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  4. Term Deposit

Term Deposit

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

Interest rate

3.60%

Maximum rate

4.80%

for 6 months

Term Deposit

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

Interest rate

3.60%

Maximum rate

4.80%

for 6 months

Pros and Cons

For Term Deposit

Benefits

  • Interest can be paid to other institution
  • Only 1 days notice to withdraw funds before maturity
  • Automatic maturity rollover
  • Maturity alert by email

Drawbacks

    BankVic Rate Term Deposit overview

    For 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

    1

    Is covered by government guarantee

    Target Market Determination

    Visit BankVic to view Target Market Determination.

    Interest

    Interest Calculation Frequency

    Daily

    Interest Payment Frequency Options

    At Maturity, Annually

    Interest payment via other institution

    Interest payment method

    -

    Fees

    Account keeping fee

    $0

    Early withdrawal fee

    -

    Rates

    TermRates on deposit of ($5,000 - $2,000,000)
    3 months3.60%
    4 months4.00%
    5 months3.70%
    6 months4.80%
    7 months3.70%
    8 months3.70%
    9 months3.70%
    10 months3.70%
    11 months3.70%
    1 year4.75%
    2 years4.50%
    3 years4.50%
    4 years4.50%
    5 years4.50%

    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 BankVic mortgage specialist.