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 [...]

POSTED ON June 19, 2015
Which banks have raised rates on term deposits?

Several banks have increased term deposit interest rates in the last month to attract new money.Commonwealth Bank has raised its eight-month term deposit rate. Westpac [...]

POSTED ON June 5, 2015
1 year term deposit vs 3 year term deposit

Term deposits are a great way to secure a low risk investment income stream. While interest rates are low at the moment, many term deposits [...]

POSTED ON May 15, 2015
Yes you can still find good term deposit rates

Term deposits are traditionally an important part of many saver’s strategies and often comprise a big part of retiree’s income streams.Term deposit rates have come [...]

POSTED ON May 8, 2015
How long a term deposit is right for me?

Traditionally the most popular term deposits are 12 month terms. Three month and six month terms are also popular for people wanting flexibility.Two year terms [...]

POSTED ON April 17, 2015
New term deposit rules come under scrutiny

Term deposit rules are under scrutiny by the Australian Securities and Investments Commission.About 20 banks and credit unions have changed the conditions of their term [...]

POSTED ON April 2, 2015
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 [...]

POSTED ON March 23, 2015
Term deposits still paying good rates

Despite low interest rates, term deposits remain a firm favourite among Australian investors and savers.There are still term deposit rates over four per cent available [...]

POSTED ON March 11, 2015
Savers still like term deposits

The level of deposits in banks and credit unions is still rising despite low rates. One month ago, in January 2015, it was possible for [...]

POSTED ON March 3, 2015
How much can I earn on a term deposit?

Right now, in February 2015, savers with $10,000 in a six or twelve month term deposit account are getting average rates of 2.94 per cent [...]

POSTED ON February 25, 2015
Term deposit rules change

More than 20 banks and credit unions have changed the terms and conditions of their term deposit products. These institutions now require 31 days notice [...]

POSTED ON February 11, 2015
What to look for in a term deposit

Term deposits traditionally offer a slightly higher rate than at-call savings accounts, although average term deposit rates have fallen in 2013 and 2014. Despite falling [...]

POSTED ON November 18, 2014
Term deposit rates ease reports the RBA

Term deposit rates have eased in line with the favourable conditions in wholesale bank funding markets reported the Reserve Bank of Australia. Term deposit rates [...]

POSTED ON August 11, 2014
Savers slugged by RBA

Savers are getting slugged with low interest rates because cheap foreign money is allowing banks to cut term deposit rates.The Reserve Bank of Australia is [...]

POSTED ON June 16, 2014
Two million Aussies love term deposits

Lower interest rates on term deposits has not led to a big flight out of term deposits to other investments. While a small number of [...]

POSTED ON June 12, 2014
Term deposits hit a peak in demand

Over the last six years term deposits have been more popular with investors than ever before.Term deposits deliver good rates of return to savers, in [...]

POSTED ON June 4, 2014
Are you ‘laddering’ your term deposits?

Rates on term deposits are now around the three to five per cent range. Banks and other term deposit providers change their rates regularly and [...]

POSTED ON March 20, 2014
Term deposits have stable investment returns

The income returns of term deposits are not as volatile as some other fixed interest strategies have been and should continue that way reports Morningstar.“This [...]

POSTED ON January 10, 2014
Term deposits still very popular

Banks are still competing for funds but rates on term deposits have declined since mid-2011. Anyone putting money into term deposits needs to shop around [...]

POSTED ON November 27, 2013
Term deposit premium rates are falling

The banks are tightening the squeeze on depositors as they adjust to sluggish lending by reducing the premium above wholesale money market rates that they've [...]

POSTED ON October 29, 2013
Term deposits can work for you

Term deposits are simple savings accounts offered by banks, building societies and credit unions that pay a fixed rate of interest for a given term [...]

POSTED ON September 27, 2013
NAB has term deposits rates up to 4.5%

National Australia Bank is currently paying up to 4.50 per cent per annum for five year term deposits with interest paid annually. For interest paid [...]

