Bank of Sydney logo

Bank of Sydney Term Deposit

Advertiser disclosure
Best rate (up to 1 year)
5.20% p.a.6 months ($1,000 to $1,000,000)
Minimum Deposit
$1,000.00
Interest paid to another bank?
no

Mozo editorial review Bank of Sydney Term Deposit - last updated: 7 June 2024

binocular icon
What's hot
  • Interest rate of 5.20% p.a. for a 6-month term
  • No account fees
What's not
  • Interest can’t be paid to another bank
Mozo snapshot

The Term Deposit from Bank of Sydney offers a range of options for savers happy to lock their savings away over the short-term, with terms available from 1-13 months and interest rates up to 5.20% p.a. for 6 month.

key icon
Key features

There are a range of term options (1-13 months) available with the Term Deposit from Bank of Sydney, meaning you have plenty of choice when it comes to how long you want to keep your savings stashed away. 

As for rates, they start at 1.25% p.a. for a 1-month term, but if you plan to lock away your savings for six months, the interest rate on offer jumps to 5.20% p.a. You'll need a minimum deposit of at least $1,000 to open an account, and interest can be earned on balances up to $500,000. 

There are no account keeping fees and interest is paid out once the term deposit reaches maturity, but just remember that rollover is automatic, so make sure you let the bank know what you want to do before your deposit matures.

snapshot
Who is it good for

The Bank of Sydney Term Deposit could be a competitive option for Aussies who want to lock in their savings with a guaranteed rate for a short period of time. 

question icon
Any catches

As with most term deposits, there’s a minimum investment amount of $1,000. It's also worth pointing out that interest can’t be paid to another bank, so you’ll need to have an account with Bank of Sydney to take advantage of this deal.

Details

Rates and fees information correct as at 20 June 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

1.25% p.a. ($1,000 to $1,000,000)

1.50% p.a. ($1,000 to $1,000,000)

4.85% p.a. ($1,000 to $1,000,000)

4.00% p.a. ($1,000 to $1,000,000)

4.00% p.a. ($1,000 to $1,000,000)

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

4.50% p.a. ($1,000 to $1,000,000)

4.50% p.a. ($1,000 to $1,000,000)

5.10% p.a. ($1,000 to $1,000,000)

4.50% p.a. ($1,000 to $1,000,000)

4.50% p.a. ($1,000 to $1,000,000)

5.10% p.a. ($1,000 to $1,000,000)

4.80% p.a. ($1,000 to $1,000,000)

Other financial bits

$1,000.00

$1,000,000.00

Features

no

yes

none

none

Different interest rates apply to different amounts or different interest payment frequencies.

Customer Reviews

How are Bank of Sydney term deposits rated by the Mozo community?

Overall
7.5/10
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 term deposit 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.

About Bank of Sydney

Thumbnail icon for Judo Bank
Judo Bank

Term Deposit

5.25% p.a.

$1,000.00

Yes up to $250,000

Thumbnail icon for Rabobank
Rabobank

Term Deposit

5.00% p.a.

$1,000.00

Yes up to $250,000

Thumbnail icon for MyState Bank
MyState Bank

Term Deposit

5.00% p.a.

$5,000.00

Yes up to $250,000

Thumbnail icon for Southern Cross Credit Union
Southern Cross Credit Union

Term Deposit

4.80% p.a.

$5,000.00

Yes up to $250,000

Thumbnail icon for Judo Bank
Judo Bank

Term Deposit for SMSF

5.25% p.a.

$1,000.00

Yes up to $250,000

Thumbnail icon for Illawarra Credit Union
Illawarra Credit Union

Term Deposit

$50,000.00

Yes up to $250,000

Thumbnail icon for South West Slopes Bank
South West Slopes Bank

Term Deposit

$500.00

Yes up to $250,000

Thumbnail icon for Heritage Bank
Heritage Bank

Term Deposit

4.75% p.a.

$1,000.00

Yes up to $250,000

Thumbnail icon for Judo Bank
Judo Bank

Term Deposit

5.25% p.a.

$1,000.00

Yes up to $250,000

Thumbnail icon for Rabobank
Rabobank

Term Deposit

5.00% p.a.

