anybody know who offering the best 6 month term deposit rate at moment?
Best 6 month Term Deposit?
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Comments
For 6 months, I wouldn't bother with a TD. ING Direct will get you 3% variable. Just deposit $1000 per month (Can withdraw it again)
Ubank Term Deposit - 2.71% for 6 months. (When you renew a TD, you also get a 0.10% bonus).
While ME Bank may provide slightly higher rate at 2.75%, based on my experience, the cons outweigh the pros. You still need to apply via form, it is a manual process, and they can take time to process your form. Which means there is a possibility your funds are sitting idly waiting for them to process.
With Ubank, the application process is automated (assuming you already have a Ubank account), so it is fairly hassles-free.
I am assuming you want a fixed rate, hence term deposit; otherwise, Ubank's transaction and savings combination will give you 2.87%, for balances of up to 200K, with the condition of a minimum $200 deposit per month.
Hope this helps.
How about this? https://www.cua.com.au/everyday-banking/savings-and-term-dep…
Why choose a eSaver Boost Account?
Be rewarded for being a regular saver and earn bonus interest when you deposit at least $250 a month and make no withdrawals. With a CUA eSaver Boost Account you can earn a generous bonus interest rate and regular monthly interest payments, so you can reach your dreams even sooner.
Earn bonus interest
Along with a generous base interest rate of 0.50% p.a., you can earn a further 2.45% p.a.<> when you make total deposits of at least $250 and no withdrawals in a calendar month.
Access to your savings
Have instant access to your money when you need it with online banking, mobile banking and telebanking.
The perfect partner for a CUA everyday account
With an everyday account you can also manage your daily banking to keep your day-to-day life running smoothly, and easily transfer money online between accounts.
No monthly account or online transfer fees
With no monthly account fees or fee to transfer your money online your savings won’t be reduced by unnecessary costs.
ME Bank?
https://www.mebank.com.au/pages/rates/term-deposits/