Minimum deposit $1,000
Interest paid monthly
Covered by Australian Government Deposit Guarantee Scheme
Our fixed term deposits (interest paid monthly) allow you to lock away deposits over $1,000 for a period of up to 12 months. 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. With this option, you'll receive the interest you've earned on your deposit each month. 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 don't mind waiting until your term is up to receive your interest, we also offer an interest paid at maturity and interest paid annually 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 monthly
- Covered by the Australian Government Deposit Guarantee Scheme
Rates & Fees
| 3-5 month term, balances less than $5,000 | 0.40Interest rate |
| 6-11 month term, balances less than $5,000 | 0.40Interest rate |
| 12 month term, balances less than $5,000 | 1.00Interest rate |
| 3-5 month term, balances $5,000 < $1,000,000 | 0.40Interest rate |
| 6-11 month term, balances $5,000 < $1,000,000 | 0.40Interest rate |
| 12 month term, balances $5,000 < $1,000,000 | 1.00Interest rate |
| 2 year term, balances less than $5,000 | 1.30Interest rate |
| 2 year term, balances $5,000 < $1,000,000 | 1.30Interest rate |
| 3 year term, balances less than $5,000 | 1.40Interest rate |
| 3 year term, balances $5,000 < $1,000,000 | 1.40Interest 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 Wednesday 18 May 2022 |
| Fees | |
|---|---|
| Monthly fee | $0 |
| Early redemption fee | Calculated as follows: Principal x (Early Redemption Rate of 0.1%) x (days invested/365) |