firstmac offer term deposits for amounts between $5,000 to $5 million. 1 month deposits are 1.95% and 2 months at 2.00%, but the rate jumps to 2.75% for terms of 3, 6, 9 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.
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.