7.5/10

Based on 53 Bank of Sydney product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

Bank of Sydney term deposits

Bank of Sydney offers the following term deposits

Rates and fees verified as correct at 22 June 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Best rate (up to 1 year) Minimum Deposit Interest paid to another bank?
Term Deposit

5.20% p.a.6 months ($1,000 to $1,000,000)

$1,000.00

no

How are Bank of Sydney term deposits rated?

Mozo users have rated Bank of Sydney term deposits on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

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Bank of Sydney term deposits customer reviews
Overall
8.0/10
Price
7.6/10
Features
5.6/10
Customer service
8.8/10
Convenience
7.0/10
Trust
8.0/10
Based on 5 Bank of Sydney product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent Bank of Sydney term deposit reviews

Bank of Sydney Term Deposit
Overall 5/10
It is an okay bank.

Pros: Customer Service: As a smaller bank, Bank of Sydney may offer more personalized customer service compared to larger institutions. Competitive Interest Rates: Smaller banks sometimes provide competitive interest rates on savings accounts, term deposits, and home loans to attract customers. Local Focus: Being a community-focused bank, Bank of Sydney might prioritize the needs of its local customers and communities. Niche Products: Smaller banks may offer specialized or niche financial products that cater to specific customer needs. Technology: Some smaller banks invest in modern banking technologies to enhance customer experience and streamline operations. Cons: Limited Branch Network: Smaller banks like Bank of Sydney might have a more restricted branch network, which could be inconvenient for customers who prefer in-person banking. Fewer ATMs: Access to ATMs may be limited compared to larger banks, which might result in ATM withdrawal fees when using other banks' ATMs. Limited Services: Smaller banks might not offer the same range of financial products and services as larger, full-service banks. Financial Stability: Smaller banks may have less financial stability compared to larger, well-established institutions, potentially posing slightly higher risks to customers' deposits. Limited Global Reach: If you frequently travel internationally or need international banking services, a smaller bank might not offer the same level of convenience as larger banks with global networks.

Read full review

Pros: Customer Service: As a smaller bank, Bank of Sydney may offer more personalized customer service compared to larger institutions. Competitive Interest Rates: Smaller banks sometimes provide competitive interest rates on savings accounts, term deposits, and home loans to attract customers. Local Focus: Being a community-focused bank, Bank of Sydney might prioritize the needs of its local customers and communities. Niche Products: Smaller banks may offer specialized or niche financial products that cater to specific customer needs. Technology: Some smaller banks invest in modern banking technologies to enhance customer experience and streamline operations. Cons: Limited Branch Network: Smaller banks like Bank of Sydney might have a more restricted branch network, which could be inconvenient for customers who prefer in-person banking. Fewer ATMs: Access to ATMs may be limited compared to larger banks, which might result in ATM withdrawal fees when using other banks' ATMs. Limited Services: Smaller banks might not offer the same range of financial products and services as larger, full-service banks. Financial Stability: Smaller banks may have less financial stability compared to larger, well-established institutions, potentially posing slightly higher risks to customers' deposits. Limited Global Reach: If you frequently travel internationally or need international banking services, a smaller bank might not offer the same level of convenience as larger banks with global networks.

Price
3/10
Features
7/10
Convenience
8/10
Trust
4/10
Less
Sonny, New South Wales, reviewed 11 months ago
Bank of Sydney Term Deposit
Overall 9/10
Market leading rates.

Best terms deposit rate available. Not many branches but not required due to nature of product. Online functionality is clunky.

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Best terms deposit rate available. Not many branches but not required due to nature of product. Online functionality is clunky.

Price
9/10
Features
1/10
Customer service
7/10
Convenience
1/10
Trust
7/10
Less
Dim, New South Wales, reviewed about 4 years ago
Bank of Sydney Term Deposit
Overall 9/10
Excellent old fashioned service with a mod twist

The Bank of Sydney provide good old fashioned service. They greet you by name and provide you with free on the spot advice about banking options and opportunities. The BOS rocks!

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The Bank of Sydney provide good old fashioned service. They greet you by name and provide you with free on the spot advice about banking options and opportunities. The BOS rocks!

Price
9/10
Features
9/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Gail, New South Wales, reviewed almost 10 years ago
Bank of Sydney Term Deposit
Overall 8/10

Everything you need is in one gadget.

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Everything you need is in one gadget.

Price
8/10
Features
4/10
Customer service
10/10
Convenience
8/10
Trust
10/10
Less
Helen, Victoria, reviewed almost 14 years ago
See all term deposit reviews
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.
Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

Term deposit quick links