Minimum deposit $1,000
Choose how your interest is paid
No monthly fee
With a Fixed Term Deposit you can lock away deposits over $1,000 for a period of 2 or 3 years, with your interest paid annually. 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
- Terms for 2 and 3 years
- Minimum deposit of only $1,000
- Interest paid annually (term deposits with interest paid monthly or at maturity are also available)
For balances over $1 million on any term, please contact us for our best rates.
Rates & Fees
| Product | 2 year term | 3 year term |
|---|---|---|
| $1,000 < $5,000 | 4.20 Interest rate | 4.00 Interest rate |
| $5,000 < $20,000 | 4.20 Interest rate | 4.00 Interest rate |
| $20,000 < $50,000 | 4.20 Interest rate | 4.00 Interest rate |
| $50,000 < $1,000,000 | 4.20 Interest rate | 4.00 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 Tuesday 14 March 2023 |
| Fees | |
|---|---|
| Monthly fee | $0 |
| Early redemption fee | Calculated as follows: Principal x (Early Redemption Rate of 0.5%) x (days invested/365) |
