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  4. Term Deposit

Term Deposit

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

Interest rate

4.25%

Maximum rate

4.80%

for 12 months

Term Deposit

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

Interest rate

4.25%

Maximum rate

4.80%

for 12 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

  • Early withdrawal available with $30 fees

Defence Bank Rate Term Deposit overview

For Term Deposit

Features

Min deposit

$1,000

Automatic maturity rollover

Maturity alert by phone

Maturity alert by email

Joint application available

Minimum Age Requirement

-

Notice period to withdraw

1

Is covered by government guarantee

Target Market Determination

Visit Defence Bank 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

$30

Rates

TermRates on deposit of ($1,000 - $1,000,000)
3 months4.25%
6 months4.45%
9 months4.50%
1 year4.80%
2 years4.80%

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 Defence Bank mortgage specialist.