POSTED ON September 20, 2013
Term deposit tricks and traps

Savers rolling over term deposits need to ensure that they are getting the best rates available. Banks offer different rates for different terms, creating a [...]

POSTED ON August 26, 2013
Newer term deposits lower the rollover risk

Many savers, particularly the elderly, get caught by term deposit rollover risk - when they let their deposit rollover from a high rate into a [...]

POSTED ON July 22, 2013
Term deposits grow in popularity

Term deposits have grown in popularity enormously in Australia in recent years. The Reserve Bank of Australia (RBA) reports the dollar value of term deposits [...]

POSTED ON July 17, 2013
Savers turning to longer term deposits

Average interest rates on a 180-day term deposit are about 3.89 per cent right now, compared with 5.45 per cent two years ago.12-month term deposit [...]

POSTED ON March 27, 2013
Baby boomers love term deposits

Term deposits make up about half of the banks' total deposits. In recent years they have gone from being priced at a discount to the [...]

POSTED ON March 21, 2013
Why term deposit rates change from week to week

Suncorp Bank executive manager Craig Fenwick says term deposit rates regularly fluctuate.“It depends what's happening in the financial markets and for banks' competition,” he says. [...]

POSTED ON December 18, 2012
Average 12m term deposit now 4.25%

Term deposit interest rates continue to fall but they are a long way off the lows experienced during the global financial crisis.Reserve Bank of Australia [...]

POSTED ON December 18, 2012
Term deposits – how they work for you

Term deposits are simple savings accounts offered by banks, building societies and credit unions that pay a fixed rate of interest for a given term [...]

POSTED ON October 16, 2012
Term deposits are now key investments

Term deposits used to be a vehicle for wealthy individuals and the older generations to park a bit of cash. But this all changed in [...]

POSTED ON September 28, 2012
UBank raises term deposit rates

UBank have increased its three, six and 12-month term deposit rates by between 10 and 22 basis points, only a couple of weeks after cutting [...]

POSTED ON September 21, 2012
Term deposits tipped to become better value

Term deposits are likely to become better value for savers than at-call accounts under new bank rules.Reserve Bank assistant governor Guy Debelle says retail banks [...]

POSTED ON September 19, 2012
Citibank and RaboDirect win awards for TDs

Citibank won the AFR Smart Investor Blue Ribbon award for best term deposit for periods between 30 days and 270 days.In the 360-day-plus category, the [...]

POSTED ON September 10, 2012
Average term deposit rate is now 3.75%

Depositors have been cushioned from falling interest rates by stiff competition for retail deposits but rates are still coming down. According to the Reserve Bank, [...]

POSTED ON September 4, 2012
Big differences on term deposit rates

Term deposits are a secure investment with minimal risk to investors because the interest rate is fixed and the government guarantees the deposit up to [...]

POSTED ON August 7, 2012
Young investors are warming to term deposits

The increasing popularity of term deposits among super investors is not being driven solely by risk averse older Australians according to new research from RaboDirect.The [...]

POSTED ON August 7, 2012
Now is the time to take action on term deposits

The time has come for all self-managed superannuation funds and larger private investors to stand up for themselves and negotiate much more vigorously with banks [...]

POSTED ON July 30, 2012
TD rates fall 0.5 per cent

Term deposit rates are on average 0.5 percentage points lower than late last year. Graham, principal of McPhail HLG Financial Planning said term deposits are [...]

POSTED ON July 5, 2012
RaboDirect offering 6% on 5 year term deposit

People wanting to lock their savings into the government guaranteed safety of deposits can still get rates of six per cent said Andrew Murray, chief [...]

POSTED ON May 28, 2012
Term deposit rates set to fall further

Deposit rates are expected to fall over the next year. Analysts from Deutsche Bank say there is “still scope for further downward moves in term [...]

