Important disclosure
Term Deposit
Winner of Best Term Deposit 12 Months 50k, Best Term Deposit 6 Month 50k, RateCity Gold Awards 2023
Max rate
5.25%
p.a
for 12 months
Min. deposit
$1,000
5.25%
p.a
for 12 months
$1,000
Pros and cons
For Term Deposit
Benefits
- Interest can be paid to other institution
- Automatic maturity rollover
- Winner of 2023 RateCity Awards
Drawbacks
- Early withdrawal available with $25 fees
- 31 days notice to withdraw funds before maturity and interest rate adjustment will apply to interest earned on funds
Gateway 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 18 |
Notice period to withdraw 31 | Is covered by government guarantee |
Target Market Determination Visit Gateway Bank Ltd to view Target Market Determination. |
Interest
Interest Calculation Frequency Daily | |
Interest payment via other institution | Interest payment method |
Fees
Account keeping fee $0 | Early withdrawal fee $25 |
Rates
Gateway Bank Ltd term deposits rates
|
Promoted term deposits
Promoted
Personal Term Deposit (At Maturity)
special
Receive a loyalty bonus5.05%
p.a
for 6 months
$1,000
5.35%
p.a
for 12 months
Promoted
Money Making Term Deposit
0.90%
p.a
for 1 month
$5,000
3.85%
p.a
for 24 months