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Term Deposits News

The latest term deposits news and tips

Alex Ritchie

Personal Finance Editor

If the cash rate is cut, will my term deposit rate go down?

While the RBA cash rate may influence term deposit rates, the relationship is not always immediate; especially for existing customers locked into a fixed rate.

Term Deposits

07 Nov, 2023

4 min read

If the cash rate is cut, will my term deposit rate go down?
Mark Bristow

Personal Finance Editor

Some of the top-rated term deposits in October 2023

It’s not yet certain if Australia’s cash rate has already reached its peak, or if one more rate rise may be required before the end of the year to help push inflation back down into the RBA’s target band. But if inflation does slow down, you may find that the right term deposit can make a much bigger impact on your savings goals.

Term Deposits

06 Oct, 2023

2 min read

Some of the top-rated term deposits in October 2023
Peter Terlato

Personal Finance Editor

Grow your wealth: top term deposits for September 2023

If you’re considering putting away some of your hard-earned savings, you may want to compare several term deposit accounts to discover those offering the most attractive rates and features that fit your savings goals.

Term Deposits

05 Sep, 2023

3 min read

Grow your wealth: top term deposits for September 2023
Alex Ritchie

Personal Finance Editor

Is now the time to look for a term deposit?

If you’re trying to pick the peak of the market to lock in a higher rate on your term deposit, now may be the time to consider doing so.

Term Deposits

05 Sep, 2023

4 min read

Is now the time to look for a term deposit?
Alex Ritchie

Personal Finance Editor

Unlock high interest rates: First Option Bank's exclusive high-rate term deposit

If you’ve been on the hunt for a competitive term deposit rate, you’ll want to pay attention to this. First Option Bank is offering an exclusive high rate term deposit account just for RateCity customers.

Term Deposits

01 Sep, 2023

4 min read

Unlock high interest rates: First Option Bank's exclusive high-rate term deposit
Peter Terlato

Personal Finance Editor

Secure your stash: top term deposits for August 2023

With interest rates at or near their peak, this may be a strategic moment to consider stashing some of your savings in a term deposit.

Term Deposits

08 Aug, 2023

2 min read

Secure your stash: top term deposits for August 2023
Peter Terlato

Personal Finance Editor

Guaranteed growth: top terms deposits for July 2023

You may want to compare several term deposit accounts to discover those offering the most attractive rates and features that fit your savings goals.

Term Deposits

07 Jul, 2023

2 min read

Guaranteed growth: top terms deposits for July 2023
Alex Ritchie

Personal Finance Editor

How much you could earn with the highest term deposit rates

RateCity has crunched the numbers on the current highest term deposit rates on its database for 12 month, 3-year and 5-year fixed terms, to see how much you could save with these interest rates. 

Term Deposits

04 Jul, 2023

3 min read

How much you could earn with the highest term deposit rates
Peter Terlato

Personal Finance Editor

Lock in savings: top terms deposits for June 2023

If you're thinking about squirrelling away some of your hard-earned savings this winter, you may want to take this opportunity to explore different term deposits offering attractive rates.

Term Deposits

06 Jun, 2023

2 min read

Lock in savings: top terms deposits for June 2023
Peter Terlato

Personal Finance Editor

See your savings swell with RateCity and First Option Bank's exclusive 5% term deposit

To take advantage of this special offer, simply deposit $5,000 or more in a First Option Bank 6-month or 12-month standard term deposit and you’ll earn a fixed rate of 5% annual interest over that period.

Term Deposits

18 May, 2023

3 min read

See your savings swell with RateCity and First Option Bank's exclusive 5% term deposit
Mark Bristow

Personal Finance Editor

Which banks have hiked term deposit and savings account rates in May 2023?

Many Australians were taken by surprise when the Reserve Bank of Australia (RBA) chose to raise the national cash rate by 25 points to 3.85% in May 2023, following a pause the month before.

Term Deposits

12 May, 2023

3 min read

Which banks have hiked term deposit and savings account rates in May 2023?
Peter Terlato

Personal Finance Editor

Maximise your savings: top terms deposits for May 2023

Now may be an opportune time to compare a range of term deposit accounts and the different options that are available.

Term Deposits

12 May, 2023

3 min read

Maximise your savings: top terms deposits for May 2023