Term Deposit
Term Deposit
specialWhen your term deposit matures, roll over your full deposit amount (or more) for another term and receive a Loyalty Bonus of 0.10% p.a. on top of the current standard interest rate
Max rate
1.55%
p.a for 3 months
Min. deposit
$5,000
Interest rate
1.40%
p.a for 3 months
Balance Amount
$5k
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 |