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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.