Up to three years
Term Deposits
Earn a higher rate of interest on your savings with a Term Deposit. A Term Deposit is a secure way to grow your savings with fixed terms available to suit your needs.
Product Features:
Savings and Investments |
|
|---|---|
| Minimum : | $1,000 |
| Choice of fixed terms : | 1 month to 3 years |
| Interest payment frequencies : | At maturity, monthly, quarterly, half yearly or annually |
Interest Rates:
Watch your savings grow with our Term Deposit investment options. For investment enquiries over $1,000,000 please contact our Members Services team on 1300 688 825.
Rates are effective as at 20 February 2024.
| Investment Term | Interest Payment Frequency | $1,000 to $499,999 | $500,000 to $1,000,000 |
| 1 month | at maturity | 1.45% p.a. | 1.50% p.a. |
| 2 months | at maturity | 1.95% p.a. | 2.00% p.a. |
| 3 months | at maturity | 3.55% p.a. | 3.60% p.a. |
| 4 months | at maturity | 3.55% p.a. | 3.60% p.a. |
| 5 months | at maturity | 2.95% p.a. | 3.00% p.a. |
| 6 months | at maturity | 4.60% p.a. | 4.65% p.a. |
| 7 months | at maturity | 2.95% p.a. | 3.00% p.a. |
| 8 months | at maturity | 2.95% p.a. | 3.00% p.a. |
| 9 months | at maturity | 4.05% p.a. | 4.10% p.a. |
| 10 months | at maturity | 2.95% p.a. | 3.00% p.a. |
| 11 months | at maturity | 2.95% p.a. | 3.00% p.a. |
| 12 months | monthly | 4.55% p.a. | 4.60% p.a. |
| 12 months | quarterly | 4.55% p.a. | 4.60% p.a. |
| 12 months | half yearly | 4.60% p.a. | 4.65% p.a. |
| 12 months | at maturity | 4.65% p.a. | 4.70% p.a. |
| 24 months | monthly | 4.20% p.a. | 4.20% p.a. |
| 24 months | quarterly | 4.20% p.a. | 4.20% p.a. |
| 24 months | half yearly | 4.25% p.a. | 4.25% p.a. |
| 24 months | annually | 4.30% p.a. | 4.30% p.a. |
| 36 months | monthly | 4.10% p.a. | 4.10% p.a. |
| 36 months | quarterly | 4.10% p.a. | 4.10% p.a. |
| 36 months | half yearly | 4.15% p.a. | 4.15% p.a. |
| 36 months | annually | 4.20% p.a. | 4.20% p.a. |
Things to note...
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Important Information
We have not considered your objectives, financial situation, or needs. You should consider these things, along with the Product Disclosure Statement and our product Target Market Determinations before making any decision to acquire a product.
Interest on Term Deposits is calculated by applying the daily percentage rate to the account balance and paid at intervals as specified in the tables above. A reduced interest rate applies if term deposits are redeemed before Maturity Date. The reduced interest rate is 0.10% per annum calculated from the date the account was opened to the date of early redemption. The daily percentage rate is the applicable annual percentage rate divided by 365.
