Term Deposit
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 April 22, 2024 Effective May 3, 2024
Product Features
- Notifications Additional 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.
- Other Additional Information: Backed by the Government Deposit Guarantee for deposits up to $250,000
- Other Additional 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.
- Other Additional Information: For terms of 24 months or less, we may allow early withdrawals at our absolute discretion. On early withdrawal of any Term Deposit, penalty interest rates may apply.
Product Eligibility
- Residency Status - Permanent Resident. Additional Information: You must be an Australian resident
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
Limitations & Restrictions (Constraints)
- Opening Balance of 1000.00
