Minimum deposit $1,000
Interest paid monthly
Covered by Australian Government Deposit Guarantee Scheme
Our fixed term deposits (interest paid annually) allow you to lock away deposits over $1,000 for a period of up to 3 years. 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. With this option, you'll receive the interest you've earned on your deposit each year. 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 at maturity and interest paid monthly fixed term deposit options.
Features
- No monthly service fees
- Terms for 2 and 3 years
- Locked in interest rate on your savings account for a specific period of time
- Minimum deposit of only $1,000
- Covered by the Australian Government Deposit Guarantee Scheme
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) |