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- Term Deposits
- BNK
- Personal Term Deposit
Personal Term Deposit
- 2024 Award Winner
- 1 month
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
Interest rate
3.75%
Maximum rate
4.95%
for 12 months
Personal Term Deposit
- 2024 Award Winner
- 1 month
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
Interest rate
3.75%
Maximum rate
4.95%
for 12 months
RateCity says
"A RateCity Gold Award-winning term deposit offering a competitive rate of return on your nest egg."
Pros and Cons
For Personal Term Deposit
Benefits
- No account keeping fees
- Interest can be paid to other institution
- Automatic maturity rollover
- Maturity alert by email
- Winner of Best Term Deposit 6 Month 50 K, Best Term Deposit 12 Months 50 K, RateCity Gold Awards 2024
Drawbacks
BNK Rate Term Deposit overview
For Personal 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
0
Is covered by government guarantee
Target Market Determination
Visit BNK to view Target Market Determination.
Features
Interest
Interest Calculation Frequency
Daily
Interest Payment Frequency Options
Annually, At Maturity
Interest payment via other institution
Interest payment method
Direct Credit, Rollover on maturity
Interest
Fees
Account keeping fee
$0
Early withdrawal fee
-
Fees
Rates
TermRates on deposit of ($5,000 - $99,999,999)
1 month3.75%
2 months4.00%
3 months4.50%
4 months4.70%
5 months4.70%
6 months4.90%
9 months4.90%
1 year4.95%
2 years4.75%
3 years4.00%
4 years4.00%
5 years4.00%
Rates