Your selected term deposits
If you're going to put some money into a term deposit, you want to know you'll be earning a great interest rate. The Bank of Melbourne has various rates available for term deposits, depending on the length of the term. Alternatively, you can view term deposits from a wide range of Australian banks with our term deposit comparison tools.
| 1 month | 1.25% p.a. | ($1,000 - $2,000,000) |
| 2 months | 1.45% p.a. | ($1,000 - $2,000,000) |
| 3 months | 3.25% p.a. | ($1,000 - $2,000,000) |
| 4 months | 3.35% p.a. | ($1,000 - $2,000,000) |
| 5 months | 3.45% p.a. | ($1,000 - $2,000,000) |
| 6 months | 3.60% p.a. | ($1,000 - $2,000,000) |
| 7 months | 3.60% p.a. | ($1,000 - $2,000,000) |
| 8 months | 3.80% p.a. | ($1,000 - $2,000,000) |
| 9 months | 4.00% p.a. | ($1,000 - $2,000,000) |
| 10 months | 4.00% p.a. | ($1,000 - $2,000,000) |
| 11 months | 4.00% p.a. | ($1,000 - $2,000,000) |
| 1 year | 4.00% p.a. | ($1,000 - $2,000,000) |
| 13 months | 4.00% p.a. | ($1,000 - $2,000,000) |
| 18 months | 4.00% p.a. | ($1,000 - $2,000,000) |
| 2 years | 3.80% p.a. | ($1,000 - $2,000,000) |
| 3 years | 3.60% p.a. | ($1,000 - $2,000,000) |
| 4 years | 3.60% p.a. | ($1,000 - $2,000,000) |
| 5 years | 3.60% p.a. | ($1,000 - $2,000,000) |
| 9 months | 4.70% p.a. | ($1,000 - $5,000,000) |
Your selected term deposits
Bank of Melbourne has 4.10% for 12 months which is good, as at Jan 2023. however they are paying my interest into a non interest account so every month I have to shift it , which is a pain. Also the account I have selected works on a variable return so it has to be watched constantly. I also see they are not adjusting investment returns along with the RBA advice and their own lending rates , thus the profit return is climbing. Good for share holders I suppose Furthermore I get varying advice from branch to branch which can be different again from on line My advice to anyone looking to term deposits , trust no one read everything and check and re check constantly , unfortunately yes ' they are all the same ' with fast talking staff who often do not fully brief you. Its what they don't say that counts
* 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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