POSTED ON May 16, 2012
Term deposits now 1.8% over RBA cash rate

ANZ Australia chief executive Phil Chronican said it was now cheaper for the bank to access volatile international wholesale markets than rely on deposit funding. [...]

POSTED ON May 14, 2012
Term deposits get favoured treatment from banks

Australia’s major four banks have been more generous with their three-month term deposits compared to their standard variable mortgage rates.The major four banks had passed [...]

POSTED ON April 24, 2012
Great value term deposits get more popular

Almost half of our savings are now tied up in term deposits.The minutes of the April Reserve Bank board meeting revealed just how important the [...]

POSTED ON April 23, 2012
Term deposit rollover costs $4b

Billions of dollars is being lost by savers who are getting their term deposits automatically rolled over to a lower interest rate by their bank.“Based [...]

POSTED ON April 23, 2012
Savers like NAB and ANZ term deposits

New figures from APRA, published on Friday, show deposit growth exceeded lending growth for the 16th consecutive month.Retail deposits at the major banks grew by [...]

POSTED ON April 2, 2012
Big banks all cut term deposit rates

The top four banks have each cut 20 basis points off their three-month term deposit rates since the start of the year. Longer-term savings rates [...]

POSTED ON March 23, 2012
Managing term deposits to get best returns

In a review of the term-deposit market in 2010, the Australian Securities and Investments Commission found a significant proportion of term deposits rolled over from [...]

POSTED ON March 21, 2012
Term deposit rates going up

The best rates in the term deposit market at the moment are being offered on six-month terms. The top rate for that term is 5.95 [...]

POSTED ON March 21, 2012
CommBank increases term deposit rates

The Commonwealth Bank announced it will increase interest rates for its six month Term Deposit account by 0.20 per cent. The bank also announced standard [...]

POSTED ON February 14, 2012
UBank, Investec & Arab Bank have top TD rates

Term deposit interest rates have been on the slide for the past six months on expectations of lower interest rates.Investors looking for a safe place [...]

POSTED ON February 1, 2012
Term deposits now paying 5 – 6 per cent

Two years ago, investors were earning 7 per cent from term deposits. Now the best 12-month term deposits are paying only about 5.5 per cent [...]

POSTED ON January 25, 2012
Government deposit guarantee falls to $250K

Many investors are reviewing their investments right now said Andrew Murray, chief executive of Curve Securities, pending the big change to the Commonwealth government’s deposit [...]

POSTED ON January 23, 2012
Low income super savers lose $35,000

New Federal Government co-contribution superannuation rules mean the nation's poorest workers will lose at least $32,000 by the time they retire. Low-income workers were promised [...]

POSTED ON January 3, 2012
Saving for income, growth and low tax

Savers need to take the inflation rate into account. If inflation rises faster than the interest rate you earn on your money, you will not [...]

POSTED ON December 30, 2011
Investors still rushing for term deposits

Investors continue to pull their money out of the stockmarket at record rates and ploughing their savings into term deposits.Australian term deposits have swelled by [...]

POSTED ON December 21, 2011
Bank of Melbourne to match any rate

The Bank of Melbourne announced it will match any of the big fours' advertised interest rates. The promotion applies to fixed and variable home loans, [...]

POSTED ON December 19, 2011
Savers told to lock in high rates now

Infochoice says the top rates on offer last week for 12-month term deposits were about 5.75 per cent, while for online savings accounts they were [...]

POSTED ON December 12, 2011
AMP brings term deposits to workplace super

AMP said the popularity of term deposits in its personal super products had led it to introduce term deposits for its corporate super products, CustomSuper [...]

POSTED ON December 8, 2011
Citi & Mystate have best 90day term deposits

Infochoice figures show that more than 30 institutions cut their term deposit rates over the past month. Reductions in 90-day deposit rates were in the [...]

