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Big Sky & Teachers have best 12m term deposits

01/12/2011

Infochoice figures show that more than 30 institutions cut their term deposit rates over the past month. The top rate for a 12-month term is now 5.75 per cent, which is being offered by Big Sky Credit Union and Teachers Credit Union.

Qantas Staff Credit Union is offering 5.7 per cent. First Choice Credit Union and Police Credit Union are both offering 5.6 per cent. Among the big banks, NAB and Westpac are offering 5.3 per cent for 12 months, Commonwealth is offering 5.2 per cent and ANZ is on 5.0 per cent.

Source: Banking Day



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