Compare & Save on

6 month term deposits

  • Diligent savers deserve to be rewarded and in this climate there are plenty of great places to stash your cash and super-size your interest. If you won't need to access your savings in the short to medium term, a six month term deposit could be right for you.

  • How much interest will I earn?

    The interest you earn on your term deposit will depend on the interest rate of the banking provider you choose, the length of your term deposit and the frequency of interest payments. Work out how much you can earn on your term deposit savings with our handy term deposit calculator.

  • Is there a penalty for accessing my term deposit before the full term is up?

    Unfortunately yes If you want to take your money out early you'll typically face a 'break fee' and a deduction of some, or all of the interest you earned. If you need ready access to your cash, a high interest savings account could be a better choice or look at shorter fixed terms like 3 month or 1 month term deposits.

  • Should I make additional savings during the term deposit time?

    It will depend on your provider whether you're able to make additional contributions to your term deposit, but typically not. Keeping up the savings habit is a good idea, but you'd be better off with a high interest savings account where some providers reward you for making regular extra contributions.

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*

    2.50% p.a.
    6 months

    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*

    2.20% p.a.
    6 months

    Minimum
    deposit

    $1,000

  • promoted

    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*

    2.10% p.a.
    6 months

    Minimum
    deposit

    $5,000

Want more? Compare all 77 term deposits in the Mozo comparison engine.

Compare all term deposits

Look for a specific type of term deposit:

*Different interest rates apply to different amounts or different interest payment frequencies.

Savings calculator

Crunch numbers with our handy calculator.

Get started

Advertisement