Term Deposits News

The latest term deposits news and tips

Liz Seatter

Senior Finance Writer

CBA chasing down market leaders with 4% term deposit rates

Australia’s largest bank, CBA, is chasing down the term deposit market leaders by today hiking rates by up to 1.75 percentage points.

Term Deposits

10 Oct, 2022

4 min read

CBA chasing down market leaders with 4% term deposit rates

Mark Bristow

Personal Finance Editor

Which banks have hiked term deposit and savings account rates in September 2022?

The fifth consecutive hike to the national cash rate, courtesy of the Reserve Bank of Australia (RBA), has led to several major banks raising rates on their savings accounts and term deposits. But not every saver may be able to benefit from earning more interest on their savings.

Term Deposits

13 Sep, 2022

3 min read

Which banks have hiked term deposit and savings account rates in September 2022?

Georgia Brown

Personal Finance Editor

Which banks have hiked term deposit and savings account rates in August 2022?

This month, the Reserve Bank of Australia (RBA) hiked the cash rate for the fourth consecutive month, and a number of lenders have since passed the increase on to savers.

Term Deposits

10 Aug, 2022

4 min read

Which banks have hiked term deposit and savings account rates in August 2022?

Georgia Brown

Personal Finance Editor

Which banks have hiked term deposit and savings account rates in July 2022?

With the Reserve Bank of Australia (RBA) hiking the cash rate for the third consecutive month, there’s no better time for savers to shop around for competitive offers on savings products.

Term Deposits

12 Jul, 2022

4 min read

Which banks have hiked term deposit and savings account rates in July 2022?

Georgia Brown

Personal Finance Editor

Who's raised term deposit and savings account rates? These are the banks that have increased

For the second consecutive month, the Reserve Bank of Australia has hiked the cash rate, bringing about more interest-earning opportunities for savers.

Term Deposits

10 Jun, 2022

3 min read

Who's raised term deposit and savings account rates? These are the banks that have increased

Georgia Brown

Personal Finance Editor

Which banks have increased term deposit interest rates?

This month’s Reserve Bank of Australia (RBA) board meeting saw the official cash rate rise for the first time in over a decade. But while interest rate rises may mean one thing to mortgage holders, they may be much more appealing to long-term savers.

Term Deposits

10 May, 2022

3 min read

Which banks have increased term deposit interest rates?

Alex Ritchie

Personal Finance Editor

Crypto is crashing and term deposits are rising: Choosing a high or low risk investment

The price of Bitcoin, Ethereum and other cryptocurrencies have plummeted in the last 24 hours, meanwhile interest rates for term deposits are on the rise again. Is a high risk or low risk investment option better in 2022?

Term Deposits

10 May, 2022

6 min read

Crypto is crashing and term deposits are rising: Choosing a high or low risk investment

Mark Bristow

Personal Finance Editor

Three alternatives to low term deposits

In recent months, banks have been slashing term deposit interest rates dramatically. While term deposits have never been “get rich quick” investments, it’s now much harder to earn a steady income from term deposit interest, which many Australians (such as retirees) have relied upon in the past.

Term Deposits

09 Mar, 2021

4 min read

Alex Ritchie

Personal Finance Editor

Best term deposits for January 2021

As we move into 2021, millions of Aussies will be working on their financial resolutions for the year. And if you’re hoping to see your savings grow, you may be considering opening a term deposit account.

Term Deposits

28 Jan, 2021

2 min read

Alex Ritchie

Personal Finance Editor

4 reasons why term deposits are still worth using

Aussie savers have taken a beating this year. But there are still some valid reasons why term deposits are worth using as we move into 2021.

Term Deposits

15 Dec, 2020

5 min read

4 reasons why term deposits are still worth using

Alex Ritchie

Personal Finance Editor

Best term deposits for November 2020

The Reserve Bank of Australia cut the cash rate to a new record-low of 0.10 per cent and Australian savers may be wondering where they can still nab a high interest rate term deposit.

Term Deposits

25 Nov, 2020

3 min read