Term Deposit Awards 2021

Congratulations to the 2021 winners of Mozo Experts Choice Awards for Term Deposits. If you’re keen to lock your cash stash away, whether for the long haul or a short term, start your search right here.

Mozo Experts Choice Awards Badge 2021

What are the Mozo Experts Choice Awards?

Now in their eighth year, the Mozo Experts Choice Awards provide a platform to highlight products in the marketplace we believe offer great value to Australians.

For the 2021 term deposit awards, we analysed 86 personal term deposits issued by 74 Australian financial institutions.

“With the slump in interest rates in 2020 due to Covid-19 and the record low RBA cash rate, it is imperative to shop around and not leave your money stuck in an account earning no interest at all,” said Peter Marshall, Mozo Experts Choice Awards judge.

"All providers considered for these awards are covered by the Govt Deposit Guarantee scheme and our winner’s list for 2021 is a great place to start your search.”

For details on how we crunched the numbers and determined our winners see our 2021 Mozo Experts Choice Awards Bank Accounts & Savings methodology report.


Term Deposit

Our Term Deposit award identifies the providers that consistently offer personal customers the best interest rates across short, medium, and long term investment options. A huge 73 term deposit accounts were compared head to head and the 2021 award winners are ...

Bank of us logo

Bank of us

Term Deposit

BankVic logo


Term Deposit

Firefighters Mutual Bank logo

Firefighters Mutual Bank

Term Deposit

Health Professionals Bank logo

Health Professionals Bank

Term Deposit

Heritage Bank logo

Heritage Bank

Term Deposit

Judo Bank logo

Judo Bank

Term Deposit

MOVE Bank logo


Term Deposit

Police Bank logo

Police Bank

Term Deposit

Teachers Mutual Bank logo

Teachers Mutual Bank

Term Deposit

UniBank logo


Term Deposit

Frequently Asked Questions

What’s the Judging Criteria for the awards?

Since 2014, the Mozo Experts Choice Awards have been recognising products that deliver exceptional value or benefits to consumers.

See our methodology report for more detailed information on how we performed term deposit product comparisons and determined the final winners for the Bank Accounts & Savings awards.

Did you compare all term deposits in the market for these awards?

We aim to include most term deposit providers in the market in the Mozo Experts Choice Awards. However, not every financial institution or product on the market will be included in our review. Any product we review must be available in the market at the time of our analysis.

How do I choose the best term deposit account for me?

The best term deposit for your savings depends on how much money you have to lock away, and the length of term you’re willing to commit to. Check out our winners list to set you on the right foot in choosing the term deposit that might be right for you.

Who are the Mozo Experts?

The Mozo Experts Choice Awards analysis is overseen by AJ Duncanson, Mozo’s Data Services Director. AJ is a data scientist and actuary, and has worked in financial services and product comparison for almost three decades. Together with our Product Data Manager, Peter Marshall, the team has over 50 years of financial services experience.

I work for a financial institution, how do we promote our win?

Please get in touch with us to discuss by emailing or phoning our account management team on 02 9037 4368.