Another win for ING Direct Australia which currently, 13th of June 2013, has the highest interest rate for a 1 year (12 months) fixed rate term deposit savings account, however to get the rate of 4.5% you have to be saving at least $10,000!

not got $10,000 to put away for a year?
If you haven't got $10,000 to put away for a year and still want to save then RaboDirect are offering the next highest with a rate of 4.15% - you can currently get a higher rate of 4.76% from RaboDirect and have your money instant: Best interest rate for instant access cash savings in Australia the interest rate is variable with that though and only lasts 4 months then it's time to Ditch and Switch and grab another good interest rate. If you can be bothered that's a good way of earning more money, if not a 1 year term deposit or longer maybe of benefit.

ING Direct Au term deposit interest rates:
Interest Rates - Term Deposits and Savings - ING DIRECT
ING DIRECT Personal Term Deposits interest rates

Personal Term Deposits offer a fixed rate of interest for the duration of the term and require a minimum opening deposit of $10,000.

Term Interest rate
30 day rate 2.75% p.a.
90 day rate 4.00% p.a.
120 day rate 4.00% p.a.
180 day rate 4.00% p.a.
210 day rate 4.20% p.a.
270 day rate 4.00% p.a.
330 day rate 4.00% p.a.
1 year rate 4.50% p.a.
2 year rate 4.60% p.a.

1 year term deposit interest: 4.15% sums over $1,000:
Term Deposits with High Interest Rates | RaboDirect AustraliaTerm Deposits

  • NEW - Get an extra 0.10%p.a. with our Loyalty bonus
  • Set up your Term Deposits online, it's a piece of cake.
  • Interest paid monthly, quarterly, half yearly or yearly
  • Start with as little as $1,000