Your selected term deposits
5.25% 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 our Mozo Review to learn more about the Judo Bank Term Deposit
Your selected term deposits
5.25% p.a.
6 months
$1,000
Yes up to $250,000
Apply digitally in minutes and manage your SMSF Term Deposit. Flexible cash flow management with three interest payment frequencies that suit you: monthly, yearly, or at maturity. Choose from terms of 3 months up to 5 years. No application or monthly account fees but eligibility criteria and terms and conditions apply. Only accessible to SMSFs with two or up to four individual trustees or one corporate trustee.
Apply digitally in minutes and manage your SMSF Term Deposit. Flexible cash flow management with three interest payment frequencies that suit you: monthly, yearly, or at maturity. Choose from terms of 3 months up to 5 years. No application or monthly account fees but eligibility criteria and terms and conditions apply. Only accessible to SMSFs with two or up to four individual trustees or one corporate trustee.
Your selected term deposits
5.15% p.a.
6 months
$1,000
Yes up to $250,000
Looking for returns that return? Invest as little as $1,000 or as much as $1,000,000. Apply online today in as little as 5 minutes. Protected by the Australian Government’s Financial Claims Scheme up to $250,000.
Looking for returns that return? Invest as little as $1,000 or as much as $1,000,000. Apply online today in as little as 5 minutes. Protected by the Australian Government’s Financial Claims Scheme up to $250,000.
Read our Mozo Review to learn more about the Bank of Sydney Term Deposit - Online only
Your selected term deposits
3.70% p.a.
6 months
$5,000
Yes up to $250,000
Read our Mozo Review to learn more about the Commonwealth Bank Term Deposit
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 $100,000)
0.55% p.a.(for $0 and over)
Yes up to $250,000
For customers who have an Orange Everyday account, deposit $1000 into a personal ING account, make 5 eligible transactions and grow their nominated Savings Maximiser account 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 our Mozo Review to learn more about the ING Savings Maximiser
Your selected term deposits
5.25% p.a. (for $0 to $1,000,000)
0% p.a.(for $0 and over)
Yes up to $250,000
Intro bonus rate of 5.25% for balances up to $1,000,000 for the first 4 months, reverting to 3.25%. Minimum deposit of $50 and no withdrawals.
Introductory bonus rate for balances up to $1,000,000 for the first 4 months. Minimum deposit of $50 and no withdrawals. Start your account online in under 10 minutes and earn interest on balances up to $1,000,000 (T&Cs apply). No monthly account fees, helping you save smarter and faster.
Introductory bonus rate for balances up to $1,000,000 for the first 4 months. Minimum deposit of $50 and no withdrawals. Start your account online in under 10 minutes and earn interest on balances up to $1,000,000 (T&Cs apply). No monthly account fees, helping you save smarter and faster.
Read our Mozo Review to learn more about the IMB Bank Reward Saver Account
Your selected term deposits
5.35% p.a. (for $0 to $250,000)
4.75% p.a.(for $0 to $1,000,000)
Yes up to $250,000
Bonus variable rate is available for the first 4 months.
Competitive introductory variable rate for first 4 months (on deposits up to $250,000). No account keeping fees to pay. Multiple 2024 Mozo Experts Choice Award winner.
Competitive introductory variable rate for first 4 months (on deposits up to $250,000). No account keeping fees to pay. Multiple 2024 Mozo Experts Choice Award winner.
Read our Mozo Review to learn more about the Macquarie Savings Account
Your selected term deposits
5.75% p.a. (for $0 to $250,001)
4.40% p.a.(for $0 to $250,001)
Yes up to $250,000
Bonus rate for the first 4 months from account opening
Reward yourself with a higher rate for your good savings habits with the Rabobank High Interest Savings Account. No Account keeping fees. No minimum balance. Support Aussie farmers with every dollar you save.
Reward yourself with a higher rate for your good savings habits with the Rabobank High Interest Savings Account. No Account keeping fees. No minimum balance. Support Aussie farmers with every dollar you save.
Read our Mozo Review to learn more about the Rabobank High Interest Savings Account
Your selected term deposits
5.00% p.a. (for $0 to $250,000)
0.05% p.a.(for $0 and over)
Yes up to $250,000
Bonus rate when at least $20 is deposited each month and five Visa Debit transactions are made each month using linked Glide transaction account.
Start saving and earn interest with just a $20 deposit and make 5 eligible transactions each month. No fees or penalties for withdrawing money.
Start saving and earn interest with just a $20 deposit and make 5 eligible transactions each month. No fees or penalties for withdrawing money.
Read our Mozo Review to learn more about the MyState Bank Bonus Saver Account
Your selected term deposits
A 6 month term deposit is a type of investment for your savings, where you lock away your money for six months and get a fixed interest rate in return.
A 6 month term deposit is just one period of time (the term) you can choose from. Most banks will have other terms available ranging from between 1 month up to 5 years.
You might choose a 6 month term deposit if you’re interested in safely growing your savings over a short term, or you’re feeling wary of locking away your cash for any longer than a year.
A 6 month term deposit can also be a good choice for those who want to benefit from any potential interest rate rises, which those locked into a longer term would miss.
Term deposit |
Average |
Best |
6 month |
4.28% p.a. |
5.20% p.a. |
9 month |
4.26% p.a. |
5.15% p.a. |
1 year |
4.60% p.a. |
5.30% p.a. |
Source: mozo.com.au as at 24 April 2024, leading maturity 12 month term deposit rates at $10,000 balance.
When your term deposit matures, it has reached the agreed date when your investment is set to end.
Your bank, credit union or building society will contact you in the weeks leading up to the maturity date to notify you on how much interest you’ve earned and what your options are.
You’ll have the choice of withdrawing your money, moving it to a savings account or signing up for another term deposit.
Exactly when interest is paid on a 6 month term deposit will vary across providers, as interest can be paid monthly, quarterly or on maturity. However, a 6 month term deposit is likely to be calculated monthly or at the end of the term, but talk to your provider if you’re unsure.
The key features to compare term deposits on include:
Features |
Short-term deposit |
Long-term deposit |
Savings account |
Interest Rates |
Fixed – lower rates than long term |
Fixed – higher rates than short-term |
Variable |
Term |
Three, six or twelve months |
One to five years |
Indefinite |
Fees |
No fees |
No fees |
Set up, monthly and or annual fees |
Access |
Can't access funds until term has matured |
Can't access funds until term has matured |
Withdraw money when you want |
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.
I feel really safe with this bank. I love the way they phone if they think there’s been an inappropriate purchase. They are so helpful with fraud. They offer excellent interest in short term deposit.
Read full reviewI feel really safe with this bank. I love the way they phone if they think there’s been an inappropriate purchase. They are so helpful with fraud. They offer excellent interest in short term deposit.
I am extremely happy with my bank including service and products
Read full reviewI am extremely happy with my bank including service and products
I love this bank because of how l am treated
Read full reviewI love this bank because of how l am treated
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Your selected term deposits