With a Term Deposit your money is invested for a fixed period of time with a guaranteed rate of return. Term deposit rates vary depending on the amount you invest and the length of time.
Category: Term Deposits Last Updated October 3, 2024 Effective November 1, 2024
Product Features
NotificationsAdditional Information: We'll send you a term deposit renewal notice 2 weeks before it matures, not only as a reminder but to also explain what you can do next.
OtherAdditional Information: Backed by the Government Deposit Guarantee for deposits up to $250,000
OtherAdditional Information: Automatically rollover your existing Term Deposit at the rate of interest relevant to the new term that you select, or we will re-invest the principal and interest in accordance with the account instructions we received from you when the Term Deposit was established.
OtherAdditional Information: Early withdrawal will be allowed at the discretion of the Bank on 31 days notice. Reduced interest rates may apply.
Product Eligibility
Residency Status - Permanent Resident. Additional Information: You must be an Australian resident
Natural Person
Bank Fees and Charges
Monthly Account Fee (Periodic), Amount: 6.00. Additional Information: Account fee charged when minimum monthly value is less than $5,000 includes combined balances of savings, term deposits and loans
Bank Cheque Fee (Withdrawal), Amount: 10.00. Additional Information: A fee charged when a bank cheque is drawn on your account
Paper Statement Fee (Periodic), Amount: 2.00. Additional Information: A fee charged to cover the cost of producing and sending paper statements