With a Fixed Term Deposit you can lock in an interest rate on your savings for a set period.
Rates & Fees
|Product||2 year term||3 year term|
|$1,000 < $5,000||0.80 Interest rate||1.00 Interest rate|
|$5,000 < $20,000||0.80 Interest rate||1.00 Interest rate|
|$20,000 < $50,000||0.80 Interest rate||1.00 Interest rate|
|$50,000 < $1,000,000||0.80 Interest rate||1.00 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 Thursday 29 July 2021
|Early redemption fee||Calculated as follows: Principal x (Early Redemption Rate of 0.1%) x (days invested/365)|
The fine print
Your funds are locked in for the agreed time at the agreed interest rate. If we approve your request to break your term deposit early, break fees apply for the early redemption. 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 Account and Access Facility Conditions of Use; and Deposit Interest Rates Schedules to determine if the product is right for you.