- Home
- Term Deposits
- Adelaide Bank
- Money Making Term Deposit
Money Making Term Deposit
- 1 month
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
Interest rate
0.90%
Maximum rate
3.85%
for 24 months
Money Making Term Deposit
- 1 month
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
Interest rate
0.90%
Maximum rate
3.85%
for 24 months
Pros and Cons
For Money Making Term Deposit
Benefits
- Interest can be paid to other institution
- Automatic maturity rollover
- Maturity alert by email
Drawbacks
- 31 days notice to withdraw funds before maturity and interest rate adjustment will apply to interest earned on funds
Adelaide Bank Rate Term Deposit overview
For Money Making Term Deposit
Features
Min deposit
$5,000
Automatic maturity rollover
Maturity alert by phone
Maturity alert by email
Joint application available
Minimum age requirement
18
Notice period to withdraw
31
Is covered by government guarantee
Target Market Determination
Visit Adelaide Bank to view Target Market Determination.
Interest
Interest calculation frequency
Daily
Interest payment frequency options
Monthly, Annually, Semi-Annually, At Maturity
Interest payment via other institution
Interest payment method
Rollover on maturity, Direct Credit, Cheque
Fees
Account keeping fee
$0
Early withdrawal fee
Rates
TermRates on deposit of ($5,000 - $5,000,000)
1 month0.90%
2 months1.10%
3 months2.80%
4 months2.10%
5 months2.20%
6 months3.25%
7 months2.50%
8 months2.60%
9 months2.90%
10 months2.80%
11 months2.90%
1 year3.50%
2 years3.85%
3 years3.85%
4 years3.85%
5 years3.85%
