Bank West offers 8.5% on 7 month term deposit
I was enquiring about this today and was told the rate would increase 'tomorrow' but they wouldn't tell me. I checked their website after close today and found the following
A BankWest Gold Term Deposit Account helps you secure your future with a guaranteed rate of return - 8.50% p.a. for 7 months. Interest is paid upon maturity, there are no bank fees and you can invest as little as $5,000 right up to $2 Million.
A great rate of up to 8.50% p.a. guaranteed throughout the term.
Choice of terms ranging from 1 to 12 months, or even longer
No bank fees
When your term deposit matures, enjoy 10 days grace to consider your options
You can make withdrawals during the term - but the interest rate will be adjusted.