So you have some savings piling up and you’re considering getting a bank term deposit, then you’ve come to the right place. That’sbecause at RateCity, we’vecollected hundreds of term deposit accounts by many financial institutions across Australia. All the hard work is done for you – there’sno need to call every single financial institution and ask them what term deposit rates they’re offering or trawling through hundreds of website pages searching for term deposit rates by each financial institution. This could literally take hours!
To get bank term deposit deals the easy way, find great deals by many financial institutions all on the one website at RateCity. Instead of spending hours, it can take you a few minutes to find a term deposit account that suits your savings amount you want to invest and how long you would like to invest your money.
The biggest mistake many term deposit investors make is to not bother shopping around enough for a term deposit account. They simply compare one or two banks, or worse still, call their local branch where they already have an account, and expect that they will get a good deal. Another term deposit mistake is after the term expires, you let your savings roll over into a new term without comparing term deposits on the market.
How much can term deposit rates vary? The answer is a lot. So make sure you get the most out of your investment and compare more than a handful of bank term deposit accounts.
The table below displays some of today’s highest interest rates for 90 day term deposits.