Compare
Term Deposit Accounts

Earn guaranteed high returns on your savings by depositing into a term deposit. Get significantly higher rates than those offered on standard savings accounts by locking your funds away for 9 months to 5 years.

Compare Banking & Saving Accounts

ANZ VISA Debit Card

Transfer your balance to ANZ and get a whopping 2.9% for 12 months - coupled with a fantastically low standard rate of 13.49%p.a!!...

More Info >

Bank Accounts

Provider
Account
Interest %p.a
Min Bal
Monthly Fee
Apply
HSBC Day to Day Account
FREE Unlimited HSBC Westpac, St. George and BankSA ATM Withdrawals, Get $10 for each month you have account and pay in $2000 (T&Cs apply)
0.05%
$1
$0 p.m.
Apply >
More Info
ANZ Access Advantage with Visa Debit Card
FREE ANZ ATM, Online, Cash, Phone, Direct Debit transactions. Fee's Charged for Non-ANZ ATM use.
2%
$1
$6 p.m.
Apply >
More Info
NAB Classic Banking
No monthly account service fee (No min deposit required)
FREE Visa Debit card with every account
Unlimited Free NAB banking access via ATM, Branch or online.
0.10%
$1
$0 p.m.
Apply >
More Info
Citibank Plus Account
No monthly account service fee (No min deposit required)
Fee free use of your Citibank Visa Debit Card around the globe to make in store purchases or withdraw cash at any ATM
Free international money transfers from Australia to any account, anywhere in the world.
0.00%
$0
$0 p.m.
Apply >
More Info
St.George Complete Freedom
Unlimited St.George Transactions for a flat monthly fee of $7 Inc. Visa Debit Card. Pay NO monthly fee if you deposit a minimum of $2,000 per month.
0%
$1
$7 p.m.
Apply >
More Info
St.George Express Freedom
Unlimited electronic transactions St George Transactions - Branch Services & Cheques Chargeable
0%
$1
$3 p.m.
Apply >
More Info

HSBC Day to Day Account

HSBC
  • Get $10 for each month you have account and pay in $2000 (T&Cs apply)
  • $0 monthly account keeping fee
  • Visa payWave is the new fast, easy and secure way to pay for everyday in-store purchases on your HSBC Visa Debit Card under $100
  • Unlimited electronic transactions
  • Unlimited ATM withdrawals at over 2,900 HSBC, Westpac, St. George and BankSA
  • HSBC Visa Debit Card for secure access to your money
  • Access anywhere and at anytime online and through Phone Banking
  • Easy to link online to a high-interest Serious Saver Account for your savings.

ANZ Access Advantage with Visa Debit Card

  • Unlimited ANZ transactions for $6 a month.
  • No credit check
  • Online fraud protection
  • 50% off monthly fee for Students
  • 3 additional card holders at no extra cost
  • Do NOT need to be a previous ANZ customer

NAB Classic Banking

  • A NAB Visa Debit card
  • Choice of 4 card colours
  • Access to Visa Entertainment
  • 90 day Purchase Protection Insurance1
  • No minimum or opening balance requirements – open your account with just $1
  • Access to ATMs overseas anywhere the PLUS sign is displayed (fees apply)
  • Access to your money through the rediATM network with no additional ATM fees
  • Six monthly statement, however if NAB Visa Debit option is taken, statements are provided every two months
  • Check your balance, withdraw or deposit at any Australia Post Bank@Post outlet

Citibank Plus Account

Citibank
  • Fee free, no catches.
  • Fee free use of your Citibank Visa Debit Card around the globe to make in store purchases or withdraw cash at any ATM.
  • Free international money transfers from Australia to any account, anywhere in the world.
  • Instant money transfers when sending funds overseas to another Citibank account using Citibank Global Transfers.
  • A free bottle of award winning wine every time you dine at partner restaurants in the Citibank Dining Program.
  • Fee free ATM withdrawals at over 3,000 Citibank, Westpac, St George, Bank of Melbourne and Bank SA ATMs around Australia.
  • Visa Debit Card for online, domestic and overseas purchases.
  • Access anytime, anywhere through online, phone or mobile banking.
  • Make the transition to your new Citibank Plus account fast and simple with Citibank's switching service.
  • Compare our totally fee free account against our competitors .

