firstmac Term Deposit

2.55% p.a.1 year

yes

 

firstmac Term Deposit Review

Rates and fees information correct as at 23 November 2017.

Review published: 7 March 2013

What's hot:

  • 2.30% for 3 months

What's not:

  • Minimum $5000 deposit required

Mozo snapshot:

If you have some cash you want to lock away for the short-term, a firstmac term deposit could suit your plans. 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 2.65% for 24 months.

Key features:

firstmac offer term deposits for amounts between $5,000 to $5 million. 1 month deposits are 1.50% and 2 months at 1.75%, but rate ranging from 2.30% to 2.65% 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.

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.

Rates

  • 1.50% p.a. ($5,000 to $5,000,000)

  • 1.75% p.a. ($5,000 to $5,000,000)

  • 2.30% p.a. ($5,000 to $5,000,000)

  • 2.45% p.a. ($5,000 to $5,000,000)

  • 2.55% p.a. ($5,000 to $5,000,000)

  • 2.65% 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.

*Rates shown are for interest paid annually, or on maturity for terms less than 1 year.

Compare other term deposits