What are the best interest rates for 4-year term deposits in Australia?
Interest rates on 48-month term deposits in Australia typically range from 4% to 5% depending on the financial institution.
Is it a good idea to invest money in a 4-year term deposit?
Placing your funds in a 48-month fixed deposit with an Australian bank may not be the best idea, as you can get more income by investing in securities or a 1-year deposit.
Can I open a term deposit online?
Yes, many financial organizations offer the option to open a term deposit online. Online banking has become increasingly common, and most major banks provide secure online platforms for managing various accounts, including term deposits.
Calculate future income on a 4-year term deposit (example):
|
Amount, $ |
Rate, % |
Accrued %, $ |
|
44 000 |
4,70% |
8 272 |
|
44 000 |
4,75% |
8 360 |
|
44 000 |
4,80% |
8 448 |
|
92 000 |
4,75% |
17 480 |
|
92 000 |
4,80% |
17 664 |
|
92 000 |
4,85% |
17 848 |
|
195 000 |
4,80% |
37 440 |
|
195 000 |
4,85% |
37 830 |
|
195 000 |
4,90% |
38 220 |
|
276 000 |
4,85% |
53 544 |
|
276 000 |
4,90% |
54 096 |
|
276 000 |
4,95% |
54 648 |
|
614 000 |
4,90% |
120 344 |
|
614 000 |
4,95% |
121 572 |
|
614 000 |
5,00% |
122 800 |