Top term deposit rates: October 2022
Term deposit rates are rising faster than high interest savings accounts rates right now, causing fixed deposit rates to hit highs not seen in years and fuelling a surge in consumer demand.
Read MoreTerm deposit rates are rising faster than high interest savings accounts rates right now, causing fixed deposit rates to hit highs not seen in years and fuelling a surge in consumer demand.
Read MoreRecently, term deposit providers have turned away from higher interest rates for longer terms and are instead focusing on shorter term rates. So, if you’re looking to lock your cash up for a short while, then some of the current term deposit ratess on the market could be worth considering.
Read MoreAMP Bank has announced new increases to its term deposit rates.
Read MoreNeobank Judo Bank has announced new increases to some of its term deposit interest rates.
Read MoreIn the last couple of months interest rates for term deposits have been increasing, in some cases by about 20 basis points. In January alone there were 47 increases recorded on Mozo’s database.
Read MoreThey’re one of the smaller term deposits on the block, but Judo Bank certainly isn’t content with just blending in. This provider has consistently placed among the top five spots among term deposit providers we track.
Read MoreOver the last few months, more than a few term deposit providers have been increasing rates. In October alone Mozo’s research team counted 51 interest rate increases from 10 term deposit providers tracked in our database.**
Read MoreAs we head into October, the news for Australia’s savers is that term deposit interest rates continue to remain steady, though we are starting to see some movement and competition for some shorter terms.
Read MoreThere is little chance that term deposit interest rates will change dramatically in September. Mozo has counted less and less term deposit rate cuts in the past few months.
Read MoreWith the Reserve Bank keeping the cash rate at 0.10%, interest rates have had a little time to breathe.
Read More