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 +||4.30Interest rate|
|3-5 month term, balances less than $5,000||3.50Interest rate|
|6-11 month term, balances up to $5,000||4.00Interest rate|
|12 month term, balances less than $5,000||4.85Interest rate|
|3-5 month term, balances $5,000 < $1,000,000||3.50Interest rate|
|6-11 month term, balances $5,000 < $1,000,000||4.00Interest rate|
|12 month term, balances $5,000 < $1,000,000||4.85Interest rate|
|2 year term, balances less than $5,000||4.20Interest rate|
|2 year term, balances $5,000 < $1,000,000||4.20Interest rate|
|3 year term, balances less than $5,000||4.00Interest rate|
|3 year term, balances $5,000 < $1,000,000||4.00Interest 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 Thursday 28 September 2023
|Early redemption fee||Calculated as follows: Principal x (Early Redemption Rate of 0.5%) 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. 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; Business Banking Brochure; Fees and Charges brochure; Account and Access Facility Conditions of Use; and Business 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.