POSTED ON December 1, 2011
Big bank term deposit rates falling fast

The big four banks have all lowered their term deposit rates this week. The rates are almost the same so I won't bother to differentiate. [...]

POSTED ON November 29, 2011
Credit unions offer best 3 year term deposits

Term deposit rates are no longer significantly higher than the leading at-call savings accounts rates now available in the marketplace.Term deposit rates have been falling [...]

POSTED ON November 23, 2011
Term deposits go super

One of Australia's largest super funds, AustralianSuper, is preparing to launch a range of term deposits as an alternative to cash options.AustralianSuper has signed up [...]

POSTED ON November 15, 2011
Sophisticated term deposits working for Westpac

Westpac is betting that investors in term deposits will become more sophisticated in their use of the product and start to look for some diversification [...]

POSTED ON October 14, 2011
Savings rates tipped to keep falling

Pricing across a raft of savings accounts is falling. In some cases, rates for term deposits and online savings accounts have fallen by 46 basis [...]

POSTED ON October 11, 2011
Credit unions tipped to reprice term deposits

A permanent guarantee of up to $250,000 on deposits will operate from February 1 next year, replacing the guarantee cap of $1 million introduced as [...]

POSTED ON September 21, 2011
Deposit guarantee lowered to $250,000

The cap on the Australian Government's guarantee on bank deposits will fall to A$250,000 from the present level of $1 million the treasurer, Wayne Swan, [...]

POSTED ON September 12, 2011
Australia Post to sell ING Direct term deposits

ING Direct will now sell term deposit products through Australia Post outlets, the Financial Review reports.Two thirds of its clients prefer to open an account [...]

POSTED ON September 8, 2011
Term deposit rates falling

AMP Capital chief economist Shane Oliver said term deposit rates had started to fall because banks are cashed up as consumers choose to save rather [...]

POSTED ON September 5, 2011
Term deposit rates falling

Term-deposit rates have fallen by about 0.3 of a percentage point recently and bankers say they might fall further.Most people like to put their money [...]

POSTED ON August 31, 2011
Term deposit rates fall as savings rise

Since the start of last week, 29 banks have cut their term deposit rates bringing the average two-year deposit rate down 40 basis points to [...]

POSTED ON August 25, 2011
Greens want term deposit trap closed

The Greens’ Adam Bandt’s amendments to the Banking and Consumer Credit Protection Amendment (Mobility and Flexibility) Bill 2011 includes one change to term-deposit disclosures.In relation [...]

POSTED ON August 23, 2011
Term deposit rates slashed

Term deposit rates have come down by around 30 basis points since the start of the month, as deposit-takers adjust to movements in wholesale markets [...]

POSTED ON August 22, 2011
Term deposits are not all the same

Most institutions will charge an interest “penalty” for early withdrawals of term deposits, meaning you can lose much of your interest, while some don't allow [...]

POSTED ON July 29, 2011
DIY term deposits but beware dual pricing

Last year, the Australian Securities and Investments Commission released the results of a survey of term deposits that showed many financial institutions engaged in "dual [...]

POSTED ON May 24, 2011
Investors look at shorter terms for higher rates

Investors need to consider a range of investments to diversify portfolios and maximise opportunities as interest rates rise.The Reserve Bank of Australia made it clear [...]

POSTED ON May 23, 2011
ING offers pick your own term deposit

ING Direct offers 6.3 per cent for a seven-month term, and 6.5 per cent for a year. Others are offering 6.6 per cent for a [...]

POSTED ON March 29, 2011
Lazy depositors can get over 7 per cent

RaboDirect last week launched a five-year term deposit with an interest rate of 7.15 per cent a year. The bank says it's the best five-year [...]

POSTED ON March 28, 2011
St George predicts winter rate rise

The Reserve Bank will continue its upward cycle of rate rises in May or June, according to St George chief economist Besa Deda. "You have [...]

POSTED ON February 7, 2011