The offer of 12-month term deposit rates at three per cent from the big banks has been short-lived.The major banks passed on only a fraction of the Reserve Bank's 25 basis point cash rate cut in August, arguing that wholesale funding costs were high and also that they needed to support savers.CBA and Westpac increased their 12-month term deposit rates by 55 bps to three per cent and ANZ increased its 12-month TD rate by 60 bps to three per cent.But in September CBA cut its 12-month TD rate by 60 bps to 2.4 per cent and, according to the latest Mozo Banking Roundup, last month ANZ cuts 45 bps and Westpac cut 50 bps off their 12-month rates.Mozo said most of the TD rate moves in October were down and few of the rate increases announced by the Big Four in August remain.Savers who want three per cent on their deposits need to go to ME, which is offering 3.1 per cent for six months, or Big Sky or QT Mutual Bank, which are both offering 3.05 per cent for 12 months.Arab Bank, ING Direct, ME, Qudos Bank and People's Choice Credit Union are offering three per cent for 12 months.