Term Deposits

If you are looking for a secure, fixed-interest investment, a term deposit may be for you.

Your interest rate is guaranteed not to change for the invested term, so you can set it and forget it.

There are often special rates available. Please refer to the current Savings and Term Deposit Interest Rates. There are three ways to earn interest:

1) Paid on Maturity (I22)

• Be paid the interest at the end of the investment term.
• Minimum investment is $1,000. Interest rates for investments over $100,000 are negotiable.
• Choose a term of your choice — from less than 3 months to 48 months.

2) Paid Six Monthly (I39)

• A nice way to create a twice yearly income stream.
• Minimum investment is $5,000. Interest rates for investments over $100,000 are negotiable.
• Choose a term of your choice — from 6 months to 48 months.

3) Paid Monthly (I37)

• Create a rolling monthly income stream.
• Minimum investment is $5,000. Interest rates for investments over $100,000 are negotiable.
• Choose a term of your choice — from 3 months to 48 months.

Note: Approved Term Deposit amounts withdrawn before maturity will be paid the interest rate on the amount withdrawn of 2.00% or the invested rate, whichever is the lesser. A minimum withdrawal of $1,000 applies with a maximum of three breaks allowed.

For more info, download our Savings & Transactions brochure