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Go to site, promoted, compare some of the best term deposit interest rates in Australia below.
Are they suitable for the amount of money you are looking to invest?However, remember that accounts with higher interest rates may have higher fees or may have special conditions attached, such as the need to exceed minimum opening balance requirements in order to receive the best term deposit rate.Term deposits are offered by banks, credit unions and building societies across Australia, giving you the ability to compare a wide range of options before choosing an account.Have articles like this one sent regularly.Your bank or financial institution may use different terms, and you should read the product disclosure statement (PDS) of your policy carefully to understand everything that may apply during your investment term.This advice is general and has not taken into account your objectives, financial situation or needs.Please note that these are a general explanation of the meaning of terms used in relation to term deposits.For example, an account that compounds interest monthly will end up paying more interest over time than one that compounds interest annually.All investment balance ranges are 5,000 250,000 in Australian dollars.For example, a 10 coupon paid semi-annually would yield two 5 interest payments.Words such as "top "best "cheapest" or "lowest" are not a recommendation or rating of products.Its important to find the best term deposit rates because the higher the interest rate that applies to your account, the more interest you will earn and the more your savings balance will grow.By browsing on the website and/or using our search tools, you are asking RateCity to provide you with information about products from multiple financial institutions.Interest rates are per annum.There is no such thing as a 'one- size-fits-all' financial product.For example, will you need to have a linked account with the same bank which the interest will be paid into, or will you be allowed to have the money sent to any other Australian financial institution?One basis point.01.Debenture: A medium- to long-term investment issued by a company when you lend money to that company.Its hard to access your funds.
Term, interest paid at maturity or yearly.
Coupon payment: A portion of a bond, entitling the holder to receive a payment of interest.