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firstmac Term Deposit

Best rate (up to 1 year)
0.95% p.a.1 year
Interest paid to another bank?
yes

Mozo editorial review firstmac Term Deposit

Last updated: 14 September 2020.

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What's hot
  • 0.75% for 6 month terms (balances over $5,000)
  • 0.65% for 3 month terms (balances over $5,000)
  • Interest can be paid to another bank
What's not
  • Minimum $5000 deposit required
Mozo snapshot

If you have some cash you want to lock away for a short of medium term period, then a firstmac term deposit could be your savings answer. With rates of up to 0.95% for 1 year terms (for balances over $5,000) and the option to have your interest paid into another bank account, firstmac could be the competitive, flexible option to help your savings stash grow. 

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Key features

firstmac offer term deposits for amounts between $5,000 to $5 million. 1 month deposits are 0.40% and 2 months at 0.45%, but rates range from 0.65% to 0.95% for terms of 3, 6, 12 and 24 months. 

Interest is paid at maturity, or monthly for longer terms, though keep in mind this might impact your interest rate.

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.

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Who is it good for

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

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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.

Details

Rates and fees information correct as at 22 September 2020. 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.
Rates
  • 0.40% p.a. ($5,000 to $5,000,000)

  • 0.45% p.a. ($5,000 to $5,000,000)

  • 0.65% p.a. ($5,000 to $5,000,000)

  • 0.75% p.a. ($5,000 to $5,000,000)

  • 0.95% p.a. ($5,000 to $5,000,000)

  • 0.95% p.a. ($5,000 to $5,000,000)

Other financial bits
  • $5,000.00

  • $5,000,000.00

Features
  • none

  • yes

  • yes

  • none

  • none

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

Customer Reviews

This product is not currently reviewed.

firstmac

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.

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