Get 8.70% p.a. with Suncorp 12 month term deposits.

At a glance…

• High interest online savings account for personal use

6 Month Term Deposit, earn 8.60% p.a. with interest paid at maturity. Highest nominal % interest rate in Australia independently verified by RateCity/CANNEX.

A Macquarie Bank term deposit offers a highly competitive fixed interest rate for the term of 12 months.

A BankWest Gold Term Deposit Account helps you secure your future with a guaranteed rate of return - 8.50% p.a. for 7 months.

For today only, commonwealth bank offers a special term deposit at a higher rate. Here’s what the staff told me:

Term deposit/interest rate:
3 months - 8.3%,
6 months - 8.4%,

MQ Term Plus is a new term investment that provides you a minimum fixed interest rate of 7.45%pa*, with a total return equal to the annualised performance of an Australian sharemarket index, up to 10.

Earn a guaranteed 7.70%pa return and sleep at night, regardless of market conditions.

I was comparing short term term deposit from online banks, and 6.8% at 6 months term and 7% at 12 months term seems to be the maximum you can get at the moment.