Which bank has the best term deposits?

All banks and credit unions offer a range of term deposits, from a few weeks in length to five years or longer. Most term deposits are fee free, unless the consumer tries to withdraw their money before the term has ended.

A recent large survey of Australian consumers found that Bendigo Bank scored well among savers for good term deposits. All savers using term deposits must be prepared to switch to a new institution to secure a good rate.

Source: Banking Day

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