Shorter term deposits now offer interest rates starting at a ‘5’
Commitment-phobes rejoice! Lenders have begun offering higher term deposit interest for shorter terms.
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Should I take out a 6 month term deposit? Pros and cons
With interest rates sitting high, more Aussies are looking to park their savings in a safe place to help their money grow. One way people are achieving this is by taking out a short 6 month term deposit, but is it worth doing?
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Why term deposits have become a star savings performer in 2022
With an increase in interest rates from the Reserve Bank of Australia (RBA), many are starting to see this as a better time than ever to start pumping money into their savings accounts.
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CommBank now has a 4.00% p.a. short term deposit
Commonweatlh Bank now offers a special 18-month term deposit with a 4.00% p.a. interest rate.
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Looking for a green term deposit? Here are 3 good options
Term deposits are a no-brainer for some savers because you simply stash your money away and forget it. Then with a good interest rate, your initial deposit comes back a little bigger.
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Have banks passed on term deposit rate rises for businesses?
The lull in business term deposit rates is seeing a major reversal, according to the average rates in Mozo’s database.
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The term deposit war has just started. Is now the time to pick up a good interest rate?
Since the first RBA rate hike in May, we’ve seen financial institutions increase term deposit rates. In fact, in June alone we saw a total of 615 increases in our database.
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Fall in love with term deposits - the savings product that no one told you about
Commitment-phobes beware because we’re talking term deposits!
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MyState Bank tempts savers with new high term deposit rates
After back to back RBA rate hikes, MyState Bank has just raised the interest rate of its 24 and 36 month term deposits to a whopping 3.35% p.a. This makes its 24 month term one of the top 5 highest available in our database.
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How a term deposit can earn you extra savings
What's the point of a term deposit? Despite my role as a finance journalist, I was recently stumped in answering this question.
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