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Term deposits

Looking to lock away some cash for the short or long term? Mozo can help you get the best return on your money. Our whole market comparisons will help you find the best term deposit for your investment needs.

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  • We compare 71 term deposits from 64 banks

  • We update term deposit information on our site daily

  • You can read unbiased term deposit reviews on Mozo

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    • ING DIRECT Term Deposit
      • No ING DIRECT fees
      • Deposit from $10K to $5 million
      • Loyalty Bonus Rate on rollover
    • interest rate*

      3.00%
      6 months

    • Go to site
    More info
    • AMP Term Deposit
      • No account fees
      • Decent returns earning interest on your savings
      • Interest payable every one, three or six months (special conditions or reduced rates apply)
    • interest rate*

      2.75%
      6 months

    • Go to site
    More info

*Different interest rates apply to different amounts or different interest payment frequencies.

  • Term deposit reviews

      • Bank of Queensland

        Bank of Queensland term deposit review

        Great follow up service

        11. Overall customer rating
        12. (Reviewed 3 days ago)

        They work to assist their customer. Other banks expect you to support them. You are more than a number.  Full review 

        They work to assist their customer. Other banks expect you to support them. You are more than a number.


          11. Price
          11. Features
          11. Customer service
          11. Convenience
          11. Trust
        Less
        Bank of Queensland term deposit review by Lois from Queensland

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      • Quay Credit Union

        Quay Credit Union term deposit review

        Great customer service

        11. Overall customer rating
        12. (Reviewed 3 days ago)

        Always available to speak to you.  Full review 

        Always available to speak to you.


          11. Price
          11. Features
          11. Customer service
          11. Convenience
          11. Trust
        Less
        Quay Credit Union term deposit review by Lexier from Queensland

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      • ING DIRECT

        ING DIRECT term deposit review

        High interest rates and no fees

        11. Overall customer rating
        12. (Reviewed 3 days ago)

        I have always found ING amazing to deal with. You actually get a real person on the phone and not some foreign call centre either! They have consistently had the highest interest rates for term deposits for the last 5 years. Easy to set up and man...  Full review 

        I have always found ING amazing to deal with. You actually get a real person on the phone and not some foreign call centre either! They have consistently had the highest interest rates for term deposits for the last 5 years. Easy to set up and manage online. The only hard part is no branches or ATMs but the phone service is so good that any problem I have had has been resolved straight away.


          11. Price
          11. Features
          11. Customer service
          11. Convenience
          11. Trust
        Less
        ING DIRECT term deposit review by Nicole from Victoria

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    • Finding the best return for your investment

      Term deposits might not be the sexiest investment, but they do offer a safe haven in choppy financial seas. In these days of economic uncertainty, term deposits are gaining popularity as a safe place to park spare cash and fix against future interest rate falls.

      Finding the best term deposits rates on the market can be a time consuming exercise, but Mozo can help you weigh them up with ease. Our database has all the best Australian term deposit rates and covers all the main financial institutions, including: the Commonweath Bank, NAB, Westpac, ANZ

      You'll also find top bank term deposits from Australia's leading challenger brands such as: ING DIRECT , Bankwest, UBank. With these great tools, you can compare term deposit rates Australia wide

      You can also get the inside story on the best deals from those in the know with reviews by the Mozo community.

    • Finding the best rate for the right time period

      Whether you're looking for a 6 month or 5 year account, our nifty comparison tools let you quickly filter and compare term deposits according to the features and fixed term you want. You can shortlist term deposits and compare your rates, fees and features side-by-side to pick a winner.

    • Finding the best term deposit rates

      Before you compare term deposits, remember that your money will be locked away from reach for the length of the term. Make sure that you won't need to access your cash before the term is up, as early withdrawal fees can be harsh.

      Fixed deposit terms range from as little as 30 days to three years or more. Interest rates differ according to the length of the term and the amount you are investing, so it pays to shop around for the best interest rates for terms applicable for your situation.

      It is work crunching the numbers with a term deposit calculator to find best rates that Australian banks can offer you. By using our calculator to make a term deposit rates comparison, you can also see how much your investment will be worth at the end of the investment period and compare this with high interest savings accounts rates.

    • Interest rates across Australia

      Banks calculate and pay interest for deposits in different ways, such as daily, monthly, quarterly and annually. Trying to compare term deposit rates in this way is enough to give anyone a headache, but finding the best rate for a situation, you'll get a deposit product that pays interest frequently and automatically rolls the interest back in will give you a bigger pot of gold at the end of the rainbow.

      So for the best term deposit interest rates in Australia, set aside a little time to work out what you want from your fixed term investment and use our online quide to compare term deposit interest rates.

      This pages is about personal term deposits, head over to our business banking section if you're after business deposits.

  • Term deposit calculators

    Crunch numbers with our handy calculators.

  • Term deposit guides

    Don't get locked in a dud term deposit. Get the best account and highest savings interest tips with our handy guides.

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