Top term deposit rates in March following the RBA’s cash rate rise
Some of the best term deposit rates for March are for 6 and 12-month terms.
Term deposit interest rates have been creeping higher and higher over the past few months.
And with the RBA raising the cash rate in February and again in March, they're going even higher.
Some of the best term deposit rates right now are for shorter terms between 6 and 12 months.
Want to lock in a high rate?
Compare term deposits and secure a great fixed rate.
Top 6-month term deposit rates in March
Unity Bank term deposit
You can get a fixed rate of 5.10% p.a. on a 6-month term with deposits of at least $1,000.
Goldfields Money term deposit
Earn a fixed 5.10% p.a. for 6 months when you deposit at least $5,000.
G&C Mutual term deposit
Lock in a 5.10% p.a. fixed rate on 6-month terms with investments from $1,000.
Judo Bank term deposit
You can get a fixed 5.00% p.a. rate for 6 months on deposits of at least $1,000.
Top 12-month term deposit rates in March
Judo Bank Term Deposit
You can lock in a high fixed rate of 5.35% p.a. for 12-month terms on balances starting from just $1,000.
Bank First Term Deposit
Earn a fixed rate of 5.25% p.a. for 12 months with deposits starting from just $500.
Unity Bank term deposit
You can get a fixed rate of 5.20% p.a. on a 12-month term with deposits of at least $1,000.
First Option Bank Term Deposit
You can currently earn a special fixed rate of 5.20% p.a. on a 12-month term, from balances over $1,000.
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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