*Top 3 Term Deposit leaders Judo Bank - Highest rates across all yearly termsĭisclaimer Who we are and how we get paid Meanwhile, AMP has some pretty good medium term rates.īelow we’ve kept track of the top three financial institutions offering some of the highest interest rates found in the Mozo database. Bank of Queensland has some of the highest short term rates with their 6 month term at 5.15%. Once again Judo bank has the highest rates across 1 to 5 year terms with its 1-3 year terms at 5.35% p.a. However, as of November, no one provider is offering leading rates across all terms. So, if you’re looking to lock your cash up for a short while, then some of the current rates on the market could be worth considering.īut who’s the current leader in term deposits? For a long time, Judo Bank was the leader across most terms. Since the RBA’s continuous cash rate hold, term deposit providers have turned away from higher interest rates for longer terms and are instead focusing on shorter term rates. So how long can these rates last and is now the time to put your cash into a term deposit? Since the start of the year, term deposits have seen a race to the top, with some now going as high as 5%.
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