Term deposit providers

Have you been looking for a term deposit, but unsure which one will work for you? Here at Mozo we have a full A-Z of all the term deposit providers available on our database. 

What are term deposits?

Term deposits are, in essence, a place to park your savings for a set period of time. Usually, the longer you decide to put your deposit away for, the higher the interest rate will be on your deposit. 

Why use a term deposit?

There are instances where you might not take out a term deposit. For instance, if you were living paycheck to paycheck, term deposits are relatively illiquid and require at least 31 days notice for early withdrawals. This is in comparison to savings accounts where you can usually withdraw money, though some will penalise your interest rate for the month or charge an extra fee. 

So, who are term deposits useful for? Well, if you didn’t trust yourself with your savings and wanted to lock them away for a set period of time with relatively good interest rates then a term deposit can work well.

A
abal banking Adelaide Bank AMP Bank ANZ Australian Military Bank Australian Mutual Bank Australian Unity Auswide Bank
B
Bank Australia Bank First Bank of Melbourne Bank of Queensland Bank of Sydney Bank of us BankSA BankVic BankWAW Bankwest BCU Bank Bendigo Bank Beyond Bank BOQ Specialist
C
Challenger Coastline Credit Union Commonwealth Bank Community First Bank Credit Union SA
D
Defence Bank
F
Firefighters Mutual Bank First Option Bank firstmac
G
G&C Mutual Bank Gateway Bank GMCU Goldfields Money Great Southern Bank Greater Bank
H
Health Professionals Bank Heritage Bank HSBC Hume Bank
I
Illawarra Credit Union IMB Bank ING
J
Judo Bank
M
Macquarie Macquarie Credit Union ME MOVE Bank MyState Bank
N
NAB Newcastle Permanent Northern Inland Credit Union
O
Orange Credit Union
P
P&N Bank People's Choice Police Bank Police Credit Union
Q
QBANK Qudos Bank Queensland Country Bank
R
Rabobank RACQ Bank Regional Australia Bank Rural Bank Rural Bank ONE
S
Southern Cross Credit Union St.George Summerland Bank Suncorp
T
Teachers Mutual Bank The Capricornian The Mutual Bank Transport Mutual Credit Union
U
UniBank Unity Bank
W
Westpac