Best term deposit rates March 2020

The best term deposit rates on InfoChoice are over 2.0% pa in March 2020.

The highest Australian term deposit rate in March 2020 on InfoChoice is 2.15% pa (for five years) from Judo Bank (as at 16 March 2020).

The best term deposits let you choose between collecting interest monthly, yearly or upon maturity. The highest term deposit rates are available on the longer terms.

Term deposit market leader Judo Bank has cut their term deposit rates twice since the RBA’s cut to official interest rates on Monday 16 March 2020.

All the new Judo Bank term deposit rates are:

Go directly to Judo Bank term deposit interest rate information at InfoChoice.

Term Deposit tip: Think about multiple term deposits

Term Deposits in Australia are generally fee-free, so you can have as many as you want without racking up charges for each account.

Many Aussie savers do the bare minimum with their term deposits, set and forget and wait for the interest payments.

Splitting up your cash into multiple term deposits of various lengths lets you grab the best rates as they come up and take the benefits of the high rates on offer on longer terms.

One term deposit with all your money in it means it is locked away and you can’t grab better rates as they appear.

Read more about laddering and multiple term deposits in InfoChoice’s Guide to investing in the best term deposits.

Top term deposit rates, March 2020

Citi is paying 1.70% pa on 3-month term deposits and 1.80% on amounts over $250K.

Go directly to Citi term deposit interest rate information at InfoChoice.

UBank is paying 1.60% pa on 3 and 4-month terms. UBank has a 0.10% pa loyalty bonus when you roll-over your UBank term deposit into a new UBank TD.

Go directly to UBank term deposit interest rate information at InfoChoice.

InfoChoice’s top 12-month term deposit rates 16 March 2020

Judo is paying a market-leading rate of 1.95% pa,

Highest 6-month term deposit rates on InfoChoice:

Judo is paying 1.90% pa, well ahead of the second highest 6-month TD provider, Greater Bank at 1.50% pa.

Compare term deposits from Australia’s banks, credit unions and neobanks at InfoChoice.

This article is general news and information, not financial advice. Seek personal advice before making investments.

The products compared in this article are chosen from a range of offers available to us and are not representative of all the products available in the market and influenced by a range of factors including interest rates, product costs and commercial and sponsorship arrangements

InfoChoice compares financial products from 145 banks, credit unions and other financial institutions in Australia. InfoChoice does not compare every product in the market. Some institutions may have a commercial partnership with InfoChoice. Rates are provided by partners and taken from financial institutions websites. We believe all information to be accurate on the date published. InfoChoice strives to update and keep information as accurate as possible.

The information contained on this web site is general in nature and does not take into account your personal situation. Do not interpret the listing order as an endorsement or recommendation from us