Term Deposit Rates
About Term Deposits in Australia
Within Australia, a term deposit is a type of investment that provides a fixed rate of return over a nominated investment term such as 3, 6 or 12 months.
While the product is mostly provided by banks and credit unions, the deposit interest rates tend to fluctuate according to the decisions and future policies set by the Reserve Bank of Australia. It is called a certificate of deposit, time deposit or fixed deposit in other countries.