Term deposit news and advice

All the latest term deposit news and top tips to help you manage your term deposit.

Could a short term deposit be the cure to comfort spending in winter

Could a short term deposit be the cure to comfort spending in winter?

Comfort spending is all too tempting during the cold winter months, especially when you’re stuck at home during a lockdown. You may not be allowed to go outside, but you can still access the internet right? Before you know it harmless browsing turns into five things in your cart and a big dent in your savings stash. If only there were somewhere to keep your rainy day fund out of reach.

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Term deposits may judo bank stands strong with interest rates above 1

Term deposits May: Judo Bank stands strong with interest rates above 1%

Another month gone, another round of term deposit interest rate changes to report on. In April, Mozo's research team counted at least one cut from 18 different term deposit providers. The average interest rate for a $25,000, 1-year term deposit didn't change much, dropping slightly from 0.53% p.a. to 0.52% p.a.*

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