$1,000.00

Yes up to $250,000

Thumbnail icon for MyState Bank
MyState Bank

Term Deposit

5.00% p.a.

$5,000.00

Yes up to $250,000

Thumbnail icon for Southern Cross Credit Union
Southern Cross Credit Union

Term Deposit

4.80% p.a.

$5,000.00

Yes up to $250,000

Thumbnail icon for Illawarra Credit Union
Illawarra Credit Union

Term Deposit

$50,000.00

Yes up to $250,000

Thumbnail icon for Judo Bank
Judo Bank

Term Deposit for SMSF

5.25% p.a.

$1,000.00

Yes up to $250,000

Thumbnail icon for ING
ING

Term Deposit

5.00% p.a.

$10,000.00

Yes up to $250,000

Thumbnail icon for South West Slopes Bank
South West Slopes Bank

Term Deposit

$500.00

Yes up to $250,000

Thumbnail icon for Judo Bank
Judo Bank

Term Deposit

5.25% p.a.

$1,000.00

Yes up to $250,000

Thumbnail icon for Rabobank
Rabobank

Term Deposit

5.00% p.a.

$1,000.00

Yes up to $250,000

Thumbnail icon for MyState Bank
MyState Bank

Term Deposit

5.00% p.a.

$5,000.00

Yes up to $250,000

Thumbnail icon for Southern Cross Credit Union
Southern Cross Credit Union

Term Deposit

4.80% p.a.

$5,000.00

Yes up to $250,000

Thumbnail icon for Illawarra Credit Union
Illawarra Credit Union

Term Deposit

$50,000.00

Yes up to $250,000

Thumbnail icon for ING
ING

Term Deposit

5.00% p.a.

$10,000.00

Yes up to $250,000

Thumbnail icon for Judo Bank
Judo Bank

Term Deposit for SMSF

5.25% p.a.

$1,000.00

Yes up to $250,000

Thumbnail icon for South West Slopes Bank
South West Slopes Bank

Term Deposit

$500.00

Yes up to $250,000

Thumbnail icon for Judo Bank
Judo Bank

Term Deposit

5.25% p.a.

$1,000.00

Yes up to $250,000

Thumbnail icon for Rabobank
Rabobank

Term Deposit

5.00% p.a.

$1,000.00

Yes up to $250,000

Thumbnail icon for MyState Bank
MyState Bank

Term Deposit

5.00% p.a.

$5,000.00

Yes up to $250,000

Thumbnail icon for ING
ING

Term Deposit

5.00% p.a.

$10,000.00

Yes up to $250,000

Thumbnail icon for Southern Cross Credit Union
Southern Cross Credit Union

Term Deposit

4.80% p.a.

$5,000.00

Yes up to $250,000

Thumbnail icon for Illawarra Credit Union
Illawarra Credit Union

Term Deposit

$50,000.00

Yes up to $250,000

Thumbnail icon for Judo Bank
Judo Bank

Term Deposit for SMSF

5.25% p.a.

$1,000.00

Yes up to $250,000

Thumbnail icon for South West Slopes Bank
South West Slopes Bank

Term Deposit

$500.00

Yes up to $250,000

Thumbnail icon for Judo Bank
Judo Bank

Term Deposit

5.25% p.a.

$1,000.00

Yes up to $250,000

Thumbnail icon for Rabobank
Rabobank

Term Deposit

5.00% p.a.

$1,000.00

Yes up to $250,000

Thumbnail icon for MyState Bank
MyState Bank

Term Deposit

5.00% p.a.

$5,000.00

Yes up to $250,000

Thumbnail icon for ING
ING

Term Deposit

5.00% p.a.

$10,000.00

Yes up to $250,000

Thumbnail icon for Southern Cross Credit Union
Southern Cross Credit Union

Term Deposit

4.80% p.a.

$5,000.00

Yes up to $250,000

Thumbnail icon for Illawarra Credit Union
Illawarra Credit Union

Term Deposit

$50,000.00

Yes up to $250,000

Thumbnail icon for Judo Bank
Judo Bank

Term Deposit for SMSF

5.25% p.a.

$1,000.00

Yes up to $250,000

Thumbnail icon for South West Slopes Bank
South West Slopes Bank

Term Deposit

$500.00

Yes up to $250,000

Compare other term deposits