Compare Term Deposits
| Term Deposit | Interest Rate % p.a. Up To |
Minimum Deposit $ | Terms | Apply |
|---|---|---|---|---|
| UBank Term Deposit | up to 6.41 | $5,000 | 3, 6, 9, 12 or 24 months |  |
| St George Term Deposits | up to 7.00 | $5,000 | 4 months - 5 years | |
Transaction Accounts
Banks and financial institutions offer Term Deposits for those who have saved their money and have a substantial amount to invest at a higher rate of interest than what they would receive in an everyday bank account.
To invest your money in term deposits you need to realize that you will be putting your money away for a period of time before you can again access it.
The bank now pays you a greater than normal rate of interest on your funds.
However, sometimes people need to withdraw these funds when unexpected bills arrive. Research which Term Deposit you wish to put your savings into. If you need to withdrawal your Term Deposits money then you will incur a penalty.
Please visit out Tools section to see the different Term Deposits rates and products available. There is information including penalty fees you may incur should your investment not see the full term of the contract you signed when depositing your money.