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.
If you prefer your interest to be paid monthly, we also have a fixed term deposit with monthly interest
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
Special 9 month rate, $5,000 + | 0.65Interest rate |
3-5 month term, balances less than $5,000 | 0.50Interest rate |
6-11 month term, balances up to $5,000 | 0.50Interest rate |
12 month term, balances less than $5,000 | 0.50Interest rate |
3-5 month term, balances $5,000 < $1,000,000 | 0.50Interest rate |
6-11 month term, balances $5,000 < $1,000,000 | 0.50Interest rate |
12 month term, balances $5,000 < $1,000,000 | 0.50Interest rate |
Effective date from Wednesday 30 December 2020 |
Fees | |
---|---|
Monthly fee | $0 |
Early redemption fee | Fee applies |