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 month. Each of these options provides a different interest rate.
For balances over $1,000,000 over any term, please contact us for rates.
- 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||0.75 Interest rate||0.95 Interest rate|
|$5,000 < $20,000||0.75 Interest rate||0.95 Interest rate|
|$20,000 < $50,000||0.75 Interest rate||0.95 Interest rate|
|$50,000 < $1,000,000||0.75 Interest rate||0.95 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 Monday 27 September 2021
|Early redemption fee||Calculated as follows: Principal x (Early Redemption Rate of 0.1%) x (days invested/365)|
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. Normal lending criteria, terms and conditions apply and are available on request. 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: Fixed Term Deposit brochure; Fees and Charges brochure; Account and Access Facility Conditions of Use; and Deposit Interest Rates Schedule.