Australian term deposits

If you're in the market for a term deposit, you'll of course want to ensure you are getting one of the best term deposit in Australia, including the great interest rates, so you can maximise your financial balance.

While there is no such thing as the best term deposit in Australia - because everyone's needs are slightly different - you can find a great term deposit for your situation by comparing interest rates online.

By doing so, you may add tens or even hundreds of dollars to your final balance, so it's really worth hunting around before you fix your lump sum.

Many investors go to the major banks thinking they are getting the best term deposit in Australia. But that may not always be the case.

In early 2011 more Australians turned to smaller financial institutions for some of the best rates on the market. This was because at the time, many of the smaller institutions upped the level of competition in the market by increasing their rates to lure new customers, and the figures revealed that the move was effective.

Easy to compare online

Comparing interest rates online to find the best term deposit for you can be as simple as a few clicks at comparison sites such as RateCity.

All you have to do is visit the compare term deposit page and fill in some details such as the investment amount and the length of the term and you'll be on your way to finding products to suit your situation.

From here you can apply online for Australian term deposits and start saving straight away.

This is an information service. By browsing on the website and/or using our search tools, you are asking RateCity to provide you with information about products from multiple financial institutions. We will try to show you a range of products in response to your request for information. The search results do not include all providers and may not compare all features relevant to you, for further details refer to our FSCG. The rating shown is only one factor to take into account when considering these products. We are not a credit provider, and in giving you product information we are not making any suggestion or recommendation to you about a particular credit product. If you decide to apply for a product, you will deal directly with a financial institution, and not with RateCity. Rates and product information should be confirmed with the relevant financial institution, and you should review the PDS before you decide to purchase. See our terms of use for further details. This advice is general and has not taken into account your objectives, financial situation or needs. Consider whether this advice is right for you.