RateCity.com.au
  1. Home
  2. Term Deposits
  3. BNK
  4. 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.

    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

    Fees

    Account keeping fee

    $0

    Early withdrawal fee

    -

    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%

    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 BNK mortgage specialist.