If you have a longer term goal and can resist the temptation of dipping into your funds, consider a term deposit.
Your return and interest rate are fixed with flexible interest payment options available. You can invest a substantial amount, or as little as $1000 at a competitive interest rate and term that suits you - from 30 days up to five years.
- Start saving today with as little as $1,000
- Reinvest or change your term and interest rate at maturity
- Eligible deposits under the $250,000 cap are Government guaranteed*
3 year - Interest paid on maturity or annually
| Terms Available (Min $1,000) | Interest paid on maturity or annually | Interest paid monthly |
| 5 years | 4.25% p.a. | 4.20% p.a. |
| 4 years | 4.25% p.a. | 4.20% p.a. |
| 3 years | 5.30% p.a. | 5.25% p.a. |
| 2 years | 5.00% p.a. | 4.95% p.a. |
| 1 year | 5.00% p.a. | 4.95% p.a. |
| 9 months | 4.85% p.a. | 4.80% p.a. |
| 6 months | 4.85% p.a. | 4.80% p.a. |
| 3 months | 4.70% p.a. | 4.65% p.a. |
Product Features:
Saving Features |
|
|---|---|
| Minimum opening deposit : | $1,000 |
| Funds available : | At maturity |
| Statement options : | Online statements |
| Monthly account fee : | $6 - exempt when membership balance is over $5,000 |
| Transaction fees : | N/A |
| Service centre access : | Yes |
| Online, Mobile and Phone banking : | Yes |
| Visa debit card : | No |
| Cheque book : | No |
| Direct credit : | No |
| Direct debit : | No |
| Quick debit : | No |
| Periodical payment : | No |
| BPAY : | No |
| Bank@Post : | No |
| Interest calculation : | Calculated on daily balance and paid monthly, annually or at maturity |
| Conditions : | Early withdrawal will be allowed at the discretion of the Bank on 31 days notice. Penalty interest rates may apply. |
Our awards
Our Term Deposits have achieved great success being independently recognised by finance industry experts Canstar and Mozo, for achieving great value and innovative features across a range of different term lengths, from one month to five years.
We're ready to help you
* For more information on the Australian Government guarantee, visit our Financial Claims Scheme page
