Term deposits

If you're between investments and need somewhere safe to park your cash while you plan your next move, one month term deposits can be a great way to maximise interest on your hard earned nest egg.

What happens to my money after one month is up?

After one month, your term deposit will have matured, meaning you can access your money. Some banks will allow you to roll over your balance, meaning that the high interest will continue until you transfer the money elsewhere.

How do I compare and find the best high interest term deposit?

It's easy to find the best high interest term deposit in one easy step with Mozo's comprehensive high interest term deposit search tool. You can also try our term deposit calculator to help you compare interest rates and term deposit term to give you the best return.

How do I apply for a 1 month term deposit?

Once you've chosen the right 1 month term deposit for your needs, you can apply online by clicking on the 'go to site' button for the term deposit bank of your choice.

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1 month term deposit comparisons on Mozo - rates updated daily

  • MOZO EXPERTS CHOICE AWARDS 2021

    Judo Bank Term Deposit

    Judo Bank Term Deposit

    • 2020 Mozo Experts Choice Award winner
    • 2.15% rate for a five year term
    • Option to have interest paid to another bank

    interest rate

    Minimum deposit

    Govt Deposit Guarantee

    Yes up to $250,000

    Go to site

    More info

    • 2020 Mozo Experts Choice Award winner
    • 2.15% rate for a five year term
    • Option to have interest paid to another bank
    • Maximum deposit:
    • Can interest be paid to another bank?: yes
    • Automatic rollover: yes
    Overall rating

    5.0

    Based on 4 Judo Bank term deposit reviews

    Need more information?
    Go to site

    More info

  • Citi Term Deposit

    Citi Term Deposit

    • Competitive 6 month rate for new to bank funds
    • $0 Setup and account-keeping fees
    • Guaranteed interest rate

    interest rate

    0.15% p.a.
    1 month

    Minimum deposit

    $10,000

    Govt Deposit Guarantee

    Yes up to $250,000

    Go to site

    More info

    • Competitive 6 month rate for new to bank funds
    • $0 Setup and account-keeping fees
    • Guaranteed interest rate
    • Maximum deposit: $2,000,000
    • Can interest be paid to another bank?: no
    • Automatic rollover: yes
    Overall rating

    6.7

    Based on 15 Citi term deposit reviews

    Need more information?
    Go to site

    More info

  • Teachers Mutual Bank Term Deposit

    Teachers Mutual Bank Term Deposit

    interest rate

    Minimum deposit

    Govt Deposit Guarantee

    Yes up to $250,000

    Go to site

    More info

    • Maximum deposit:
    • Can interest be paid to another bank?: yes
    • Automatic rollover: yes
    Overall rating

    8.4

    Based on 33 Teachers Mutual Bank term deposit reviews

    Need more information?
    Go to site

    More info

  • BankVic Term Deposit

    BankVic Term Deposit

    interest rate

    Minimum deposit

    Govt Deposit Guarantee

    Yes up to $250,000

    Go to site

    More info

    • Maximum deposit:
    • Can interest be paid to another bank?: yes
    • Automatic rollover: yes
    Overall rating

    7.9

    Based on 9 BankVic term deposit reviews

    Need more information?
    Go to site

    More info

Want more? Compare all 86 term deposits in the Mozo comparison engine.

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