Term Deposits Comparison: Compare & Apply For Term Deposit Account Online

A term deposit is a secure and low risk investment. All you have to do is leave your money in the deposit account for a set period of time and watch it earn interest. These investment should be considered once you understand how the work and the potential costs involved.

Term Deposit	1 mth	3 mth	4 mth	6 mth	12 mth	24 mth	36 mth	48 mth	60 mth	Min and Max Deposit
Macquarie Bank Term Deposit	4.10%	4.20%	5.50% 4mths at 5.75%	5.50%	6.00%	6.00%	6.00%	6.10% interest on maturity	6.00% interest paid annual	$10,000 – 1m
Flexirates Suncorp eOptions flexiRates	4.25%	5.45%	5.70%	6.15%	6.45%	-	-	-	-	$1 – $50m
Bankwest Term Deposit	-	3.61%	-	5.01%	5.40%	-	-	-	-	$1,000 – 5m
Flexirates Suncorp Everyday Options Sub Account	4.25%	5.45%	5.70%	6.15%	6.45%	-	-	-	-	$1 – $50m
Suncorp Term Deposit	-	5.40%	-	5.15%	6.00%	-	7.00%	-	-	$10,000 – 24,999
St.George Term Deposit	-	-	5.30%	5.95% for 5mths	6.00% for 7mths	6.00%	7.00%	6.50%	7.25%	$5,000 – $5m
Term Deposit	1 mth	3 mth	4 mth	6 mth	12 mth	24 mth	36 mth	48 mth	60 mth	Min and Max Deposit

Investing your money can be risky, term deposits are an excellent choice for people who want to invest their cash with less risk. These accounts allow you to set aside a certain amount of money at a fixed interest rate for a fixed period of time. Long term deposits typically garner the highest interest rates but 90-day term deposits can also gain good rates for the short term. If you think that this may be a good investment, you probably have a few questions that you need answer to before you hand over your money.

Frequently Asked Questions About Term Deposits:

1. Are there any penalties I should be worried about? Yes, term deposits have a penalty for early withdrawal. The cost of the penalties varies, but it could be more then the amount you have earned in interest. These penalties can be avoided if you budget so that you can leave that money alone for the full term of the investment

2. What happens if interest rates change during my term? This can be good or bad depending on whether it goes up or down. If rates go down, you profit because you have locked in at the higher previous rate. However, if they go up you will not benefit from those increases. You should pay attention to what the market is doing, if rates are going up steadily you may be better off putting your money in an adjustable rate investment like a savings account.

3. Does it matter how often the interest is paid to me? Yes, monthly payment usually pay a little more then yearly payments, but only if you have the interest added to your principle investment.

4. Will my personal bank give me the best rate? Not necessarily, you should shop around to get the best rate available.

5. Are term deposits and debentures the same thing? No, debentures are unsecured investments, they have more risk and usually higher rates.

6. Can I negotiate for a better rate? Yes, you can negotiate with banks for a better rate.

7. What happens when my term deposit matures? You will have a short period of time, usually a week to either renew the deposit or withdraw it without a penalty. Once the week is over is will automatically renew for the same term. Mark the maturity date on your calendar so you can make an informed decision about whether to renew, get a better rate, or withdraw.

Term deposits are a secure and safe way to invest your money. Be sure that you do not invest more then you can live without for the given time period. If you can make it, they can be a simple way to earn money on your money.

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Credit Card	Card Details	Interest Rate (p.a.)	Cash Advance Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Interest free days (up to)
HSBC Credit Card	Editor's Choice: 0% for 6 months Balance Transfer & No Annual Fee Featuring a $0 annual fee for life, and 0% p.a. balance transfer for 6 months, the HSBC Credit Card was voted the Best Transactor Credit Card for 2010.	16.99%	20.75%	0% for 6 months	$0	55
Suncorp Clear Options Standard Visa Card	A great 12 month balance transfer offer, combined with a low annual fee and a good interest rate on purchases.	12.24%	17.99%	1.9% for 12 months	$39	0