What are the best one year term deposit rates?
One year (12 month) term deposits are one of the most popular investment vehicles for Australian savers. Even though official interest rates are falling, now down to 1.75 per cent, savers can still get term deposit rates over 3.0 per cent. The best rates now available on 12 month term deposits are around the 3.30 per cent mark. There are currently more than twenty institutions offering 12 month term rates of 3.0 per cent or more.