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Invest your savings

A Term Deposit is a secure way to boost your savings. Simply open an account, select your term and enjoy the rewards of a certain rate of interest.

With flexible terms from 21 days up to 5 years, no annual or monthly fees and the ability to choose an interest option that suits you, get started from as little as $1,000.

For added peace of mind for your investment, all term deposits are covered by the Australian Government Guarantee for deposits up to $250,000.*

  • graph icon Competitive rates Boost your savings with a competitive rate.
  • calendar icon Flexible terms From 21 days up to 5 years.
  • thumbs up icon Zero fees No annual or monthly account keeping fees.
  • security icon Secure Lock in an interest rate for a term that suits you.
  • percent icon Interest options Choose from interest paid periodically or at maturity.
  • hand withdrawing money icon Guaranteed Backed by the Australian Government Guarantee.*

Support is available to small business customers experiencing financial hardship.

Features and interest rates

Interest rates effective as of 23/07/2024 and are subject to change without prior notice.
*Deposits up to $250,000 per customer are guaranteed under the Australian Government's Financial Claims Scheme.
Interest rate where Term Deposit funds are withdrawn prior to the maturity date is 0.01% p.a. Term Deposit rates are fixed and apply to the whole balance of the account. For further information regarding interest and the products generally, please view the applicable Terms and Conditions. 
1 and 2 month terms only available for interest paid at maturity.
You should consider the Terms and Conditions in deciding whether to acquire, or to continue to hold these products. Fees and charges may apply.