The fixed term deposit making a positive difference to more than just your bank balance.
Category: Term Deposits Last Updated October 24, 2024 Effective November 1, 2024
Product Features
Digital BankingAdditional Information: You can self-serve your day-to-day banking needs via Bank Australia's App or Internet Banking.
OtherAdditional Information: Early Withdrawal: If you want to withdraw your TD prior to maturity, you are required to provide 31 days' prior notice. You may incur an interest adjustment and a Term Deposit early withdrawal admin fee.
Product Eligibility
BusinessAdditional Information: Sole traders, Pty Ltd, public companies, partnerships or associations
Min Age - 18. Additional Information: Customers must be aged 18+ to open a personal or non-personal Term Deposit.
Natural PersonAdditional Information: Natural Person or In trust for a Natural Person or Non-Individual entity.
Residency Status - Au. Additional Information: Be an Australian citizen, permanent resident or have a valid visa; or entity be registered in Australia.
Bank Fees and Charges
Term Deposit Early Withdrawal (Event), Amount: 15.00. Additional Information: A fee charged for withdrawal of funds from your term deposit prior to its maturity.
Company/business Name Searches (Event), Amount: 40.00. Additional Information: When we conduct a search of the ASIC register to obtain information about the ownership of a company in adminstration of an account. The cost is per search.
Certificates Supplied By The Bank (Event), Amount: 30.00. Additional Information: A fee for comprehensive certficates supplied for audit. The cost is $60 per hour with a minimum $30 per certificate.
Duplicate Statement Fee (Event), Amount: 5.00. Additional Information: A fee that may be charged if you order a copy of a statement that has already been issued on your account. This fee per statement and is charged on or after the day you order the duplicate statement.
Dormancy (Transaction), Amount: 12.00. Additional Information: Administration fee where account has been transferred to dormancy status. The cost per quarter charged on the last day of March, June, September and December.
Security Token Fee (Event), Amount: 50.00. Additional Information: When you request that we provide you with a physical Token to provide an additional layer of security when you engage in transactions that carry a higher risk. We do not charge for the virtual token.
Sms Alert Fee (Event), Amount: 0.25. Additional Information: This fee is charged when you elect to receive notifications about your account via SMS messages to a mobile telephone number you have given us for contacting you. The cost is per sms.
Same Day Funds Transfers Within Australia Fee (rtgs) (Transaction), Amount: 30.00. Additional Information: This fee is for a Real Time Gross Settlement (RTGS) payment which refers to the process of transferring money from one bank to another in Australia on a real time and gross basis. The cost is per transfer.
Staff Assisted International Payment In Foreign Currency (Transaction), Amount: 30.00. Additional Information: This fee is charged when you make an International Payment in foreign currency via a Branch or the Contact Centre. The cost is per transfer.
Staff Assisted International Payment In Aud (Transaction), Amount: 30.00. Additional Information: This fee is charged when you make an International Payment in AUD via a Branch or the Contact Centre. The cost is per transfer.
Online International Payment In Foreign Currency (Transaction), Amount: 10.00. Additional Information: This fee is charged when you make an International Payment in foreign currency on-line via Internet banking or Bank Australia app. The cost is per transfer.
Inwards Payment Fee (Deposit), Amount: 0.00. Additional Information: International money transfer from overseas (other fees may be charged by participating banks involved in the transaction or settlement). The cost is per transaction.
Limitations & Restrictions (Constraints)
Min Balance of 500.00 Additional Information: Minimum Balance of $500 is required