Term deposit tricks and tips
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Here are some tips from the mozo team for getting the best value from your term deposit
- Decide how long you can survive without your cash.
- Check out our budget planner for a shortcut to financial organisation.
- Have a play with our term deposit calculator to see how longer terms will increase your earnings.
- Find the best interest rate. Okay, this sounds like a bastard of an ordeal. But Mozo helps compare term deposits, searching hundreds of accounts in seconds. Search the term deposit market now!
- Be sure to have a quick look at some saving account deals to see if they're better at the moment.
- Background check your peachy term deposit deal. Again: sounds tough, takes seconds. Hit the term deposit reviews from real customers who have these accounts already.
- Save up a storm with your thunderous new term deposit.
Start comparing term deposits now.
Term Deposit Comparison Table - last updated 3 December 2023
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Featured Product
Mozo experts choice awards won:
- Term Deposit - 2023
- SMSF Term Deposit - 2023
Term Deposit
5.35% p.a.
1 year$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.
CompareCompareTerm Deposit
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.
- interest rate
- 5.35% p.a.
- Minimum deposit
- $1,000.00
- Govt Deposit Guarantee
- Yes up to $250,000
- Minimum deposit
- $1,000.00
- Maximum deposit
- $1,000,000.00
- Can interest be paid to another bank?
- yes
- Automatic rollover
- yes
Read our Mozo Review to learn more about the Judo Bank Term Deposit
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Online Term Deposit
5.00% p.a.
9 months$1,000
Yes up to $250,000
Enjoy the certainty of a fixed interest rate combined with the convenience of online banking to set up and manage your term deposit at maturity. You can start investing from as little as $1,000 or up to $5,000,000.
CompareCompareOnline Term Deposit
Enjoy the certainty of a fixed interest rate combined with the convenience of online banking to set up and manage your term deposit at maturity. You can start investing from as little as $1,000 or up to $5,000,000.
- interest rate
- 4.90% p.a.
- Minimum deposit
- $1,000.00
- Govt Deposit Guarantee
- Yes up to $250,000
- Minimum deposit
- $1,000.00
- Maximum deposit
- $5,000,000.00
- Can interest be paid to another bank?
- yes
- Automatic rollover
- yes
Read our Mozo Review to learn more about the Bankwest Online Term Deposit
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Term Deposit
4.25% p.a.
1 year$5,000
Yes up to $250,000
CompareCompareTerm Deposit
- interest rate
- 4.25% p.a.
- Minimum deposit
- $5,000.00
- Govt Deposit Guarantee
- Yes up to $250,000
- Minimum deposit
- $5,000.00
- Maximum deposit
- $1,999,999.00
- Can interest be paid to another bank?
- yes
- Automatic rollover
- yes
Read our Mozo Review to learn more about the Commonwealth Bank Term Deposit
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Standard Term Deposit
5.00% p.a.
1 year$25,000
Yes up to $250,000
Competitive interest rates. No set up fees to pay. Interest can be paid into another bank account. Insured by the Australian Government Financial Claims Scheme – up to a total of $250,000 per member.
CompareCompareStandard Term Deposit
Competitive interest rates. No set up fees to pay. Interest can be paid into another bank account. Insured by the Australian Government Financial Claims Scheme – up to a total of $250,000 per member.
- interest rate
- 5.00% p.a.
- Minimum deposit
- $1,000.00
- Govt Deposit Guarantee
- Yes up to $250,000
- Minimum deposit
- $1,000.00
- Maximum deposit
- -
- Can interest be paid to another bank?
- yes
- Automatic rollover
- yes
Read our Mozo Review to learn more about the First Option Bank Standard Term Deposit
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Term Deposit
4.25% p.a.
1 year$5,000
Yes up to $250,000
No set up, monthly service or management fees & choose to invest from $5,000 or more
CompareCompareTerm Deposit
No set up, monthly service or management fees & choose to invest from $5,000 or more
- interest rate
- 4.25% p.a.
- Minimum deposit
- $5,000.00
- Govt Deposit Guarantee
- Yes up to $250,000
- Minimum deposit
- $5,000.00
- Maximum deposit
- $2,000,000.00
- Can interest be paid to another bank?
- yes
- Automatic rollover
- yes
Read our Mozo Review to learn more about the Westpac Term Deposit
Term Deposit Comparison Table
Promoted
Term Deposit Special
1.60% p.a.
3 months
$10,000
Promoted
Online Term Deposit
1.60% p.a.
9 months
$5,000
Promoted
Term Deposit
1.70% p.a.
1 year
$1,000
Promoted
Term Deposit
1.35% p.a.
11 months
$1,000
* Different interest rates apply to different amounts or different interest payment frequencies.
^See information about the Mozo Experts Choice Term Deposit Awards
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