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.
If you prefer your interest to be paid monthly, we also have a fixed term deposit with monthly interest
- 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
|Special 5 month rate, $5,000 +||0.80Interest rate|
|3-5 month term, balances less than $5,000||0.55Interest rate|
|6-11 month term, balances up to $5,000||0.55Interest rate|
|12 month term, balances less than $5,000||0.55Interest rate|
|3-5 month term, balances $5,000 < $1,000,000||0.70Interest rate|
|6-11 month term, balances $5,000 < $1,000,000||0.70Interest rate|
|12 month term, balances $5,000 < $1,000,000||0.70Interest rate||
Effective date from Tuesday 20 October 2020
|Early redemption fee||Fee applies|
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; Membership and Deposit Account Conditions of Use; and Deposit Interest Rates Schedule.
Note: Rates above are available for interest paid monthly for aged pensioners and self-funded retirees with the exception of the Special Fixed Term Deposit Interest Rate. Eligibility will be confirmed on application.