Deposit takers raised 70 term deposit rates and cut 24 in January, according to the latest Mozo Banking Roundup.

Mozo said the majority of rate increase were for terms of 12 months or more but a few providers also raised short-term rates.

Australian Military Bank increased its one and two-year rates by 40 basis points and its four and five-year rates by 20 bps.

Auswide Bank raised its one and two-year rates by 5 bps and its three, four and five-year rates by 20 bps.

G&C Mutual Bank raised its three-month rate by 30 bps to 90 bps – the highest offer for that term. It increased its 12-month rate by 15 bps to 1 per cent and its two-year rate by 10 bps to 1.1 per cent.

Macquarie Bank increased its 12-month rate by 15 bps to 70 bps. MyLife MyFinance increased a range of rates, including raising its nine-month rates by 19 bps to 99 bps.

AMP Bank has overtaken Judo Bank as the TD market rate leader. It has the top rate under 12 months – 11 months at 1.1 per cent. It also has the top rate for two years (1.35 per cent), three years (1.45 per cent), four years (1.75 per cent) and five years (1.85 per cent).

Judo Bank has the top rate for 12 months, at 1.12 per cent.

Mozo reported that there was little activity in the at-call deposit market last month. AMP raised the ongoing bonus rate on its Saver Account by 19 bps to 1.35 per cent, matching the bonus rate offered by ING on Savings Maximiser and the four-month introductory rate offered by Rabobank on its High Interest Savings Account.

The highest at-call base rate in the market is 95 bps, which Macquarie Bank is offering on its Macquarie Savings Account.