Term deposit tricks and tips

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 - rates updated daily

Search promoted term deposits below or do a full Mozo database search. Advertiser disclosure.
  • Mozo Experts Choice 2021
    Term Deposit

    interest rate
    Minimum deposit
    Govt Deposit Guarantee
    1.20% p.a.
    2 years
    $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 2020 for Term Deposits.

    Go to site
    Details
  • Term Deposit

    interest rate
    Minimum deposit
    Govt Deposit Guarantee
    0.75% p.a.
    9 months
    $10,000
    Yes up to $250,000

    $0 Set up and no ongoing account-keeping fees. Interest rate depends on balance amount. Optional 3,6,9 or 12 month terms. Balances from $10,000.

    Go to site
    Details
  • Mozo Experts Choice 2021
    Term Deposit

    interest rate
    Minimum deposit
    Govt Deposit Guarantee
    0.97% 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 2020 for Term Deposits.

    Go to site
    Details
  • Term Deposit

    interest rate
    Minimum deposit
    Govt Deposit Guarantee
    0.90% p.a.
    1 year
    $1,000
    Yes up to $250,000

    Terms from 3 to 36 months. A guaranteed rate. No account keeping fees. Enjoy a fixed rate or return. Get a written notice before your deposit matures.

  • Term Deposit

    interest rate
    Minimum deposit
    Govt Deposit Guarantee
    1.05% p.a.
    1 year
    $5,000
    Yes up to $250,000

    Flexible 3 to 60 month terms available. $0 account keeping fees. Flexible interest payments at maturity or annually. Minimum $5,000 deposit.

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

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