Best rate (up to 1 year)
2.60% p.a.1 year
Minimum deposit
Interest paid to another bank?

Mozo editorial review firstmac Term Deposit - last updated: 10 May 2022

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What's hot
  • 1.95% p.a. for 6 month terms (balances over $5,000)
  • Interest can be paid to another bank
What's not
  • Minimum $5,000 deposit required
Mozo snapshot

If you have some cash you want to lock away for a short or medium period of time, then a Firstmac term deposit could be your savings answer. With the option to have your interest paid into a separate bank account and rates of up to 2.60% p.a. for 12-month terms, Firstmac could be the flexible option to help your savings stash grow.

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Key features

Firstmac offer term deposits for amounts between $5,000 and $5 million. Rates range from 0.45% p.a. (for 1-month terms) to 2.75% p.a. (for 24 month) when paid at maturity.

Firstmac also gives you the option to have your funds automatically rolled over into another term, upon maturity. Or you can choose to split the principal from the interest or simply close the account. You can contact Firstmac at anytime before maturity, to adjust your payout instructions.

Who is it good for

A Firstmac term deposit would be most suited to someone looking to stash a lump sum for a shorter period of time.

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Any catches

You can only apply for a Firstmac term deposit online. However, if you need help with your application or account they have a range of customer service options including web chat, Skype, email or phone.


Rates and fees information correct as at 23 May 2022. 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.

0.45% p.a. ($5,000 to $5,000,000)

0.65% p.a. ($5,000 to $5,000,000)

1.20% p.a. ($5,000 to $5,000,000)

1.95% p.a. ($5,000 to $5,000,000)

2.60% p.a. ($5,000 to $5,000,000)

2.75% p.a. ($5,000 to $5,000,000)

Other financial bits








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

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