Your selected term deposits
| INTEREST RATES P.A. | $1,000 to $1,000,000 |
|---|---|
| 3 months | 4.80% |
| 6 months | 4.85% |
Rates are shown for interest paid at maturity for terms less than 1 year, and annually or at maturity for terms of 1 year or more.
| INTEREST RATES P.A. | $1,000 to $1,000,000 |
|---|---|
| 1 month | 1.25% |
| 2 months | 1.50% |
| 3 months | 3.25% |
| 4 months | 3.50% |
| 5 months | 3.50% |
| 6 months | 4.40% |
| 7 months | 3.70% |
| 8 months | 3.70% |
| 9 months | 4.50% |
| 10 months | 4.00% |
| 11 months | 4.00% |
| 1 year | 4.40% |
| 13 months | 4.40% |
Rates are shown for interest paid at maturity for terms less than 1 year, and annually or at maturity for terms of 1 year or more.
Your selected term deposits
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.
* 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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