Your selected term deposits
5.00% p.a.
6 months
$1,000
Yes up to $250,000
Enjoy a competitive fixed interest with the choice of 1 month to 5 year terms. Start with as little as $1,000. Interest paid monthly, quarterly, half yearly or yearly. Receive a 0.10% loyalty bonus when you automatically reinvest your Term Deposit before maturity. (Terms and Conditions apply)
Enjoy a competitive fixed interest with the choice of 1 month to 5 year terms. Start with as little as $1,000. Interest paid monthly, quarterly, half yearly or yearly. Receive a 0.10% loyalty bonus when you automatically reinvest your Term Deposit before maturity. (Terms and Conditions apply)
Read our Mozo Review to learn more about the Rabobank Term Deposit
Your selected term deposits
5.10% p.a.
6 months
$1,000
Yes up to $250,000
Apply digitally in minutes and manage your SMSF Term Deposit. Flexible cash flow management with three interest payment frequencies that suit you: monthly, yearly, or at maturity. Choose from terms of 3 months up to 5 years. No application or monthly account fees but eligibility criteria and terms and conditions apply. Only accessible to SMSFs with two or up to four individual trustees or one corporate trustee.
Apply digitally in minutes and manage your SMSF Term Deposit. Flexible cash flow management with three interest payment frequencies that suit you: monthly, yearly, or at maturity. Choose from terms of 3 months up to 5 years. No application or monthly account fees but eligibility criteria and terms and conditions apply. Only accessible to SMSFs with two or up to four individual trustees or one corporate trustee.
Your selected term deposits
4.25% p.a.
6 months
$1,000
Yes up to $250,000
Enjoy the certainty of a fixed interest rate combined with the convenience of online banking to set up and manage your term deposit at maturity. You can start investing from as little as $1,000 or up to $5,000,000.
Enjoy the certainty of a fixed interest rate combined with the convenience of online banking to set up and manage your term deposit at maturity. You can start investing from as little as $1,000 or up to $5,000,000.
Read our Mozo Review to learn more about the Bankwest Term Deposit
Your selected term deposits
4.60% p.a.
6 months
$5,000
Yes up to $250,000
6 month term deposit. Option to have interest paid at regular intervals. Covered by Government Deposit Guarantee for deposits up to $250,000.
6 month term deposit. Option to have interest paid at regular intervals. Covered by Government Deposit Guarantee for deposits up to $250,000.
Read our Mozo Review to learn more about the MyState Bank Online Term Deposit
Your selected term deposits
^See information about the Mozo Experts Choice Term deposits Awards
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.
While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.
5.75% p.a. (for $0 to $250,001)
4.40% p.a.(for $0 to $250,001)
Yes up to $250,000
Bonus rate for the first 4 months from account opening
Reward yourself with a higher rate for your good savings habits with the Rabobank High Interest Savings Account . Receive the maximum rate when you grow your balance by at least $200 each month. No Account keeping fees. No minimum balance.
Reward yourself with a higher rate for your good savings habits with the Rabobank High Interest Savings Account . Receive the maximum rate when you grow your balance by at least $200 each month. No Account keeping fees. No minimum balance.
Read our Mozo Review to learn more about the Rabobank High Interest Savings Account
Your selected term deposits
5.35% p.a. (for $0 to $250,000)
4.75% p.a.(for $0 to $1,000,000)
Yes up to $250,000
Bonus variable rate is available for the first four months.
Competitive introductory variable rate for first 4 months (on deposits up to $250,000). No account keeping fees to pay. Multiple 2023 Mozo Experts Choice Award winner.
Competitive introductory variable rate for first 4 months (on deposits up to $250,000). No account keeping fees to pay. Multiple 2023 Mozo Experts Choice Award winner.
Read our Mozo Review to learn more about the Macquarie Savings Account
Your selected term deposits
5.25% p.a. (for $0 to $1,000,000)
0% p.a.(for $0 and over)
Yes up to $250,000
Intro bonus rate of 5.25% for balances up to $1,000,000 for the first 4 months, reverting to 3.25%. Minimum deposit of $50 and no withdrawals.
Introductory bonus rate for balances up to $1,000,000 for the first 4 months. Minimum deposit of $50 and no withdrawals. Start your account online in under 10 minutes and earn interest on balances up to $1,000,000 (T&Cs apply). No monthly account fees, helping you save smarter and faster.
