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.
- 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 7 month rate, $5,000 +||0.45Interest rate|
|3-5 month term, balances less than $5,000||0.30Interest rate|
|6-11 month term, balances up to $5,000||0.30Interest rate|
|12 month term, balances less than $5,000||0.60Interest rate|
|3-5 month term, balances $5,000 < $1,000,000||0.30Interest rate|
|6-11 month term, balances $5,000 < $1,000,000||0.30Interest rate|
|12 month term, balances $5,000 < $1,000,000||0.60Interest rate|
|2 year term, balances less than $5,000||0.75Interest rate|
|2 year term, balances $5,000 < $1,000,000||0.75Interest rate|
|3 year term, balances less than $5,000||0.95Interest rate|
|3 year term, balances $5,000 < $1,000,000||0.95Interest 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 7 January 2022
|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: Financial Service Guide; 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.