- Home
- Term Deposits
- Defence Bank
- 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%
