Term Deposit Accounts

Grow your savings with certainty

0.85 % p.a.

Min. deposit $5,000

  • 1 Year Regular Income Term Deposit
  • No upfront fees

Grow your savings with certainty

0.85 % p.a.

Min. deposit $5,000

  • 1 Year Regular Income Term Deposit
  • No upfront fees

Term Deposits are an efficient way to grow your savings

Invest your money for a fixed term and be confident in knowing that your money is locked away with a competitive fixed interest rate. We offer a range of terms to suit your needs, anything from 30 days to 5 years.

The details

  • Fixed return on your investments

    You have the security of locking in a fixed rate of return.

  • Deposit protection

    Deposits are protected by the Australian Government’s Financial Claims Scheme (FCS), which guarantees up to $250,000 per account.

  • No upfront fees

    No monthly account or application fees.

  • Flexible terms

    You can choose from a range of terms to suit your needs. Anything from 30 days to 5 years.

  • Keep track of your investment

    View, track and manage your Term Deposit alongside your other accounts via Internet Banking.

Get interest paid earlier, not later

Our Interest First Term Deposit pays you interest on the day you open the account, rather than on the last day of your fixed term.

Learn more
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Interest rates

  • Rates
    Term Deposits1
    $500 - $19,999 $20,000 - $49,999 $50,000 - $99,999 $100,000 and over
    30 days (I18) 0.40% p.a. 0.40% p.a. 0.40% p.a. 0.40% p.a.
    60 days (I17) 0.40% p.a. 0.40% p.a. 0.40% p.a. 0.40% p.a.
    90 days (I16) 0.60% p.a. 0.60% p.a. 0.75% p.a. 0.75% p.a.
    120 days (I7) 0.70% p.a. 0.70% p.a. 0.85% p.a. 0.85% p.a.
    180 days (I15) 0.70% p.a. 0.70% p.a. 0.85% p.a. 0.85% p.a.
    270 days (I1) 0.75% p.a. 0.75% p.a. 0.85% p.a. 0.85% p.a.
    1 year (I12) 0.75% p.a. 0.75% p.a. 0.85% p.a. 0.85% p.a.
    2 years (I24) 0.75% p.a. 0.75% p.a. 0.85% p.a. 0.85% p.a.
    3 years (I36) 0.75% p.a. 0.75% p.a. 0.85% p.a. 0.85% p.a.
    4 years (I48) 0.75% p.a. 0.75% p.a. 0.85% p.a. 0.85% p.a.
    5 years (I60) 0.75% p.a. 0.75% p.a. 0.85% p.a. 0.85% p.a.
    Interest First Term Deposit2
    $500 - $19,999 $20,000 - $49,999 $50,000 - $99,999 $100,000 - $1,000,000
    150 days (I55) 0.70% p.a. 0.70% p.a. 0.85% p.a. 0.85% p.a.

     

    1 Year Regular Income Term Deposit
    Interest Rates Interest Rates
    Minimum Deposit $5,000 0.85% p.a.

Frequently asked questions

  • What is a Term Deposit?

    Term Deposits are a cash investment that are invested for a fixed amount of time. When you apply, you decide how long you want the money invested, anywhere from 30 days to 5 years. The interest rate you earn depends on the length of the fixed term you choose.

  • How do I open a Term Deposit via Internet Banking?
    1. Login to Internet Banking
    2. Select Accounts
    3. Select Open Term Deposit
    4. Read and accept the General Terms and Conditions
    5. If you wish to open a joint Term Deposit, select 'Add a new Applicant' and they’ll be required to log into their Internet Banking, or to open a Term Deposit as an individual. Click next
    6.  Select the deposit amount
      1. $500.00 - $19,999.00
      2. $20,000.00 - $49,999.00
      3. $50,000.00 - $99,999.00
      4. $100,000.00 - $9,999,999.00
    7. Select your term, 30 days to 5 years
    8. Select the highlighted interest rate 
    9. Select the account to Transfer funds from an internal account
    10. Enter your amount
    11. Choose what you would like to do at the end of the term:
      1. Rollover term deposit
      2. Transfer funds
    12. Choose what you would like to do with your interest:
      1. Rollover term deposit
      2. Transfer funds
    13. Once you ensure all your details are correct, select confirm and the Term Deposit will be opened
  • How will my interest be calculated?

    Interest is calculated daily. The daily percentage rate is the Annual Percentage Rate divided by 365.

  • What happens to my Term Deposit at maturity?

    If you haven’t provided us specific instructions for when your term deposit matures, it will automatically be rolled over for the same term at the interest rate applicable on the date of maturity. 

How to apply

Ready to apply or need help choosing the right Term Deposit for you? We’re here to talk with you about your unique circumstances and recommend the best account for your needs.

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Existing customer?

Existing customers can apply, view and manage their Term Deposits within Internet Banking.

Apply now
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Apply Online

It's quick and easy to get started online.


Apply now
Call us

Call us

We're here to help. Speak to a specialist today.

1300 654 822

Need more support?

For more help and support, please view our Term Deposit FAQs.

Important Information

Interest is calculated daily. Interest rates are per annum, current at the time of printing and are subject to change without notice. These rates are for retail customers only and limits may apply.

1. Subject to our Terms and Conditions, a Term Deposit interest rate reduction applies on early withdrawals, with interest paid at the reduced rate from the date of deposit to the day prior to withdrawal. Where the withdrawal reduces the 'Fixed Term Deposit' balance to an amount that attracts a lesser rate, that lesser rate shall apply for the remainder of the term.
2. Part withdrawals are not permitted on the Interest First Term Deposit product.