Minimum deposit $1,000
Interest paid at maturity
Covered by Australian Government Deposit Guarantee Scheme
Our fixed term deposits (interest paid on maturity) allow you to lock away deposits of $1,000 or greater for a period of up to 3 years, with your interest paid at the end of your term. 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. Each of these options provides a different interest rate.
For balances over $1,000,000 over any term, please contact us for rates.
We also offer interest paid monthly and interest paid annually fixed term deposit options.
Features
- No monthly service fees
- Available terms of 3 months to 3 years
- Locked in interest rate on your savings account for a specific period of time
- Minimum deposit of only $1,000
- Interest paid at maturity (i.e. when the term is up)
- Choose to have funds deposited directly to your account on maturity, reinvest in a new term deposit or receive your funds as a cheque
- Covered by the Australian Government Deposit Guarantee Scheme
Rates & Fees
| Product | Balances less than $5,000 | Balances $5,000 < $1,000,000 |
|---|---|---|
| Special 5 month rate, $5,000 + | N/A | 4.70 Interest rate |
| 3-5 month term | 3.60 Interest rate | 3.60 Interest rate |
| 6-11 month term | 4.00 Interest rate | 4.00 Interest rate |
| 12 month term | 4.60 Interest rate | 4.60 Interest rate |
| 2 year term | 4.00 Interest rate | 4.00 Interest rate |
| 3 year term | 4.00 Interest rate | 4.00 Interest 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 9 October 2024 |
| Fees | |
|---|---|
| Monthly fee | $0 |
| Early redemption fee | Calculated as follows: Principal x (Early Redemption Rate of 2.00%) x (days invested/365) |