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Term Deposits
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.
Disclaimer
This article is over two years old, last updated on April 8, 2010. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent term deposits articles.
Compare term deposits
Product database updated 26 Apr, 2024
Fact Checked
Promoted term deposits
Personal Term Deposit (At Maturity)
Real Time Rating™
- 2024 Award Winner
- 6 months
- Automatic maturity rollover
- Joint application available
Interest rate
5.10%
for 6 months
Min deposit
$1,000
Maximum rate
5.10%
for 6 months
Term Deposit
Real Time Rating™
- 1 month
- Automatic maturity rollover
- Joint application available
Interest rate
2.00%
for 1 month
Min deposit
$1,000
Maximum rate
4.90%
for 60 months
Term Deposits
Real Time Rating™
- 3 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
Interest rate
3.50%
for 3 months
Min deposit
$1,000
Maximum rate
4.80%
for 12 months
Term Deposit
Real Time Rating™
- 1 month
- Automatic maturity rollover
- Joint application available
- Interest payment to other institution
Interest rate
0.50%
for 1 month
Min deposit
$5,000
Maximum rate
5.00%
for 7 months
Product data updated on 26 Apr 2024