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.
A range of smaller lenders are offering significantly higher interest rates than the big four banks for six-month term deposits.
Term deposits with some of the highest interest rates in Australia are paying little more than the inflation rate, new research has found.
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.
If you’re planning to take out a five-year term deposit, some smaller lenders may offer higher rates than the big four banks, new research has found.
Smaller lenders are offering the highest interest rates for three-month term deposits, new research has found.
Consumers who want to invest $5,000 in a term deposit with a big four bank will currently get the best return with NAB.
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