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.
We also offer interest paid monthly and interest paid annually fixed term deposit options.
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 9month rate, $5,000 + | 3.80Interest rate |
3-5 month term, balances less than $5,000 | 3.00Interest rate |
6-11 month term, balances up to $5,000 | 3.25Interest rate |
12 month term, balances less than $5,000 | 4.20Interest rate |
3-5 month term, balances $5,000 < $1,000,000 | 3.00Interest rate |
6-11 month term, balances $5,000 < $1,000,000 | 3.25Interest rate |
12 month term, balances $5,000 < $1,000,000 | 4.20Interest 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 Tuesday 14 March 2023 |
Fees | |
---|---|
Monthly fee | $0 |
Early redemption fee | Calculated as follows: Principal x (Early Redemption Rate of 0.5%) x (days invested/365) |