Term deposit tricks and tips

By Mozo ·

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 November 29, 2020

Search promoted term deposits below or do a full Mozo database search. Advertiser disclosure.

  • mozo-experts-choice-2020
    Term Deposit

    0.75% p.a.
    1 year

    $25,000

    Yes up to $250,000

      Compare
    Details
  • Online Term Deposit

    0.75% p.a.
    1 year

    $5,000

    Yes up to $250,000

      Compare
    Details
  • Term Deposit

    0.45% p.a.
    9 months

    $10,000

    Yes up to $250,000

      Compare
    Details
  • Online Term Deposit

    0.90% p.a.
    2 years

    $5,000

    Yes up to $250,000

      Compare
    Details

Term Deposit Comparison Table

Promoted

Citi
Term Deposit Special

1.60% p.a.
3 months

$10,000

Go to site

Promoted

MyState Bank
Online Term Deposit

1.60% p.a.
9 months

$5,000

Go to site

Promoted

UBank
Term Deposit

1.70% p.a.
1 year

$1,000

Go to site

Promoted

Defence Bank
Term Deposit

1.35% p.a.
11 months

$1,000

Go to site

*Rates shown are for interest paid annually, or on maturity for terms less than 1 year.

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

^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.