RaboDirect offering 6% on 5 year term deposit

People wanting to lock their savings into the government guaranteed safety of deposits can still get rates of six per cent said Andrew Murray, chief executive officer of Curve Securities, a specialist broker in cash investments.

“Right now the best returns are from one year term deposits but there is a good deal right now from RaboDirect at six per cent on five year terms.”

That six per cent rate on five years from RaboDirect is the highest rate currently available for any length term deposit according to data supplied by financial comparison service Infochoice.com.au.

“If you can lock in six per cent for five years that is a very good outcome right now,” said Murray.

Source: Courier Mail