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Term Deposits News

The latest term deposits news and tips

Peter Terlato

Personal Finance Editor

Lock in high interest with term deposits in April 2023

If you’re thinking of putting away a portion of your savings for an extended period, now may be the time to consider comparing a range of term deposit accounts and the different options that are available.

Term Deposits

06 Apr, 2023

2 min read

Lock in high interest with term deposits in April 2023
Mark Bristow

Personal Finance Editor

Which banks have hiked term deposits and savings accounts in February 2023?

The ninth consecutive increase to Australia’s national cash rate was revealed last week, making this the fastest hiking cycle in decades. The Reserve Bank of Australia (RBA) has indicated that more rate hikes may be necessary in 2023 to help bring down Australia’s high inflation. This may mean more pain for mortgage holders, savers could potentially benefit from rising rates.

Term Deposits

13 Feb, 2023

3 min read

Which banks have hiked term deposits and savings accounts in February 2023?
Alex Ritchie

Personal Finance Editor

The highest term deposit and savings account rates after the final RBA meeting for 2022

Savers are coming out on top amongst rate hikes, as interest rates climb above 4%. So, which savings accounts and term deposits are offering the highest rates to help your nest egg grow in 2023? 

Term Deposits

06 Dec, 2022

3 min read

The highest term deposit and savings account rates after the final RBA meeting for 2022
Peter Terlato

Personal Finance Editor

Stash your cash with some of the best term deposits in December 2022

The big four banks’ highest term deposit rates were significantly lower before the RBA hikes began in May. Now, the highest rates offered by the big four banks for term deposits are at least 4 per cent. These apply for domestic and international students too.

Term Deposits

06 Dec, 2022

3 min read

Stash your cash with some of the best term deposits in December 2022
Mark Bristow

Personal Finance Editor

Which banks have hiked term deposit and savings account rates in November 2022?

Good news for savers - some of the biggest banks and providers in Australia have hiked rates on their deposit accounts. This may allow Australian savers to benefit from interest rates of 4 per cent or even more on their savings account or term deposit, and grow their wealth more quickly. 

Term Deposits

08 Nov, 2022

4 min read

Which banks have hiked term deposit and savings account rates in November 2022?
Alex Ritchie

Personal Finance Editor

Here's how much you could earn in a 12-month term deposit at the current highest rates

RateCity has crunched the numbers on a $20,000 balance to determine how much you could earn in a 12-month term on the current highest rates on our database.

Term Deposits

28 Oct, 2022

3 min read

Here's how much you could earn in a 12-month term deposit at the current highest rates
Liz Seatter

Senior Finance Writer

CBA chasing down market leaders with 4% term deposit rates

Australia’s largest bank, CBA, is chasing down the term deposit market leaders by today hiking rates by up to 1.75 percentage points.

Term Deposits

10 Oct, 2022

4 min read

CBA chasing down market leaders with 4% term deposit rates
Mark Bristow

Personal Finance Editor

Which banks have hiked term deposit and savings account rates in September 2022?

The fifth consecutive hike to the national cash rate, courtesy of the Reserve Bank of Australia (RBA), has led to several major banks raising rates on their savings accounts and term deposits. But not every saver may be able to benefit from earning more interest on their savings. 

Term Deposits

13 Sep, 2022

3 min read

Which banks have hiked term deposit and savings account rates in September 2022?
Georgia Brown

Personal Finance Editor

Which banks have hiked term deposit and savings account rates in August 2022?

This month, the Reserve Bank of Australia (RBA) hiked the cash rate for the fourth consecutive month, and a number of lenders have since passed the increase on to savers.

Term Deposits

10 Aug, 2022

4 min read

Which banks have hiked term deposit and savings account rates in August 2022?
Georgia Brown

Personal Finance Editor

Which banks have hiked term deposit and savings account rates in July 2022?

With the Reserve Bank of Australia (RBA) hiking the cash rate for the third consecutive month, there’s no better time for savers to shop around for competitive offers on savings products.

Term Deposits

12 Jul, 2022

4 min read

Which banks have hiked term deposit and savings account rates in July 2022?
Georgia Brown

Personal Finance Editor

Who's raised term deposit and savings account rates? These are the banks that have increased

For the second consecutive month, the Reserve Bank of Australia has hiked the cash rate, bringing about more interest-earning opportunities for savers.

Term Deposits

10 Jun, 2022

3 min read

Who's raised term deposit and savings account rates? These are the banks that have increased
Georgia Brown

Personal Finance Editor

Which banks have increased term deposit interest rates?

This month’s Reserve Bank of Australia (RBA) board meeting saw the official cash rate rise for the first time in over a decade. But while interest rate rises may mean one thing to mortgage holders, they may be much more appealing to long-term savers.

Term Deposits

10 May, 2022

3 min read

Which banks have increased term deposit interest rates?