Term Deposit Let your money do more for you
Competitive interest with flexible payment.
If you're looking to earn a bit more interest than that offered by our savings accounts and you’re happy to leave your money untouched for a longer period, a Term Deposit is a fantastic, high-security option.
It offers a high, fixed rate of interest, calculated daily and paid at maturity for terms up to 12 months. While for terms of one to five years, interest can be paid fortnightly, monthly, quarterly or annually – it’s your choice.
Open a Term Deposit with us online
Open a Term Deposit in Internet Banking.
Simply select Apply for from the Internet Banking navigation menu, click Account, then choose the term you want and follow the instructions. It’s that easy.
Not a member?
Easy to get started
Invest as little as $5,000
Fixed interest rate
You know how much you'll earn
Your investment is government-guaranteed
For deposits up to $250,000
Wide range of terms
As little as one month and up to five years
Interest rates and fees
|Product Name||Interest Rate|
|1 Month Term Deposit||1.60% pa|
|2 Month Term Deposit||1.90% pa|
|3 Month Term Deposit||2.15% pa|
|4 Month Term Deposit||2.15% pa|
|5 Month Term Deposit||2.20% pa|
|6 Month Term Deposit||2.20% pa|
|7 Month Term Deposit||2.30% pa|
|8 Month Term Deposit||2.60% pa|
|9 Month Term Deposit||2.30% pa|
|10 Month Term Deposit||2.30% pa|
|11 Month Term Deposit||2.30% pa|
|1 Year Term Deposit||2.55% pa|
|2 Year Term Deposit||2.70% pa|
|3 Year Term Deposit||2.90% pa|
|4 Year Term Deposit||2.90% pa|
|5 Year Term Deposit||2.90% pa|
|Term Deposit Early Withdrawal|
|When you request to withdraw part or all of your term deposit funds prior to the contracted maturity date, an administration fee of $20 and an interest adjustment will apply - the interest rate applicable to amounts withdrawn early will be adjusted to reflect the proportion of contracted term elapsed.||Calculated at the time of the withdrawal request|