Term Deposits
july tables

Term deposits are when you lock away a lump sum of money for a certain period of time. They are usually the accounts that offer the highest interest rates. They cant be accessed at all in the period there locked away and if you do use the money and break the contract you usually get a lots less interest and it wouldn't have been worth while.

There are 5 bands of money that we are going to compare. as each bank differs in categories of money for termdeposits it will always be difficult so we have organisied it 5000-10000, 10000-25000, 25000-50000, 50000-100000, 100000 +. So we once again recommend you use this information to choose a the best rates then follow it up with the bank its self and make sure that is the best possible term deposit for your needs and financial situation.

The Charts below work on a very simple layout; on the left hand side is a list of banks and along the top there are a list of numbers (these are months: note that not every month is included and on some charts these months change, the reason being is that the ones we list are the optimum months for term deposits and the months not include eg 4 months on this first chart, has interest rates that we feel are not worth putting on the table.)

Charts
$5000 To $10000

Charts
$10000 To $20000

Chart
$20000 To $50000

Charts
$50000 To $100000

Charts
$100000+

Top Accounts

Heritage Building Society 10 months 8.55%

Bank Of Queensland 12 Months 8.6 %

Suncorp also offers 8.65% for 10,000-25000 or 8.75% for 25000-10000 for 36 months (3 years)

Remember not all term deposit rates are included on all the tables, as most banks only have good rates for certian months. We therefore pick there best rates and the best banks so you only get the top interest rates. Most Australian banks, we believe, are reliable and so we place no bias on which term deposites are good and leave that decision to you.

Note: These charts were correct on July 5th and are viable to sudden change by the individual banks, always check the most up to date rates on there web sites.