The indicated IDR deposit interest rate is applicable for a fixed 3 month/90 day tenor with a dep - IDR - Mar, 2018: More Info: BNI 3 Month Term Deposit: 3 month: 5.50%: Rates applicable to a 3 month tenor for 1 billion IDR and above. IDR - Jun, 2018: More Info: BNI 6 Month Term Deposit: 6 month: 5.25%: Rates applicable to a 6 month tenor for.
The following Interest Rates are for the Capitec Bank Product 'Fixed Term Savings Plan / Singlle Deposits Option' and for a term of 6 months above R100,000. The rate of 7.39% is 0.57% higher than the average 6.82%.

Term deposits are a safe and guaranteed way to set aside your savings. While they won't attract high interest rates like a savings account, they offer more than a transaction account. It has been a tough year for term deposit holders, though, as the Reserve Bank continued to lower interest rates in a bid to revive the economy from the pandemic.

Best Term Deposit Rates For 6 Months Mortgage

With rates lower than they've ever been, the key attraction of a term deposit in a time of uncertainty is that your savings are protected by the federal government up to the value of $250,000. This means in the unlikely event that your bank collapses, you won't lose your money. The same can't be said of other investments promising higher income where your capital is at risk if the company goes belly-up.

This year's winners offer very competitive rates.

'Simplicity is a critical part of what Bankwest seeks to deliver to customers, and some of the enhancements we've made to our online term deposit reflect that, particularly in regard to the introduction of self-service and management features,' says Louise Tovey, general manager, everyday banking, at Bankwest.

Over the past 12 months, the bank improved customers' experience through an online functionality that allowed them to reinvest and withdraw funds and close term deposits. This can be done without the need to contact Bankwest's customer support colleagues.

'These enhancements have proven popular, particularly during Covid-19, with use of these features increasing as customers take advantage of the ability to lock in a fixed rate of return amidst the uncertainty of a global pandemic,' says Tovey.

Best Term Deposit Rates Australia

We compare each term deposit and then rate it out of 5, with a 5-star rated product offering outstanding features and value. Some of the features you should look for when comparing term deposits include: Interest rates on offer for different terms; What the ideal “term” or “tenure” is for your term deposit, e.g. 1 month up to 5 years.

Interest Rates For Term Deposits

Make sure you understand the cost of withdrawing your funds before the term ends.