st george bank term deposit interest rates

5-year term deposit is 1.15% higher than CBA’s 3.95% p.a. 1-year term deposit is 0.20% higher than Westpac’s term deposit special 5.10% p.a. In fact, some smaller term deposit providers actually offer higher rates than the Big Four. However, it can be good to shop around and make sure that your bank is giving you the best rates possible.

It’s easy to get comfortable and stick with your current bank on everything, term deposits included. How do the Big Four rates compare to smaller term deposit providers? Must give 31 days notice and you will incur an interest reduction. Must give 31 days notice for full or partial release of funds. Must give 31 days notice, plus, there will be a prepayment adjustment. Must give 31 days notice and an interest rate adjustment will normally apply. Here’s a breakdown of what term deposit features and conditions Westpac, Commonwealth Bank, NAB and ANZ have to offer at the moment:ĥ.10% (1 year and 18 month terms) (existing Westpac customers that open or renew online get extra 0.10% p.a.) Some of the things you might want to look out for are interest rates, deposit limits, and whether you can choose how often your interest is paid (monthly, quarterly, annually, or at maturity). There are a couple of things you’ll want to look out for in a term deposit. What features do the big banks term deposits have?

The ANZ Advance Notice Term Deposit: 5.05% (1 year) to 4.00% (5 years).

The NAB Term Deposit 5.00% (1 year) to 4.00% (5 years).

The Commonwealth Bank Term Deposit 4.25% (1 year) to 3.95% (5 years).The Westpac Term Deposit: 4.25% (1 year) to 4.00% (5 years).But, if you’d rather stick with one of the major banks, you’ll still find some fairly good options.Ĭheck out where the best rates from the big four sit now: You may have noticed some pretty competitive rates as high as 5% or more from smaller providers. Even if official rates were to stay where they are, term deposits are already at a much higher rate than at the same time last year. With the RBA raising the cash rate to 4.35% in November, term deposits have seen yet another bump in rates before the years end. However, you might be wondering if now is the right time. If the current state of the Aussie economy along with the rising cost of living has you wanting to lock up your savings and throw away the key, then a term deposit might be the way to do it.

St george bank term deposit interest rates