Bank of Sydney 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.

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

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!

Everything you need is in one gadget.