Want to compare term deposits Australia – which are term deposit accounts offered by financial institutions operating in Australia – then you have come to the right place. There are hundreds of financial institutions in Australia offering thousands of different term deposit accounts for you to choose from. They vary depending on:
- the financial institution
- how much money you have to deposit
- the length of time you want to leave your money invested
- when you choose to invest in term deposits Australia
Each financial institution offers different interest rates on their term deposits but that's not to say that they won't compete on rates if you ask. The best way to ask for a better rate is to know what their competitors are offering so make sure you shop around before locking in a term deposit.
Usually the more money you want to deposit, the better return you will receive for a term deposit because most term deposit accounts are tiered by the amount invested. It's every financial institutions way of attracting more deposits – the more money you will invest, the more attractive the interest rate you will receive.
When you compare term deposits, sometimes you will find better interest rates offered to longer term investments and sometimes it will be a shorter term that has the best deals. Depending on the number of months or years you invest your money in term deposits Australia and when you decide on opening a term deposit account, will alter the interest rates that financial institutions offer.