Term deposit rates are still over three per cent

The best term deposit rates in the market right now are still over three per cent. In the popular 12 month term deposit market, fifteen institutions are offering rates of 3.0 per cent or more, according to InfoChoice.com.au listings. On six month terms, the best rate now in the market is 3.30 per cent. Savers can get up to 3.20 per cent on two year terms and up to 3.50 per cent on five year terms.

Source: bankheadlines.com.au