ING offers pick your own term deposit

ING Direct offers 6.3 per cent for a seven-month term, and 6.5 per cent for a year. Others are offering 6.6 per cent for a one-year fixed term.

The ING product allows a maturity date of your choice, to nearest day. New and existing customers can choose any maturity date between a minimum term of 30 days and a maximum of 365. A bonus of 0.1 percentage points is possible on renewal. There is a minimum investment of $10,000.

Like any term deposit, rates vary and when you want funds to be available it might be at a lesser rate than a shorter term. Term deposit rates are beginning to top out in the market, so get them while you can.

Source: The Australian