What are the average term deposit rates now?

Average term deposit rates Average savings interest rates have fallen slightly in the last 12 months.

The average three month term deposit rate is now about 2.51 per cent per annum, down from 2.52 last year. The average one month term deposit rate is about 2.05 per cent, down from 2.06 one year ago. Clever savers can still get rates significantly higher than these averages by shopping around.

Source: The New Daily