Term Deposit
Term Deposit ($250k+)
Highly competitive rates for new to bank funds & a $0 Setup and account-keeping fees.
PromotedCiti terms and conditions
Max rate
1.55%
p.a for 3 months
Min. deposit
$5,000
Interest rate
1.40%
p.a for 3 months
Balance Amount
$0
Pros and Cons
Pros
- Covered by government guarantee
- Interest can be paid to other institution
Sydney Mutual Bank term deposits rates
| Savings Term | $5,000 - $100,000 | $100,000 - $250,000 | $250,000 - $99,999,999 |
|---|---|---|---|
| 3 months | 1.40% | 1.50% | 1.55% |
| 4 months | 1.40% | 1.50% | 1.55% |
| 5 months | 1.35% | 1.45% | 1.50% |
| 6 months | 1.35% | 1.45% | 1.50% |
| 7 months | 1.35% | 1.45% | 1.50% |
| 8 months | 1.35% | 1.45% | 1.50% |
| 9 months | 1.35% | 1.45% | 1.50% |
| 10 months | 1.35% | 1.45% | 1.50% |
| 11 months | 1.35% | 1.45% | 1.50% |
| 1 year | 1.35% | 1.45% | 1.50% |
| 2 years | 1.25% | 1.35% | 1.40% |
| 3 years | 1.25% | 1.35% | 1.40% |
Features
Min. deposit $5,000 | Maturity alert by email |
Maturity alert by phone | Interest payment method |
Interest payment via other institution | Account keeping fee frequency |
Is covered by government guarantee | Notice period to withdraw |
Joint application available | Covered by government guarantee restriction |
Automatic maturity rollover |
Fees
Early withdrawal fee $0 | Account keeping fee $0 |
Compare and review term deposits with similar features
Sydney Mutual Bank, formerly known as Sydney Credit Union, first began in 1963 to provide financial well-being for the employees of the City of Sydney Council employees. Over the decades it quickly expanded to offer services to 12 other councils, then in later years merged with several other credit unions, as well as Endeavour Mutual Bank.
Today, Sydney Mutual Bank provides a wide range of financial services, including everyday savings accounts, personal loans, credit cards, home loans and internet banking facilities.
