Highest term deposit rates: February 2020

Term deposit rates are pretty low at the moment, but that doesn’t mean you can’t snap up a better rate for yourself. Savings has collated some of the highest term deposit rates available this month for a variety of term lengths.

What affects term deposit interest rates?

While term deposit interest rates are fixed over the course of your term, banks can still change the rates they offer on new deposits and rollovers. Understand the internal and external factors that influence these movements.