RateCity.com.au
  1. Home
  2. Term Deposits
  3. People's Choice
  4. Term Investment

Term Investment

  • 2 months
  • Automatic maturity rollover
  • Joint application available
  • Maturity alert by email

Interest rate

1.50%

Maximum rate

4.90%

for 6 months

Term Investment

  • 2 months
  • Automatic maturity rollover
  • Joint application available
  • Maturity alert by email

Interest rate

1.50%

Maximum rate

4.90%

for 6 months

Pros and Cons

For Term Investment

Benefits

  • Automatic maturity rollover
  • Maturity alert by email

Drawbacks

  • Early withdrawal available with $30 fees
  • Interest cannot be paid to other institution
  • 31 days notice to withdraw funds before maturity and interest rate adjustment will apply to interest earned on funds

People's Choice Rate Term Deposit overview

For Term Investment

Features

Min deposit

$5,000

Automatic maturity rollover

Maturity alert by phone

Maturity alert by email

Joint application available

Minimum Age Requirement

-

Notice period to withdraw

31

Is covered by government guarantee

Target Market Determination

Visit People's Choice 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

-

Fees

Account keeping fee

$0

Early withdrawal fee

$30

Rates

TermRates on deposit of ($5,000 - $999,999)
2 months1.50%
3 months3.95%
4 months3.60%
5 months3.60%
6 months4.90%
7 months3.95%
8 months3.95%
9 months4.80%
10 months4.15%
11 months4.15%
1 year4.75%
2 years4.20%
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 People's Choice mortgage specialist.