1 Year Term Deposits

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1 Year Term Deposits

If you are looking to invest your money somewhere that is safe and secure, without the need to constantly worry about the return of interest, then a 1 year term deposit might be your answer. Most 1 year term deposits are tiered which means they offer better interest rates for larger deposit amounts. For example, you might get a better rate if you deposited $25,000 as opposed to $10,000.

RateCity makes term deposit easy for you to compare - you can enter in the amount of money you would like to deposit and we'll display a list of 1 year term deposits from a range of financial institutions ranked by the highest nominal interest rates.

In most cases, 1 year term deposits offer higher interest rates than shorter term deposits because financial institutions want to encourage people to deposit their money for a longer period of time. That way they can in effect make better investments out of your money because they have more of a guarantee that you will leave your money in the account for the contracted period.

Find a 1 year term deposit that suits your investment needs from the table above.

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We found 9 products that match your search

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Company Product Nominal Rate Effective Rate Payment Frequency Go To Site
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ING DIRECT Term Deposits 3.60% 3.60% Annually Go to Site
RaboDirect Term Deposit 3.60% 3.60% Annually Go to Site
Suncorp Bank Term Deposits 3.40% 3.40% Annually Go to Site
Bank of Melbourne Term Deposits 3.35% 3.35% Annually Go to Site
BankSA Term Deposits 3.35% 3.35% Annually Go to Site
St.George Bank Term Deposits 3.35% 3.35% Annually Go to Site
Westpac Term Deposits 3.30% 3.30% Annually Go to Site
IMB Term Deposits 2.50% 2.50% Annually Details
Citibank Term Deposits 1.86% 1.86% Annually Details

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Data last updated September 3rd, 2014

Consider whether this general financial advice is right for your personal circumstances. You may need financial advice from a qualified adviser. Read our detailed disclosure here.