What are the top term deposit rates right now?
Despite falling interest rates, term deposits remain a favourite investment for millions of Australians. Retirees looking for a secure and safe income bearing investment are particularly inclined to take out a term deposit.
Right now, savers can still get term deposit rates well above three per cent. The best term deposits rates in the market are paying 3.80 per cent per annum for longer terms.
The best one year term deposit rate are paying about 3.30 per cent.