
The unusual term deposit special you need to know about
Everyone with a term deposit knows that once you deposit your cash, it’s hands-off until the term period ends.
Everyone with a term deposit knows that once you deposit your cash, it’s hands-off until the term period ends.
Term deposit rates for terms of 1 - 3 years are at the highest they've been since 2017, upholding the continuous trend of rate increases.
Stashing away a stack of cash in a good value term deposit might have been a surefire way to grow your nest egg in years gone by, but over the past 18 months saving rates have been on a downward spiral - until now that is.
Long-term savers may soon get some much-needed relief, with term deposit rates trending upward, and an innovative new product from Bank First recently hitting the market.
If it’s time you locked your rainy day fund away to grow, you might be on the hunt for an excellent term deposit offer - and the good news is, for those who know where to look, there are still some top spots to stash your savings.
Savers looking for a ray of sunshine to start the new year could be forgiven for shedding a tear, with the first few weeks of 2018 seeing the ongoing downward trend of many term deposit rates continue.
Australians looking for a safe place to stash their savings could be forgiven for glancing at term deposit rates with a weary eye, especially given the fact that, according to Mozo data, there have been 65 cuts from providers already this month.
Term deposit rates have been falling for months now, but recently there have been a few good value options available for savvy savers who know where to look, Mozo data shows.
ANZ has bucked the trend of falling term deposit rates by upping its 9-month Advance Notice Term Deposit rate by 50 basis points to 2.70% as a handful of banks and financial providers continue to cut rates.
In a surprise move potentially indicating the bank is preparing for a higher cash rate climate, ANZ has lifted term deposit interest rates attached to its 1, 2 and 3 year terms.