RateCity
1 Year Term Deposit
Search and compare some of the best 1 year term deposit interest rates at RateCity.com.au.
If you have a longer-term savings goal then look into investing in a 1year term deposit for higher interest rates.
The highest rates for any term deposit product can be found around 1 year terms. Interest rates tend to decrease with deposit terms exceeding and preceding the 1 year mark. For a quick rate comparison take a look at some of today's best rates displayed on our Term Deposit Best Buys Tables or see the table below for the top 1 year term deposit interest rates.
It's important to compare products and understand how your bank calculates and pays the interest earned in order to fully optimize your earning potential. Interest can be paid on 'maturity' either monthly, semi-annually or annually. So make note of the nominal interest rate (the advertised rate) and the effective interest rate (the actual interest rate including compounding effect of payment frequency) as the more frequent your interest is paid, the more your savings will grow. For example, $10,000 invested for one year with interest calculated daily and paid monthly will earn noticeably more in interest than if interest were calculated monthly and paid annually.
The table below shows RateCity's best rates avaliable now for 1 year term deposits.
If you have a longer-term savings goal then look into investing in a 1year term deposit for higher interest rates.
The highest rates for any term deposit product can be found around 1 year terms. Interest rates tend to decrease with deposit terms exceeding and preceding the 1 year mark. For a quick rate comparison take a look at some of today's best rates displayed on our Term Deposit Best Buys Tables or see the table below for the top 1 year term deposit interest rates.
It's important to compare products and understand how your bank calculates and pays the interest earned in order to fully optimize your earning potential. Interest can be paid on 'maturity' either monthly, semi-annually or annually. So make note of the nominal interest rate (the advertised rate) and the effective interest rate (the actual interest rate including compounding effect of payment frequency) as the more frequent your interest is paid, the more your savings will grow. For example, $10,000 invested for one year with interest calculated daily and paid monthly will earn noticeably more in interest than if interest were calculated monthly and paid annually.
The table below shows RateCity's best rates avaliable now for 1 year term deposits.
