Minimum deposit $1,000
Interest paid at maturity
Covered by Australian Government Deposit Guarantee Scheme

Our fixed term deposits (interest paid on maturity) allow you to lock away deposits over $1,000 for a period of up to 12 months, with your interest paid at the end of your term. 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.

For balances over $1,000,000 over any term, please contact us for rates.

We also offer interest paid monthly and interest paid annually fixed term deposit options.

Features

  • No monthly service fees
  • Terms up to 12 months
  • Locked in interest rate on your savings account for a specific period of time
  • Minimum deposit of only $1,000
  • Interest paid at maturity (i.e. when the term is up)
  • Choose to have funds deposited directly to your account on maturity, reinvest in a new term deposit or receive your funds as a cheque
  • Covered by the Australian Government Deposit Guarantee Scheme

Rates & Fees

Product Balances less than $5,000 Balances $5,000 < $1,000,000
Special 8 month rate, $5,000 + N/A 4.90 Interest rate
3-5 month term 3.75 Interest rate 3.75 Interest rate
6-11 month term 4.00 Interest rate 4.00 Interest rate
12 month term 4.85 Interest rate 4.85 Interest rate
2 year term 4.20 Interest rate 4.20 Interest rate
3 year term 4.00 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 Friday 9 February 2024
Fees
Monthly fee $0
Early redemption fee Calculated as follows: Principal x (Early Redemption Rate of 0.5%) x (days invested/365)
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The fine print

Please be aware that interest rates may change at any time without agreement. 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. Fees and charges are payable.

Before acquiring this product, the information above should be read in conjunction with the following documents to determine if this product is right for you: Financial Service Guide; Business Banking Brochure; Fees and Charges brochure; Account and Access Facility Conditions of Use; and Business Interest Rates Schedule.