Skip to content
Savings Accounts and Term Deposits

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.


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 three months and up to five years

Open a Term Deposit with us online

Existing members

Open a Term Deposit using your Mobile Banking App or Internet Banking.

Mobile Banking App

Select Open new account from the drop-down menu, choose the term you want and follow the instructions.

Internet Banking

Select Apply for from the top navigation menu, click Account, then choose the term you want and follow the instructions

Not a member?

You can join online and open a Term Deposit at the same time (just make sure you have your ID handy). Simply select Term Deposit Account when completing our online membership form and follow the prompts.

Alternatively, you can call us on (08) 8202 7777 or visit us at 400 King William Street, Adelaide.

Interest rates and fees

Product Name Interest Rate
3 Month Term Deposit 0.20% pa
4 Month Term Deposit 0.20% pa
5 Month Term Deposit 0.20% pa
6 Month Term Deposit 0.25% pa
7 Month Term Deposit 0.25% pa
8 Month Term Deposit 0.25% pa
9 Month Term Deposit 0.30% pa
10 Month Term Deposit 0.30% pa
11 Month Term Deposit 0.30% pa
1 Year Term Deposit 0.40% pa
2 Year Term Deposit 0.45% pa
3 Year Term Deposit 0.50% pa
4 Year Term Deposit 0.50% pa
5 Year Term Deposit 0.50% pa
Fee Amount
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date, an administration fee of $20 and an interest adjustment will apply - the interest rate applicable to amounts withdrawn early will be adjusted to reflect the proportion of contracted term elapsed.Calculated at the time of the withdrawal request

Want to do more with your money?

Looking for a savings account that delivers great interest no matter how many deposits or withdrawals you make? Our Netsave Account ticks every box.

Offering the ability to earn higher returns without having to lock funds away while having no monthly account keeping or transaction fees*.

Rewarding you with bonus interest for each month that you make a deposit (of any amount) and no withdrawals.

Our Access Account is our fee free account with 24/7 banking, plus digital wallets including Google Pay™, Apple Pay, Samsung Pay, Fitbit Pay and Garmin Pay™.

This is general advice only and you should consider the terms and conditions before determining whether any of our products are suitable to your situation. Deposits are guaranteed subject to the Financial Claims Scheme terms and conditions. Interest rates are subject to change without notice.