In fact, in 2023 our judges analysed 83 different term deposit accounts to find the ‘best’, some of which we’ve wrapped up below. One place to start is to compare ‘award-winning’ term deposits.Įvery year Mozo’s team of in-house financial experts compare a range of banking products as part of the Mozo Experts Choice Bank Account and Savings Awards^ - including term deposits. According to the latest figures from the Mozo database, many banks have lifted their interest rates in the last month.īut with different interest rates, term lengths and account features on offer, how can you find the best term deposit match? The ‘best’ term deposit for you is going to be different to the next person because everyone has varying financial and savings needs.
The good news for savers is that after a period of decline term deposit rates are starting to edge higher. Whether you're saving a deposit for a home or building up an emergency fund, a term deposit with a fixed interest rate could be one of the more reliable ways to ensure that your savings continue to grow over time.
