firstmac Term Deposit

2.75% p.a.6 months



firstmac Term Deposit Review

Rates and fees information correct as at 24 January 2019.

Review published: 7 March 2013

What's hot:

  • 2.65% for 1 year

  • Mozo Experts Choice Award Winner 2018

What's not:

  • Minimum $5000 deposit required

Mozo snapshot:

If you have some cash you want to lock away for the short-term, you should consider firstmac, the winner of a Mozo Experts Choice Award for Short Term Deposit. firstmac term deposits are backed with an Australian Government guarantee on deposits for terms varying from 30 days to 2 years, offering their best rate of 2.75% for 24 months.

Key features:

firstmac offer term deposits for amounts between $5,000 to $5 million. 1 month deposits are 2.00% and 2 months at 2.10%, but rates range from 2.55% to 2.75% for terms of 3, 6, 12 and 24 months. 

Interest is paid at maturity, and the firstmac term deposit account offers automatic rollover or you can select from a number of options ranging from splitting the principal from the interest or simply closing the account. You can give firstmac a call at anytime before maturity and adjust your payout instructions.

Who it's good for:

firstmac term deposits will workout best for anyone wanting to make a short term investment at a great interest rate.

Any catches?

You can only apply for a firstmac term deposit online but if you need help with your application or account they have a range of customer service options from web chat, skype, email or phone.

The Mozo community has not yet rated firstmac for this term deposit.


  • 2.00% p.a. ($5,000 to $5,000,000)

  • 2.10% p.a. ($5,000 to $5,000,000)

  • 2.55% p.a. ($5,000 to $5,000,000)

  • 2.75% p.a. ($5,000 to $5,000,000)

  • 2.65% p.a. ($5,000 to $5,000,000)

  • 2.75% p.a. ($5,000 to $5,000,000)

  • yes

  • yes

  • none

  • none

About firstmac

Firstmac has more than 30 years' experience in home and investment loans. It is an Australian-owned financial services provider and has written in excess of 68,000 home loans in the past decade. Firstmac manages approximately $5 billion in mortgages and $150 million in cash investments and is a premier sponsor of the Brisbane Broncos.

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

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