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Term Deposit

  • 2024 Award Winner
  • 3 months
  • Automatic maturity rollover
  • Joint application available
  • Maturity alert by email

Interest rate

4.70%

Maximum rate

5.00%

for 6 months

Term Deposit

  • 2024 Award Winner
  • 3 months
  • Automatic maturity rollover
  • Joint application available
  • Maturity alert by email

Interest rate

4.70%

Maximum rate

5.00%

for 6 months

Pros and Cons

For Term Deposit

Benefits

  • Interest can be paid to other institution
  • Automatic maturity rollover
  • Maturity alert by email
  • Winner of Best Term Deposit 3 Month 50 K, Best Term Deposit 12 Months 50 K, RateCity Gold Awards 2024

Drawbacks

  • 31 days notice to withdraw funds before maturity and interest rate adjustment will apply to interest earned on funds

Bank Australia Rate Term Deposit overview

For Term Deposit

Features

Min deposit

$500

Automatic maturity rollover

Maturity alert by phone

Maturity alert by email

Joint application available

Minimum Age Requirement

13

Notice period to withdraw

31

Is covered by government guarantee

Target Market Determination

Visit Bank Australia Limited to view Target Market Determination.

Interest

Interest Calculation Frequency

Daily

Interest Payment Frequency Options

At Maturity

Interest payment via other institution

Interest payment method

-

Fees

Account keeping fee

$0

Early withdrawal fee

-

Rates

TermRates on deposit of ($500 - $1,000,000)
3 months4.70%
6 months5.00%
9 months4.80%
1 year4.85%
2 years4.50%
3 years4.40%

How to apply

If you'd like to apply for this term deposit or just get more information, follow the application process to speak to an Bank Australia mortgage specialist.