Top term deposit rates April: Lock in up to 5.45% p.a.
If you choose a 12 or 24-month term you can currently get a fixed rate as high as 5.45% p.a. with these offers.
A term deposit is a great way to lock in a fixed return on your cash while you're not using it.
And with the RBA raising the cash rate a couple of times this year, term deposit rates have also gone up.
Some of the best term deposit rates right now are for terms between 12 and 24 months, with rates as high as 5.45% p.a.
Want to lock in a high rate?
Compare term deposits and secure a great fixed rate.
Top 12-month term deposit rates in April
Heartland Bank Term Deposit
You can earn a great fixed rate of 5.45% p.a. on balances between $10,000 and $1 million.
Gateway Bank Term Deposit
Get 5.45% p.a. for 12 months when you invest between $1,000 and $1 million.
Community First Bank Term Deposit
This bank is currently offering a special offer fixed rate of 5.40% p.a. on balances between $10,000 and $1 million.
Judo Bank Term Deposit
You can lock in a fixed rate of 5.35% p.a. on balances starting from just $1,000.
Top 24-month term deposit rates in April
Judo Bank Term Deposit
You can lock in a fixed rate of 5.40% p.a. on balances starting from just $1,000.
Suncorp Bank Term Deposit
Get a fixed 5.25% p.a. for deposits between $5,000 and $2 million.
Unity Bank Term Deposit
You can lock in 5.20% p.a. when you deposit at least $1,000.
Bank First Term deposit
For small deposits of just $500+ you can get a fixed rate of 5.15% p.a.
Not sure if you want to commit to locking your cash away for a while? You can earn a decent interest rate with a savings account instead, which allows you to access your cash whenever you need it.
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