Looking for a way to get more from your savings?

Snap up one of our Term Deposit rates. Whether you want the flexibility of a 31 day term, or you prefer to keep your savings in a longer-term investment, we have options.

Opening a Term Deposit account takes less than five minutes with our online application.1

Featured rates2

31 day term
3.85 % p.a.2
3 month term
4.80 % p.a.2
6 month term
5.30 % p.a.2
9 month term
5.25 % p.a.2
12 month term
5.35 % p.a.2

All the good stuff

No account-keeping or establishment fees

No account-keeping or establishment fees

Terms starting from 31 days

Terms starting from 31 days

Get your interest paid monthly (on selected terms)

Get your interest paid monthly (on selected terms)

Your savings protected by the Government guarantee<a href="#fn3" class="footnote">3</a>

Your savings protected by the Government guarantee3

Competitive rates and flexible options

Personal interest rates (for individual and joint applications)

Interest paid on maturity or annually
Term Fixed rate
31 day term 3.85% p.a.
3 month term 4.80% p.a.
6 month term 5.30% p.a.
9 month term 5.25% p.a.
12 month term 5.35% p.a.
24 month term 4.80% p.a.
36 month term 4.20% p.a.
48 month term 4.10% p.a.
60 month term 4.10% p.a.
Interest paid monthly
Term Fixed rate
12 month term 5.20% p.a.
24 month term 4.65% p.a.
36 month term 4.05% p.a.
48 month term 3.95% p.a.
60 month term 3.95% p.a.
 
 
 
 

Minimum deposit amount of $25,000. Interest is calculated daily, and depending on the term, can be paid monthly, yearly or at maturity. For rates on deposits greater than $1,000,000 call 1300 221 479.

Want to apply?

For investments $1,000,000 or less for personal rates, apply online through our quick and easy digital application.

If you're investing over $1,000,000, simply download and complete our Term Deposit application form

Non-personal interest rates (for applications from businesses, trusts, and SMSFs)

Interest paid at maturity
Term Fixed rate
31 day term 3.85% p.a.
3 month term 4.80% p.a.
6 month term 5.25% p.a.
9 month term 5.20% p.a.
12 month term 5.30% p.a.
24 month term 4.75% p.a.
36 month term 4.20% p.a.
48 month term 4.10% p.a.
60 month term 4.10% p.a.
Interest paid monthly
Term Fixed rate
12 month term 5.15% p.a.
24 month term 4.60% p.a.
36 month term 4.05% p.a.
48 month term 3.95% p.a.
60 month term 3.95% p.a.
 
 
 
 

Minimum deposit amount of $100,000. Interest is calculated daily, and depending on the term, can be paid monthly, yearly or at maturity. For rates on deposits greater than $1,000,000 call 1300 221 479.

Want to apply?

Download and complete our Term Deposit (non-personal) application form or call us on 1300 221 479 for assistance.

Questions? We have answers

How long will my application take?

Online applications take less than five minutes. Provided we've been able to verify your identity online, account details will be emailed to you within 15 minutes.

How can I fund my Term Deposit?

Your Term Deposit account can be funded by transferring the investment amount into your Term Deposit account BSB and account number, or via BPAY.

The BPAY biller code is 274795 and the customer reference number is your Term Deposit account number.

Once you've deposited funds into your Term Deposit, equivalent to the amount you applied for, your Term Deposit will be fully funded.

You have seven calendar days from when your Term Deposit is opened to fully fund your Term Deposit account.

When does my Term Deposit start?

The start date of your Term Deposit account will be the date when we first receive funds into your account.

How is the interest calculated on my Term Deposit?

You'll earn interest on your Term Deposit account based on your daily closing balance (excluding the maturity date or date of early withdrawal).

The interest earned each day is equal to the daily closing balance, multiplied by the annual percentage rate applied to your Term Deposit when it was opened, divided by the number of days in the year (365 days, or 366 days during a leap year).

If your Term Deposit starts in a non-leap year and matures in a leap year (or vice-versa), the daily interest earned is calculated based on 365 days for the portion of term held within the non-leap year, and 366 days for the portion held within the leap year.

Other questions you may have

To open an account, you need to:

  • be 14 years or older
  • have an Australian mobile number and a valid email address
  • have an Australian residential address, and
  • be solely an Australian resident for taxation purposes.

You can also apply for an account with us if you're a non-personal entity, such as a company, trust, or a SMSF.

Interest is calculated daily and paid:

  • at maturity (for terms below 12 months)
  • monthly or at maturity (for 12 month terms), or
  • monthly or yearly (for 24, 36, 48 and 60 month terms).

General information