| Product | Best rate (up to 1 year) | Minimum Deposit | Interest paid to another bank? |
|---|---|---|---|
| Term Deposit |
5.10% p.a.10 months ($5,000 to $200,000) |
$5,000.00 |
yes |
Mozo users have rated Bank of us term deposits on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
Be careful with term deposits. My financial advisor invested in me for 3 years. Interest rates after a year started coming up. Bank refused to reinvest for me at a better rate. I was told it was locked in at .8% and that I would just have to wear this for another 2 years. I won't be reinvesting my $240,000 with them ever again. As a self-funded retirees, we were paying huge interest rates when we were young. Now in retirement, we have to endure low interest on our investments. I think the Bank of us could have done better.
Read full reviewBe careful with term deposits. My financial advisor invested in me for 3 years. Interest rates after a year started coming up. Bank refused to reinvest for me at a better rate. I was told it was locked in at .8% and that I would just have to wear this for another 2 years. I won't be reinvesting my $240,000 with them ever again. As a self-funded retirees, we were paying huge interest rates when we were young. Now in retirement, we have to endure low interest on our investments. I think the Bank of us could have done better.
They are just easy to deal with in store and over the phone.
Read full reviewThey are just easy to deal with in store and over the phone.
This bank offers the best interest rates for a term deposit, with long term savings ideas and excellent personal assistance.
Read full reviewThis bank offers the best interest rates for a term deposit, with long term savings ideas and excellent personal assistance.