Hi guys I'm just looking for a bit of guidance/knowledge/information when it comes to term deposits/
I'm currently looking to put around $100,000 into a term deposit and I currently bank with Westpac I had a look last night at the term deposit rates and they look pretty low compared to some of the competition.
Straight away I noticed ME Bank looks to offer a much higher interest rate so I guess I'm just wondering what's the catch if there is one?
I did notice ME Bank seems to have some pretty bad reviews though I'm wondering if any of that will affect me as the only thing I would like to do with them is make a term deposit and then withdraw it all when it matures
The Westpac interest rate looks to be just under 1% and the ME one is around 1.65
Any advice or guidance would be much appreciated this is pretty much all my savings so I don't want to put it in the wrong hands
Any stipulations or anything I could just be totally missing would be great