Minimum deposit $1,000
Interest paid monthly
No monthly fee
With a Fixed Term Deposit you can lock away deposits over $1,000 for a period of up to 3 years, with your interest paid monthly. We offer several different options based on the amount of money you wish to deposit and the length of time you would like to invest for. Each of these options provides a different interest rate.
Features
- No monthly account service fee
- A choice of terms from 3 months to 3 years
- Minimum deposit of only $1,000
- Interest paid monthly (term deposits with interest paid at maturity or interest paid annually are also available)
For balances over $1 million on any term, please contact us for our best rates.
Rates & Fees
| Product | Balances less than $5,000 | Balances $5,000 < $1,000,000 |
|---|---|---|
| 3-5 month term | 3.20 Interest rate | 3.20 Interest rate |
| 6-11 month term | 3.50 Interest rate | 3.50 Interest rate |
| 12 month term | 3.70 Interest rate | 3.70 Interest rate |
| 2 year term | 3.50 Interest rate | 3.50 Interest rate |
| 3 year term | 3.50 Interest rate | 3.50 Interest rate |
All interest rates quoted are per annum and are calculated on a tiered basis with interest paid on the entire balance at the applicable tiered interest rate. Effective Thursday 31 July 2025 |
| Fees | |
|---|---|
| Monthly fee | $0 |
| Early redemption fee | Calculated as follows: Withdrawal Amount x (Early Redemption Rate of 2.00%) x (days invested/365) |
