Term DepositsNeed some help? Checkout our Term Deposits Guide
1 Year Term Deposits
ING DIRECT Term Deposits—Savings for the long-term• No ING DIRECT fees • Minimum deposit of $10,000 • 24/7 Australian based customer service
Welcome to RateCity's Term Deposit section.
Term deposits are funds deposited into an account for a fixed term with the purpose of earning interest. The interest rate that a term deposit receives is dependent on the amount and the term. Term deposit providers will offer different interest rates based on these factors as well as others, so compare deals to find a rate you are happy with.
Whether you are looking to invest your money into a short-term or long-term term deposit, RateCity helps you to find some of the best term deposit to suit your financial needs. RateCity allows you to search, compare and apply from over 8000 term deposit accounts. To start searching, fill in the form at the top of the page or choose from one of our popular searches at the base of this page.
Term Deposits Guide
RateCity's Term Deposits Guide provides you up-to-date information to assist you with your decision of what Term Deposit account will best suit your investment needs. It also holds a range of hints and tips and for all you need to know about Term Deposits and what you need to be aware of.
Looking to invest your money for an extended period or maybe it's only 30 days. Whatever your needs, there are a range of products to compare from. RateCity is here to help you make an informed decision, so why not start today.
Term Deposit Articles
When searching and applying for your Term Deposit, head to our articles section for a range of definitions associated with your next investment. Whether you need to know about how interest rates are calculated or what defines a short-term deposit, the answers are here.
High Interest Term Deposits
If you are in the market for a high interest term deposit, you can search, compare and apply for a range of high interest term deposits accounts to find the best rates for your investment. You can compare high interest deposits according to their type, interest rate, investment amount, as well as length of term to see which products will provide you the highest returns. High interest term deposits rates will differ depending on the lenght of your investment, so use RateCity's search to see what term length will give you the highest interest rate.
Naturally, high interest rates are not the only feature to consider. Also front of mind should be annual fees, payment frequency, whether there is an automated rollover feature when maturity is reached and how you actually receive notice of the loan maturing be it over the phone, internet or letter.
Fixed Term Deposits
When you compare term deposit accounts, you will notice that they are all fixed term deposits. This is the big difference between term deposit accounts and other deposit accounts such as online savings accounts. Fixed term deposits have a fixed interest rate for a set period of time so the rate you open the account with at the start of the term is the same rate you receive interest for throughout the whole term. You must be sure about the length of time you are able to lock your money away because you can be penalised for withdrawing your investment early.
Compare from a range of fixed term deposit accounts
Short Term Deposits
If you are looking for a short term deposit, search, compare and apply for hundreds of short term deposits to find the highest rates for your investment. You can compare short term deposits according to the amount and term length to see which products will best suit your short term needs. By ranking their interest rates, you can discover the most competitive short term deposits in Australia. These products give you flexibility in storing your money for a shorter term, typically less than 12 months, so compare online to see the benefits of short term deposits, here at RateCity.
Find a short term deposit account
Long Term Deposits
Here you can search, compare and apply for long term deposits to find the best returns for your investment. You can compare long term deposits accounts by the amount invested and term length to see which products will best support your needs. By ranking interest rates from highest to lowest, you can discover the most attractive long term deposits in Australia. Long term deposits typically receive a higher interest rate, so make sure you compare online to see how much more you could be earning.
Find a long term deposit account
Latest Term Deposit NewsMay 07, 2012
Some lottery players don't wish for luck, they make their own. Yet a string of recent "lotto hackers" in North America did not use high-tech gadgetry like the kind found in Hollywood films, but a k...Feb 22, 2012
As lenders loosen the purse strings and house prices take a dive, first-time buyers are more likely to be able to buy than at any time since the credit crunch.Dec 16, 2011
How do you lose $13 billion? Quite easily it would seem, if Australia's "lost" superannuation is anything to go by.
Latest Term Deposit NewsOct 19, 2011
With Australians riding the share market rollercoaster in recent months, many investors have sought alternative investment options. This has seen a spike in cash investments such as term deposits, ...Sep 20, 2011
As cautious investors seek some relief from the trials and tribulations of the share market, banks have been flooded by cash deposits in recent months.Jun 30, 2011
With the wounds of the global financial crisis still fresh, Australians have changed their attitudes to investing and are holding more cash within their portfolios than in the past, according to re...
Latest Term Deposit NewsJun 09, 2011
Australians are saving almost twice as much of their household income than they were five years ago, new research has found. Yet many of us are still not looking to high-yield investment options su...Jun 02, 2011
There's less than a month until the end of the 2011 financial year and come tax time many Australians may receive an unexpected windfall, which if invested correctly could translate into significan...Jun 01, 2011
The unspoken rule of term deposit accounts is that advertised interest rates are often negotiable. Ask for a better deal and an institution will likely respond by bumping up the rate. The only way ...