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 frequency of interest payments and the length of time.
Category: Term Deposits Last Updated May 13, 2026 Effective June 3, 2026
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: 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: Early withdrawal may be allowed at the discretion of the Bank on 31 days' notice. Where funds are withdrawn from a term deposit account prior to maturity, a reduction to the interest rate will be applied dependent on the time left until maturity.
- Card Access Additional Information: A range of security features and services provided, including fraud prevention technology and secure banking, to help keep your funds safe.
Product Eligibility
- Natural Person
- Residency Status - Permanent Resident. Additional Information: You must be an Australian citizen or permanent resident
Bank Fees and Charges
- 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)
- Min Balance of 1000.00
- Opening Balance of 1000.00
