Guide to term deposits

Term deposits involve all the fun of saving and self-denial, with no 'bugger that, I'm going on a splurge' downside. Sign me up for a wild financial ride, you say? Let's just run through some term deposit tips and tricks to get you the best account with the highest savings interest.

How and when do you pay tax on term deposit interest?

How and when do you pay tax on term deposit interest?

A term deposit is one of the easiest and safest ways to invest your savings. Simply nominate an amount of money and how long you'd like to lock it away for and by the end of that period a nice stack of interest will be waiting for you. But do you have to pay tax on that interest? And if so, when does it have to be paid? If you've been thinking about signing up for a term deposit, we've answered some commonly asked questions.

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Can you withdraw a term deposit before maturity?

Can you withdraw a term deposit before maturity?

For anyone who’s looking to grow their savings, term deposits can be a risk-free and reliable option. Nominate an amount of money and how long you’d like to lock it away and a nice stack of interest will be waiting for you once that time is up.

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Term deposit interest - paid monthly or at maturity?

Term deposit interest - paid monthly or at maturity?

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Your guide to term deposit rates

Your guide to term deposit rates

If you’re considering a term deposit as a savings strategy, you’re probably most concerned with how much interest you’ll be able to squeeze out of your rainy day fund. And that depends largely on what interest rate you manage to snag.

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Term deposit tricks and tips

Term deposit tricks and tips

You’ve done the hard work of saving and squirrelling away every spare dollar, decided a term deposit is the best place to park your money and now you can kick back and forget about it, right? Wrong!

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Long term deposits

Long term deposits

Are you a serial monogamist? Don’t have a problem going in for the long haul and making a serious commitment? Well then, apply that to your savings strategy with a long term deposit, for a low-risk way to earn a return on your rainy day fund.

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What do you need for a term deposit?

What do you need for a term deposit?

One of the great things about a term deposit is that it’s not only a low risk way to earn a return on your savings, but also a pretty low maintenance one. That doesn’t mean there aren’t some great tricks to making your term deposit work harder for your money - but it does mean that opening a term deposit is a pretty stress-free process.

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Pros and Cons of a term deposit

Pros and Cons of a term deposit

Are you sitting on the fence about investing in a term deposit?

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Bank term deposits guide

Bank term deposits guide

So you’ve decided a term deposit is the best place for that nice Christmas bonus, or the nest egg you’ve been working on, but now the question is, where do you go to get one? The answer might seem easy - the bank, of course - but there are heaps of options when it comes to choosing where you want to open a term deposit.

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Choosing an investment term: short or long term deposit?

Choosing an investment term: short or long term deposit?

If you’ve picked a term deposit to be your savings strategy, then the next big question is: how long do you want to lock your hard earned cash away?

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Short term deposits

Short term deposits

If you want to commit your money to a term deposit but you’re not quite ready to lock it away for the next few years, then a short term deposit might just be the solution you’re looking for. It's still low-risk and a stable way of earning a return on your savings, but without the commitment of not touching your funds for years on end.

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What are term deposits?

What are term deposits?

Are you looking for a place to stash your cash that will earn you high returns and protect you against rate movements in the market? Then a term deposit could be just for you!

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Term deposit features

Term deposit features

So you’ve decided to lock your funds away in a term deposit to grow. Good for you! By this point, you probably already know what a term deposit is: a stable, long-term savings strategy that can help you maximise the size of your rainy day fund with minimal effort on your part.

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Term deposit tricks and tips

Term deposit tricks and tips

Here are some tips from the mozo team for getting the best value from your term deposit

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Term deposits vs savings accounts

Term deposits vs savings accounts

It's a question asked by savers of all sorts: should I stash my cash in a term deposit or savings account?

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Types of Term Deposits

Types of Term Deposits

Before you make the decision that a term deposit is for you, it’s worth comparing not only the interest rates and deals on offer, but also the type of term deposits available, so you can find one to suit your budget and lifestyle.

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Term deposit news

Stay tuned for updates and exclusives from the front line of the term deposit war.

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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Compare term deposits and save

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