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  2. Term Deposits
  3. Regional Australia Bank
  4. Term Savings

Term Savings

  • 3 months
  • Automatic maturity rollover
  • Interest payment to other institution

Interest rate

1.50%

Maximum rate

5.00%

for 12 months

Term Savings

  • 3 months
  • Automatic maturity rollover
  • Interest payment to other institution

Interest rate

1.50%

Maximum rate

5.00%

for 12 months

Pros and Cons

For Term Savings

Benefits

  • Interest can be paid to other institution
  • Only 7 days notice to withdraw funds before maturity
  • Automatic maturity rollover

Drawbacks

    Regional Australia Bank Rate Term Deposit overview

    For Term Savings

    Features

    Min deposit

    $1,000

    Automatic maturity rollover

    Maturity alert by phone

    Maturity alert by email

    Joint application available

    Minimum age requirement

    Notice period to withdraw

    7

    Is covered by government guarantee

    Target Market Determination
    Visit Regional Australia Bank to view Target Market Determination.

    Interest

    Interest calculation frequency

    Daily

    Interest payment frequency options

    At Maturity

    Interest payment via other institution

    Interest payment method

    -

    Fees

    Account keeping fee

    $0

    Early withdrawal fee

    Rates

    TermRates on deposit of ($1,000 - $500,000)
    1 month1.50%
    2 months1.75%
    3 months3.60%
    4 months4.50%
    6 months4.60%
    9 months4.65%
    1 year5.00%
    2 years4.00%
    3 years3.90%
    4 years3.90%
    5 years3.80%