Term Deposits

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Term deposits are funds deposited into an account for a fixed term with the purpose of earning interest. The interest rate that a term deposit receives is dependent on the amount and the term. Term deposit providers will offer different interest rates based on these factors as well as others, so compare deals to find a rate you are happy with. Term deposits are an investment that can either be short-term or long-term. Usually you cannot access your funds until your investment reaches the end of term or maturity.

See how much interest you can earn with a short-term 180 day term deposit over 7% listed below.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

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