There really is no such thing as the best bank term deposit, because everyone’s needs are slightly different when it comes to investing. Rather there is the best bank term deposit for your situation and you’ve come to the right place to find it.
At RateCity, we’ve collected hundreds of term deposit accounts by many financial institutions across Australia. So there is no need to visit every bank website or make call after call to ensure you’re getting a great bank term deposit rate, because we’ve done all of that hard work for you!
The best bank term deposit for you will be one that best suits your financial needs, so the first thing you might do when looking to invest is make a savings plan and set some goals. Ask yourself how much you’d like to invest and for how long you can fix your funds.
You’ll likely get a great rate for your lump sum with a term deposit, but you’ll not likely be able to access the funds during the agreed term. So make sure your financial plan takes this into account.
Once you have decided how much you can afford to invest and how long you wish to fix your money, then simply visit the RateCity term deposit page and fill in the information fields. You’ll then be given an instant assessment and a list of options to compare term deposits.
By comparing based on interest rates as well as other features, you’ll be on your way to having the best bank term deposit and saving for your goal.
The table below displays some of today’s highest interest rates for 90 day term deposits.