Savings account vs term deposit
Auswide Bank Ziggy Kids Saver vs term deposit
vs
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Interest over 1 year on $50,000
$1,755
3.51% a year, conditions met
$2,625
5.25% a year · paid at maturity
Over 1 year on $50,000, Auswide Bank Ziggy Kids Saver pays $1,755 with its conditions met; Auswide Bank's 12-month term deposit pays $2,625.
Worked out on $50,000 until you pick a balance
Auswide Bank LtdZIGGY KIDS SAVER
Auswide Bank LtdTerm deposit
Figure by figure
Interest over 1 year
on $50,000
$1,755
with its conditions met
$2,625
paid at maturity
+$870 · More interest over the term
Interest over 1 year without meeting the conditions
on $50,000
$5
at the base rate
$2,625
no monthly conditions
Rate over the term
a year, on $50,000
3.51%
with its conditions met
5.25%
fixed for the term
+1.74 · Higher rate over the term
Asked of you each month
- A deposit
- No withdrawals
Nothing
the money stays put
Getting the money out
Any time
a withdrawal can cost that month’s bonus
Locked for 1 year
31 days’ notice to break it early, usually at a lower rate
Can the rate change?
Yes, at any time
the bank sets it
No
fixed for 1 year
Minimum to open
None
$5,000
Who can open it
Anyone under 16
Anyone
How they differ
- A savings rate can change at any time. Auswide Bank Ziggy Kids Saver's figure holds today's rate for 1 year.
- A term deposit's rate is fixed for the term, but the money is locked in: breaking it early needs 31 days' notice and usually costs some of the interest.
- Both are covered by the Financial Claims Scheme, up to $250,000 per person at each bank. Money in both at Auswide Bank shares that one $250,000.
Auswide Bank Term Deposit at every term
The rate the balance above gets at each term, and the interest it pays over that term.
1 monthPaid at maturity0.75%$31
2 monthsPaid at maturity1.00%$83
4 monthsPaid at maturity4.90%$817
5 monthsPaid at maturity4.90%$1,021
7 monthsPaid at maturity5.00%$1,458
8 monthsPaid at maturity5.00%$1,667
9 monthsPaid at maturity5.10%$1,912
10 monthsPaid at maturity5.10%$2,125
11 monthsPaid at maturity5.40%$2,475
1 yearPaid at maturity5.25%$2,625
13 monthsPaid at maturity3.90%$2,113
14 monthsPaid at maturity3.90%$2,275
17 monthsPaid at maturity3.90%$2,763
18 monthsPaid at maturity3.90%$2,925
35 monthsPaid at maturity5.15%$7,510
3 yearsPaid annually4.25%$6,375
37 monthsPaid at maturity3.25%$5,010
49 monthsPaid at maturity3.25%$6,635
5 yearsPaid at maturity3.25%$8,125
As of 2 November 2026, over 1 year on $50,000, Auswide Bank Ziggy Kids Saver pays $1,755 with its monthly conditions met; Auswide Bank's 12-month term deposit pays $2,625 at 5.25%. Figures are the bank's published rates, worked out on the balance above as simple interest. Each row says which figure is higher; it doesn't say which one suits you.