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Term Deposit

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Calculate term deposit interest for Greater Bank

Deposit amount

Savings term

months

Pros and Cons

Pros:
  • Covered By government guarantee
Cons:
  • Interest cannot be paid to other institution

Greater Bank term deposit rates

Savings Term
$1,000 - $4,999
$5,000 - $49,999
$50,000 - $99,999,999
1 month 0.60%1.00%1.00%
2 months 0.60%1.00%1.00%
3 months 0.60%2.15%2.15%
4 months 1.60%1.80%1.80%
5 months 1.60%1.80%1.80%
6 months 1.60%1.90%1.90%
7 months 1.60%1.70%1.70%
8 months 1.60%1.70%1.70%
9 months 1.60%1.70%1.70%
10 months 1.60%1.70%1.70%
11 months 1.60%1.70%1.70%
1 year 1.80%1.90%1.90%
2 years 1.95%2.05%2.05%
3 years 2.00%2.10%2.10%
4 years 2.05%2.15%2.15%
5 years 2.10%2.20%2.20%

Features

Fees

FAQs

Term deposits can be a great way to build your savings, but before you invest, you might have one important question. Are term deposits safe?

When it comes to investing your money, you can choose between high-risk and low-risk options. High-risk options tend to have a better potential payout, but you also risk earning no profit at all or even losing your original investment.

Low-risk options tend to earn less profit than high-risk options, but they’re also safer, with little to no risk of losing money. Term deposits fall into the low-risk category.

Term deposits are safe because they’re low-risk, but they’re also protected by the Australian government’s Financial Claims Scheme. This government guarantee will insure your deposit for up to $250,000 per person, per institution, meaning that even if the bank collapses, the government will reimburse you for your deposit.

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