paid monthly. No transaction fees or monthly service fees. No minimum balance or withdrawal restrictions. Online access only.
Read reviews and learn more about Unity Bank savings accounts
Your selected term deposits
A 6-month term deposit is a short-term savings investment with a fixed interest rate. It's one of many term options which range from 1 month to 5 years. This option could be good if you’re looking for short-term growth, are hesitant about longer commitments, or are hoping to benefit from potential near-future interest rate increases.
While 6 month term deposits come with some benefits, it’s also important to weigh these against the negatives. Some of the pros and cons of 6 month term deposits are as follows:
Secure investment: The Australian Government guarantees term deposits up to $250,000 with authorised deposit-taking institutions in the unlikely case that the provider collapses.
Guaranteed return: Term deposits come with fixed interest rates, so you know exactly what you’re getting. Not only that, you’ll also be able to calculate exactly how much you’ll earn by the end of the 6 month term.
Interest rate decreases: Since these rates are locked in, you’ll only be affected by cuts your provider makes
Little work required: A 6 month term deposit is a set and forget it situation, unlike some high interest savings accounts which may require meeting conditions to get your interest rate.
Option to re-invest: You can re-invest at the end of a 6 month term, which means you could benefit from any short term interest rate rises if they occur. With a long-term deposit, you’re locked into the same fixed rate for longer.
Lack of flexibility: If you have to withdraw your funds before your term deposit matures, you’ll be subject to penalties like an early withdrawal fee (depending on the provider).
Can’t add to your deposit: Once you’ve put your savings into a term deposit, you cannot add to the funds until the term has matured. Once your term deposit has matured, you’ll need to lock into a new term if you want to re-invest.
Interest rate increases: If interest rates increase during the 6 month period of your term deposit, you won’t benefit as your interest rate is locked in.
Many providers have an automatic rollover feature included, meaning that the account will take the deposit and interest into another 6 month term deposit. These can be good as they often come with loyalty bonuses and mean that your cash compounds faster.
However, keep in mind that it may automatically rollover into a lower rate, so make sure you compare term deposits prior to the end of the term.
Keep an eye out for features like:
Interest rate: Term deposits have a fixed interest rate which you lock in at the start of your investment, and the higher the interest rate, the better your return will be. You should also consider when interest is paid on your term deposit. If it’s paid monthly, you’ll earn compound interest, whereas if it’s paid at maturity, you’ll just earn interest on your initial deposit.
Investment term: Term deposits are investments that are restricted by a set amount of time, and the term can range from 1 month up to 5 years. Before putting your savings into a term deposit, compare the interest rate over various investment terms.
Fees: Most term deposits don’t come with set up fees, but expenses can arise if you need to terminate your term deposit early. You may need to pay a withdrawal fee if you want to access your money before your term deposit has matured, or you may forfeit any interest you had accrued.
Your projected earnings: You can get an idea of just how much interest you’ll earn before locking your money away in a term deposit by using Mozo’s term deposit calculator.
Account Type |
|||
Short-term deposit |
Long-term deposit |
Savings account |
|
Interest Rates |
Fixed |
Fixed |
Variable |
Term |
1 up to 12 months |
One up to five years |
Indefinite |
Access |
Can't access funds until term has matured |
Can't access funds until term has matured |
Withdraw money when you want (although this may affect conditional rates) |
The minimum amount required to open a term deposit varies across providers, but the most common minimum required according to Mozo’s database is $1,000.
The maximum amount you can put into a term deposit also varies, but it’s worth noting that you’ll be covered for term deposits of up to $250,000 with authorised deposit-taking institutions by the Australian Government.
Very easy to have your accounts all in the one place and to use the online system.
Read full reviewVery easy to have your accounts all in the one place and to use the online system.
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Your selected term deposits