Term Deposits News

Savers miss out on thousands as banks slash term deposit rates

CBA, Westpac, NAB and ANZ have cut term deposits this week as savers feel the sting of falling interest rates.

Rachel Wastell

Aug 17, 2019( 3 min read )

Savers need to shop around to get the highest rates on 12-month term deposits

Record-low mortgage rates are great for home owners – but the downside is that they also mean historically low interest rates for savers.

Nick Bendel

Jun 19, 2019( 3 min read )

Latest News

Highest rates for 5-year term deposits sitting at 3%

If you want to earn high interest rates for a term deposit, you might have to lock away a lot of money for a long time.

Nick Bendel

May 10, 2019( 2 min read )

The term deposits with the highest rates are…?

Term deposits aren’t paying very high interest rates these days, but, in some circumstances, they might be a good place to park your money.

Nick Bendel

Apr 8, 2019( 3 min read )

Smaller banks paying the highest term deposit rates

Half a dozen lenders are paying 3.00 per cent interest on three-year term deposits, new research has found.

Nick Bendel

Mar 17, 2019( 2 min read )

Online lender releases green term deposit

UBank has unveiled an environmentally focused term deposit that allows consumers to indirectly invest in renewable energy projects.

Nick Bendel

Mar 14, 2019( 2 min read )

6-month term deposits paying up to 2.85% interest

Smaller lenders are paying the highest interest rates for six-month term deposits, a new market analysis has found.

Nick Bendel

Feb 16, 2019( 2 min read )

$5,000 term deposits paying up to 3.40% interest

Small banks and credit unions are offering the highest term deposit rates in Australia right now.

Nick Bendel

Jan 6, 2019( 3 min read )

Long term deposits paying 3.40%, short term deposits 2.85%

Five-year term deposits are currently paying up to 55 basis points more in interest than six-month term deposits, a new analysis has found.

Nick Bendel

Dec 16, 2018( 2 min read )

1-year term deposits paying up to 2.90%

Challenger banks and credit unions are currently offering some of the highest interest rates in Australia for one-year term deposits.

Nick Bendel

Nov 11, 2018( 2 min read )

Lenders increase term deposit rates by up to 20 basis points

UBank and Gateway Bank have increased some of their term deposit interest rates.

Nick Bendel

Oct 13, 2018( 2 min read )

Smaller lenders beating big banks on three-year term deposits

Investors who want to put $10,000 in a three-year term deposit may want to ignore the big four banks, which are not paying the highest interest rates in Australia.

Nick Bendel

Sep 30, 2018( 2 min read )

Bank of Sydney paying top dollar for 6-month term deposits

A range of smaller lenders are offering significantly higher interest rates than the big four banks for six-month term deposits.

Nick Bendel

Sep 2, 2018( 2 min read )

Two-year term deposits paying up to 3% interest

Term deposits with some of the highest interest rates in Australia are paying little more than the inflation rate, new research has found.

Nick Bendel

Aug 11, 2018( 1 min read )

Term deposit rates rise on back of property uncertainty

Several institutions have made recent changes to their term deposit rates, including Gateway Bank and Teachers Mutual Bank, as they race to become a market leader in a time of uncertain conditions.