Introductory bonus rate for balances up to $1,000,000 for the first 4 months. Minimum deposit of $50 and no withdrawals. Start your account online in under 10 minutes and earn interest on balances up to $1,000,000 (T&Cs apply). No monthly account fees, helping you save smarter and faster.
Read our Mozo Review to learn more about the IMB Bank Reward Saver Account
Your selected term deposits
5.00% p.a. (for $0 to $250,000)
2.00% p.a.(for $0 to $250,000)
Yes up to $250,000
Minimum $100 monthly deposit and no withdrawals to earn bonus interest each month.
Earn a generous interest rate on your at-call savings (T&Cs apply). Interest is calculated daily and paid to you monthly. A $5 monthly membership fee will not apply if your total account balances with First Option Bank exceed $1,000 or you have a credit card or loan with the bank.
Earn a generous interest rate on your at-call savings (T&Cs apply). Interest is calculated daily and paid to you monthly. A $5 monthly membership fee will not apply if your total account balances with First Option Bank exceed $1,000 or you have a credit card or loan with the bank.
Read our Mozo Review to learn more about the First Option Bank Savings+Bonus
Your selected term deposits
5.40% p.a. (for $0 to $250,000)
1.20% p.a.(for $0 to $5,000,000)
Yes up to $250,000
Enjoy a bonus rate when you deposit at least $1000 per month with the AMP Saver Account.
No account fees. Unlimited transactions when linked to an AMP Bank transaction account. Easy online access to your money. Option to link your savings account to an everyday transaction account. 2024 Mozo Experts Choice Award winner.
No account fees. Unlimited transactions when linked to an AMP Bank transaction account. Easy online access to your money. Option to link your savings account to an everyday transaction account. 2024 Mozo Experts Choice Award winner.
Read our Mozo Review to learn more about the AMP Bank AMP Saver Account
Your selected term deposits
A 6 month term deposit is a type of investment for your savings, where you lock away your money for six months and get a fixed interest rate in return.
A 6 month term deposit is just one period of time (the term) you can choose from. Most banks will have other terms available ranging from between 1 month up to 5 years.
You might choose a 6 month term deposit if you’re interested in safely growing your savings over a short term, or you’re feeling wary of locking away your cash for any longer than a year.
A 6 month term deposit can also be a good choice for those who want to benefit from any potential interest rate rises, which those locked into a longer term would miss.
Term deposit |
Average |
Best |
6 month |
4.28% p.a. |
5.20% p.a. |
9 month |
4.26% p.a. |
5.15% p.a. |
1 year |
4.60% p.a. |
5.30% p.a. |
Source: mozo.com.au as at 24 April 2024, leading maturity 12 month term deposit rates at $10,000 balance.
When your term deposit matures, it has reached the agreed date when your investment is set to end.
Your bank, credit union or building society will contact you in the weeks leading up to the maturity date to notify you on how much interest you’ve earned and what your options are.
You’ll have the choice of withdrawing your money, moving it to a savings account or signing up for another term deposit.
Exactly when interest is paid on a 6 month term deposit will vary across providers, as interest can be paid monthly, quarterly or on maturity. However, a 6 month term deposit is likely to be calculated monthly or at the end of the term, but talk to your provider if you’re unsure.
The key features to compare term deposits on include:
Features |
Short-term deposit |
Long-term deposit |
Savings account |
Interest Rates |
Fixed – lower rates than long term |
Fixed – higher rates than short-term |
Variable |
Term |
Three, six or twelve months |
One to five years |
Indefinite |
Fees |
No fees |
No fees |
Set up, monthly and or annual fees |
Access |
Can't access funds until term has matured |
Can't access funds until term has matured |
Withdraw money when you want |
The minimum amount required to open a term deposit varies across providers, but the most common minimum required according to Mozo’s database is $1,000.
The maximum amount you can put into a term deposit also varies, but it’s worth noting that you’ll be covered for term deposits of up to $250,000 with authorised deposit-taking institutions by the Australian Government.
I am extremely happy with my bank including service and products
Read full reviewI am extremely happy with my bank including service and products
I love this bank because of how l am treated
Read full reviewI love this bank because of how l am treated
I have always found this bank and its customer service to stand out. The staff I have dealt with have been knowladgeable,courteous and friendly and helpful. Very patient with all my many questions.
Read full reviewI have always found this bank and its customer service to stand out. The staff I have dealt with have been knowladgeable,courteous and friendly and helpful. Very patient with all my many questions.
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Your selected term deposits