RateCity
In 2007 Bendigo Bank merged with Adelaide Bank to form the Bendigo and Adelaide Bank Group of companies or what is commonly known as Bendigo Bank today. The unique strengths of Adelaide Bank in wholesale finance and Bendigo in retail banking have combined and grown to be one of Australia’s largest retail banks, now servicing over 300 communities, families and businesses and over 1.3 million customers. Their head office is located in the central Victorian city of Bendigo, with business operating dominantly in Victoria and Queensland. The bank has extensive experiences in communities and joint ventures as it continues its tradition of providing its customers with quality personal service and a broad selection of home loan products and advice to match. Bendigo Bank is now a publicly-listed company on the Australian Stock Exchange.
Product Details
- Company
-
- Nominal Rate
- 4%
- Effective Rate
- 4.06%
- Payment Frequency
- Quarterly
- Maturity Alert
-
- Partial Withdrawal Penalty
- Yes
- Compounding Interest
- No
Product Features
Automatic rollover y
Whether your term deposit account will automatically roll over to a new account with the same term once it reaches maturity if you do not instruct otherwise
Partial withdrawal y
Partial withdrawal permitted: If this account allows customers to partially redraw on their account without being penalized.
Int paid via other institution y
Whether the interest dividend can be paid into an account held with another financial instituion
