We streamline the process of moving between banks, saving clients time and effort while ensuring they always get access to competitive term deposit rates.
Over the years, we’ve facilitated thousands of transactions worth hundreds of millions of dollars for individuals, advisers, and institutions across Australia.
Our Difference
We believe clients should receive the same outcome as if they were dealing directly with the bank—only without the hassle. Our team handles all the administration, freeing up time for clients and advisers to focus on what matters most.
Security and Trust
- All deposits are in the name of the client.
- All funds transfers are bank to bank in the name of the client.
- All deposits are covered by the Government Guarantee subject to APRA Financial Claims Scheme conditions.
The Term Deposit Shop holds an Australian Financial Services Licence (No. 344 582) regulated by the Australian Securities and Investments Commission (ASIC) and is required to hold Professional Indemnity Insurance to cover both civil and fraudulent actions.
How we get paid
We receive a small fee that is either paid directly by the financial institution you deposit funds with or is deducted when you receive interest payments on your deposit. The cost for a typical client with $100,000 on deposit is less than $10 per month. Rates shown are prior to the deduction of our service fee. When you select an investment you will see the applicable fee (% pa) prior to submitting.
Key People
John Powell
Non-Executive Chairman
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Scott Beeton
CEO and Managing Director
Mobile: 0400 252 425
Email: scott.beeton@ttds.com.au
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James Simpson
Business Development Manager
Mobile: 0411 533 770
Email: james.simpson@ttds.com.au
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Nick Powell
Operations Manager
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Patrick Constable
Operations Manager
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Paul Fraser
Business Development Manager
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Why We’re Different
The Term Deposit Shop is not reliant on being paid by the banks. This makes it easier to expand the list of banks that choose us to distribute their deposit products and to be able to offer better rates. It also reinforces our independence and impartiality.
Our onboarding process utilises an intuitive wizard that automatically pre-populates all on boarding documents rather than having to manually fill them out yourself.
We are completely paperless. All onboarding documents can be uploaded electronically. No hard copy required.
Superior and more flexible reporting functionality via secure portals that are customised for individual users.
