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) |
The fine print
If you choose to withdraw whole or part of the balance of a Term Deposit prior to maturity an early redemption fee may apply. If you wish to add to your term deposit, you can only do so on the maturity date and at the time of reinvestment.
Please be aware that interest rates may change at any time prior to an agreement being entered into.
Before acquiring this product please refer to the Financial Service Guide; Target Market Determination; Account and Access Facility Conditions of Use; Fees and Charges brochure; Personal and Savings Transaction Accounts brochure and Deposit Interest Rates Schedule to determine if the product is right for you.