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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 Term Deposits 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, for further details refer to our FSCG. 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 Term Deposit, you will deal directly with a financial institution, and not with RateCity.

Maturity

When a term deposit reaches the end of its agreed term, this is called maturity. Once a term deposit reaches maturity it is up to the individual to notify the financial institution with instruction on what to do with their investment, for instance whether to reinvest or pay out the amount. If the financial institution is not notified often they will automatically roll over this amount for the same length of time, however the interest rate will be at the current rate, not necessarily the original rate.

If you are in the market for a term deposit, see the table below for a list of current specials for term deposits for less than 12 months from banks.
See all Term Deposit Articles
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About Term Deposits Articles

RateCity provides term deposit news and features, including a range of weekly stories and economic updates. By checking our term deposit news and features daily, you can ensure that you receive up to date, expert commentary on current financial and economic issues. Before you search, compare or apply for the best term deposit for you, help yourself understand the market by reading mortgage news and features at RateCity.