Fixed-rate term deposit for savers who do not need ongoing access.
•Fixed return for customers prepared to lock savings away.
Comparison
Term deposits
Compare term deposits by fixed term, headline rate and lock-in requirements.
1 accounts found
How to compare
What matters before you choose a savings account
Check the real rate
Compare maximum rate against the ongoing base rate
Some savings accounts use a strong headline rate to attract attention, but the ongoing base rate can be much lower once the bonus portion falls away.
Read the conditions
Monthly hoops can matter more than the headline
Bonus saver accounts often require deposits, card transactions or balance growth to unlock the top rate, so simple conditions can be just as important as the number itself.
Know the account type
High interest, bonus saver and term deposit pages serve different goals
High interest and bonus saver accounts suit flexible cash parking, while term deposits are more about locking money away for a fixed period and fixed rate.
Savings account questions
What to know before you click through
What should I compare first on a savings account?
Start with the maximum rate, the ongoing base rate and the monthly conditions required to unlock the top rate. Those three points usually explain whether an account is genuinely competitive for your habits.
What is the difference between a high interest savings account and a bonus saver account?
A high interest savings account usually focuses on a stronger ongoing rate, while a bonus saver account often splits the return between a base rate and a bonus rate that depends on meeting monthly conditions.
Why do monthly conditions matter so much?
Because missing a deposit requirement, transaction target or balance-growth rule can reduce the return you actually earn, even when the headline rate looks strong on the product page.
Are term deposits better than flexible savings accounts?
They serve different purposes. Term deposits can suit money you do not need to access for a fixed period, while flexible savings accounts are usually better for cash you may want to move or add to more regularly.
Should I always choose the account with the highest advertised rate?
Not always. The best-looking rate can come with short intro periods or more demanding monthly conditions, so it is worth comparing what you are likely to earn in practice rather than just the top-line number.