Home / Term Deposits / Term Deposit Interest Rates

Term Deposit Interest Rates

Search & Compare more Term Deposits & Savings Accounts

Select state:
 Account Purpose
Fixed Term At Call Savings
 

Savings Amount?
$
Your Savings Term

 Standard
 Online
 Farm Management
 Savings Standard
 Online Savings
 Cash Management
 Childrens
 First Home Savers
  Pensioner Deeming
 Christmas Club
 Farm Management
 Superannuation
 
 


Search criteria selected:
  • State: All
  • Savings amount: 10,000
  • Account Purpose: FixedTerm
  • Savings Term: 1 year
  • Standard, Online
  • Features: Savings Standard, Online Savings, Cash Management

Click on column heading to sort table
Compare Selected
 Institution Product Name (click for details) 90 Days 180 Days 1 Year 2 Years 3 Years 4 Years 5 Years Rate For Selected Term Visit Provider's Website
UBank Term Deposits 5.61 5.91 5.41 - - - - 5.41 Proceed
Bankwest tddirect (online) 5.65 5.30 5.05 5.05 5.15 5.40 5.55 5.05 Proceed
Term Deposit Specials - New Funds 5.65 5.30 4.80 4.70 4.80 5.10 5.30 4.80 Proceed
Q Term Deposits 5.80 5.70 5.60 - - - - 5.60
RaboDirect Term Deposit (online) 5.60 5.80 5.60 5.70 6.00 6.00 6.50 5.60
On-line Term Deposit 5.90 5.70 5.40 5.40 - - - 5.40
Term Deposit 5.45 5.45 5.35 5.30 - - - 5.35
Term Investment 5.30 3.10 5.35 5.40 5.50 5.70 5.80 5.35
Edvest Term Deposit 5.60 5.50 5.35 5.40 5.80 - - 5.35
Term Deposit 5.30 5.80 5.30 5.20 5.25 3.85 5.50 5.30
Term Deposit 5.75 5.30 5.30 5.50 6.00 5.60 6.00 5.30
Premier Investment 3.20 5.70 5.30 5.50 5.60 5.00 - 5.30
MoneyMAX T Series 4.75 5.00 5.30 5.30 5.30 - - 5.30
Term Deposit (online) 5.70 6.00 5.30 5.30 - - - 5.30
ME Bank Super Members Term Deposit 5.70 5.90 5.30 5.40 - - - 5.30
Term Deposit Account 5.80 5.60 5.30 5.30 - - - 5.30
Money Maker Term Deposit 5.05 4.85 5.30 4.85 5.05 5.05 5.05 5.30
Term Deposits (10000-49999.99) 5.80 5.60 5.30 5.30 5.30 - - 5.30
Rural Bank ONE Personal Term Deposit (Online) 5.70 5.65 5.30 - - - - 5.30
Rural Bank ONE Business Term Deposit (Online) 5.70 5.65 5.30 - - - - 5.30
Compare Selected
 Institution Product Name (click for details) 90 Days 180 Days 1 Year 2 Years 3 Years 4 Years 5 Years Rate For Selected Term Visit Provider's Website
1234

Sponsored Savings Account and Term Deposit Listings
InfoChoice displays Savings accounts & Term deposits from providers that sponsor our site first and with a “SPONSORED” indicator in the left most column. To re-sort the savings account and term deposit comparison list without this filter - simply  de-select the “Show sponsored listings first” checkbox.

Savings
* Default sorting is based on the maximum monthly interest rate in descending order.
* Monthly interest is the savings amount accumulated over the first month. Use our Savings Calculator to project further accumulation of funds. 
'Max Monthly Interest' includes any introductory rates that may only apply for a limited period and bonus rates that may only apply if certain conditions are met. 
'Base Monthly Interest' includes the the ongoing savings interest rate with no introductory or bonus interest.
* Default value for monthly interest is based on a savings amount of $10,000.

Term Deposits
* Default sorting is based on monthly interest in descending order.
* Monthly interest is the savings amount accumulated over the first month. Use our Term Deposit Calculator to work out interest savings on different periods.
* Default value for monthly interest is based on a deposit amount of $10,000, using a 180 Day Term Deposit Rate.

 




Not sure if a term deposit is right for you? Read on.

Term deposit is a type of an investment where your interest rate is guaranteed and is not changed for the specified period of time or maybe “term” that you choose to invest your money in. If you lock your term deposit rate and if the period is already set then you can easily calculate the worth of your investment. The only way to select the term for your deposit is to choose the term that fits best with your other investments and saving plans.

You can use your term deposits smartly as a regular source of income, if only; the amount which you are investing is worth of it. The interest rate that you earn will always vary from the institution depending only on the time and the amount of money which you look for investing.

Term deposits often offers good interest rates and this comes as a shock for many people because in the generation of online banking it is very difficult to give higher interest rates in the savers market. The main reason for this is:

1.)    The banks match their deposits with their investment terms only
2.)    The banks are attracting more and more of local funding instead of going for overseas funding of the deposits book.

Why you should go for term deposits?

1.)    Interest is calculated on the daily basis and can be easily paid on existing investments.
2.)    The payment on the interest can be paid quarterly, annually and also at the maturity depending on the type of investment chosen.
3.)    The range of the terms is from 30 days to 5 years.
4.)    No need of paying any management or establishment fees
5.)    Maturity advice is sent on the weekly basis prior to the date of investments maturity.


Apart from the interest rate factor, there are many other reasons why term deposits are more suitable than any other investment options. Term deposits can only help you to stay disciplined and it will help you in avoiding the temptation of frequent withdrawals. You can easily match the term deposits with your timing and your need of the cash flow.

Term deposits are very helpful if you are saving your money for your first home, or a new car or maybe a good vacation. The major banks in Australia will always compete with each other on the grounds of term deposits for their customer’s savings.