St.George Complete Freedom

  • Visa Debit Card available to customers who are over 18 and have an Australian residential address
  • Unlimited^ everyday transactions through:
  • St.George Internet and Phone Banking (including Bpay®)
  • Over 2,800 St.George, Westpac and BankSA branded ATMs
  • EFTPOS
  • direct debits and credits
  • St.George Branches
  • Cheques
  • Bank@Post
  • 10 free SMS Alerts included each month#
  • Worldwide ATM access
  • No minimum monthly balance required
  • Flat account service fee of just $5 a month
  • Monthly account service fee does not apply when a customer:
  • deposits at least $2,000 by the last business day of a month~ into their Complete Freedom Account; or
  • - makes their St.George home loan repayments by automatic transfer from their Complete Freedom Account.
  • ~ Deposits processed after the close of business on the last business day of a calendar month will be included
  • - in the deposits for the following calendar month.
  • ^ Daily transaction limits apply.
  • † Subject to systems availability and maintenance.
  • # SMS alerts charges apply after the first 10 each month and email alerts are free.
  • ® Registered to BPAY Pty Ltd ABN 69 079 137 518.

St.George Express Freedom

  • Visa Debit Card available to customers who are over 18 and have an Australian residential address
  • Unlimited^ everyday transactions through -
  • - St.George Internet and Phone Banking (including BPAY®)
  • - Over 2,800 St.George, Westpac and BankSA ATMs.
  • - EFTPOS
  • - direct debits
  • - Bank@Post
  • Worldwide ATM access
  • 10 free SMS Alerts included each month#
  • No minimum monthly balances
  • Flat account service fee of just $3 a month
  • Monthly account service fee does not apply in any month where a customer deposits at least $1,000 by the last business day of a month~ into their Express Freedom Account
  • Access to cheque and branch services
  • ~ Deposits processed after the close of business on the last business day of a calendar month will be included
  • in the deposits for the following calendar month.
  • ^ Daily transaction limits apply.
  • † Subject to systems availability and maintenance.
  • # SMS alerts charges apply after the first 10 each month and email alerts are free.
  • ® Registered to BPAY Pty Ltd ABN 69 079 137 518.

Latest Bank Account News RSS Feed

View Latest Bank Account News Archive >

Term Deposits Explained

  • What are Term Deposits?

    Term deposits are savings products provided by an Authorised Deposit-taking Institution (ADI) - banks, credit unions or building societies.

    Term deposits provide savers with a relatively straightforward financial product offering higher rates than those offered on regular savings accounts in exchange for making no withdrawals for the agreed term. The rate you choose will remain the same until the deposit matures, unlike other variable rate accounts that fluctuate according to several factors, including the RBA rate.
  • Are Term Deposits protected by the Government?

    A term deposit is a very secure investment, with virtually no risks involved. Term deposit are backed by the Commonwealth government guarantee scheme, protecting up to $1 million at no cost to you. Any deposits above this amount can be covered by a separate guarantee scheme available from the government, but you need to contact your ADI to find out more about accessing this service.
  • Choosing a Term Deposit to suit you

    Term deposits vary greatly, which means there's an account out there for just about anyone. You can choose from a range of terms, lasting a little as 1 month up to 5 years, each offering different rates to reflect. Some ADIs offer consistently competitive rates across all term deposit terms, while others may only have competitive rates for certain terms. It is always best to decide on a term that you are willing (and able) to stick to then shopping around for the best rates. Which4U allows you to compare term deposits from a range of ADIs offering a variety of terms and rates, allowing you to quickly find an account to suit your savings needs.
  • What you should be aware of

    You are generally more likely to earn the most competitive high rates of interest if you agree to tie up your money for a certain period of time. Your deposit Once the initial deposit has been made you cannot usually add to the savings account. If you're planning to open a term deposit you need to be aware that most providers do not allow access to the funds in the specified periods. Those that do allow withdrawals tend to carry penalties which can result in some or all of the interest you accrued being docked. This is why it's best to look at your options based on your financial state before choosing an account. These accounts are ideal for people who have spare money and can afford to lock the money up for a fixed period of time.

    Another feature that makes term deposits unique is that the interest rates are fixed for the agreed duration. Therefore if the RBA base rate interest were to significantly increase within that time the rate offered on these accounts would not change to reflect this. However, this can also work the other way, and if the base rate was to drop which could occur in order to stimulate the economy, the rates will again stay fixed.

 

Popular Brands

Relevant Searches

RSS News Feed

© Legalwebb Holdings Ltd - All rights reserved. | Web-Site Design - Firm Creation Design & Advertising & Legalwebb Holdings Ltd