Your selected term deposits
5.10% 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 2023^ 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 2023^ for Term Deposits.
Read our Mozo Review to learn more about the Judo Bank Term Deposit
Your selected term deposits
4.75% 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 our Mozo Review to learn more about the Rabobank Term Deposit
Your selected term deposits
4.60% p.a.
6 months
$5,000
Yes up to $250,000
6 month term deposit. Option to have interest paid at regular intervals. Covered by Government Deposit Guarantee for deposits up to $250,000.
6 month term deposit. Option to have interest paid at regular intervals. Covered by Government Deposit Guarantee for deposits up to $250,000.
Read our Mozo Review to learn more about the MyState Bank Online 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.
A six month term deposit is ideal for those who can afford to put their savings away for half a year and earn interest without having to do anything.
When you put your money in a term deposit, you will already know the amount of interest you will be getting on your money.
This means that you can sit back, relax and watch your funds grow without having to worry about losing money.
Most big banks and credit unions offer six month term deposits, but be sure to shop around for the best rate on the amount you are investing.
information page, to keep on top of the latest term deposit rates.
Remember: When you are investing for only half of the year with a 4% p.a interest rate, you will earn 2% on your deposit. E.g. If Mrs Jones invests $10,000 in a six month term deposit with a 4% interest rate paid at maturity, she will earn $200.
Features |
|||
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 |
Choosing a six month term deposit means that you can still get a relatively high interest rate and it means that you only have to lock your money away for half a year.
The main difference between a term deposit and a savings account is whether or not you can access your money. With a term deposit, you can’t withdraw your money before maturity without sacrificing some or all of the interest you have earnt. However, with a savings account, you can access your money at any time. Some savings accounts also have criteria that you have to meet to be granted interest. For example, some require you to deposit a certain amount of money each month or make a certain number of transactions on your associated bank card.
I love this bank because of how l am treated
Read full reviewI love this bank because of how l am treated
I have always found this bank and its customer service to stand out. The staff I have dealt with have been knowladgeable,courteous and friendly and helpful. Very patient with all my many questions.
Read full reviewI have always found this bank and its customer service to stand out. The staff I have dealt with have been knowladgeable,courteous and friendly and helpful. Very patient with all my many questions.
they have an office and have helped me during the grieving progress passing of my husband this 12months with our banking
Read full reviewthey have an office and have helped me during the grieving progress passing of my husband this 12months with our banking
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