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 | 0.30Interest rate |
| 6-11 month term, balances less than $5,000 | 0.30Interest rate |
| 12 month term, balances less than $5,000 | 0.30Interest 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 | 0.30Interest rate |
| 2 year term, balances less than $5,000 | 0.60Interest rate |
| 2 year term, balances $5,000 < $1,000,000 | 0.60Interest rate |
| 3 year term, balances less than $5,000 | 0.60Interest rate |
| 3 year term, balances $5,000 < $1,000,000 | 0.60Interest rate |
Effective date from Wednesday 23 June 2021 |
| Fees | |
|---|---|
| Monthly fee | $0 |
| Early redemption fee | Fee applies |