based on 24 Challenger banking product reviews as rated by Mozo community

Challenger term deposits

Challenger is an online bank providing customers with a range of savings and lending products. Challenger offers competitive interest rates and fees and are Australia's largest provider of annuities. They won several Mozo Experts Choice Awards in 2022. 

Challenger offers the following term deposits

Rates and fees verified as correct at 13 August 2022. 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

3.25% p.a.1 year

$5,000.00

yes

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Challenger term deposits

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