The highest 1yr term deposit rates right now

Interest rates are at historically low settings but it is still possible to find good rates of return on your savings.

Police Bank has the highest rate for a 12 month term deposit currently (June 2015) with 3.20 per cent.

Credit Union Australia is offering 3.10 per cent. There are five banks and credit unions currently offering savers 3.0 per cent for a 12 month term, including ME Bank.