Term Deposit Rates
Posted January 29th, 2010
and last modified March 9th, 2010Term Deposits are fixed-interest accounts offering you the assurance and certainty of return as you “lock” or “fix” the rate for a set period of your term investment. This usually can vary as short as one month, up to 3 years, and you will get a better rate if you opt in for a longer period.
Most people end up getting a term deposit with their regular bank without even checking the term deposit interest rates that other banks are offering. This is mainly because of the convenience associated with the whole process. You can however, get a higher term deposit interest if you do some research, compare and find out the term deposit interest rates that other banks are offering. Specifically online term deposits sometimes offer a higher term deposit rate than a regular term deposit rate.
By taking the time to find a higher term deposit rate you will be set to earn a higher term deposit rate for your investment term compared to someone who just settled for the “convenience factor”.
| Term Deposit | 1 mth | 3 mth | 4 mth | 6 mth | 12 mth | 24 mth | 36 mth | 48 mth | 60 mth | Min and Max Deposit | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 Macquarie Bank Term Deposit |
4.10% | 4.20% | 5.50%
4mths at 5.75% |
5.50% | 6.00% | 6.00% | 6.00% | 6.10% interest on maturity | 6.00% interest paid annual | $10,000 – 1m |   |
 Suncorp eOptions flexiRates |
3.75% | 4.30% | 5.10% | 5.45% | 6.45% | - | - | - | - | $1 – $50m | |
 Bankwest Term Deposit |
2.00% | 3.00% | 5.60% (5 months) | 5.01% | 5.40% | 5.70% | 6.20% | 6.65% | 7.00% | $1,000 – 5m | |
|
|
3.75% | 4.30% | 5.10% | 5.45% | 6.45% | - | - | - | - | $1 – $50m | |
Suncorp Term Deposit |
- | - | 5.05% | - | 6.00% | - | 7.00% | - | - | $10,000 – 24,999 | |
 St George Term Deposit |
- | - | 5.30% | 5.95% for 5mths | 6.00% for 7mths | 6.00% | 7.00% | 6.50% | 7.25% | $5,000 – $5m | |
Once you compare the term deposit rate, try out Savings Account Finder Term Deposit Calculator, to work out your potential earnings.
Submit a Comment
Top 6 High Interest Savings Accounts
All of these accounts are FREE to open and require no minimum deposit. They all have easy internet banking access with no transaction fees.
| Savings Account | Interest Rate | |
|---|---|---|
 INGDirect Saver |
5.85%* only for 4 months | |
St George Direct Saver |
5.75% |  |
 Citibank Online Saver |
5.71% for 6 months | |
Bankwest Telenet Saver |
5.62%* for 12 months | |
 ANZ Online Savings Account |
5.50% | |
 NAB iSaver Account |
5.40% | |
Got a Question? Ask it in the box below