Secure your savings

Some things are worth waiting for. Maximising your money with a Term Deposit that offers flexible term options and a high interest rate is one of them. Whether you’re saving for a big-ticket item or just want a secure rate of return for the investment term you select, we have options to suit your life and savings style.

Get started with as little as $1,000 and select a flexible term deposit option ranging from 21 days up to 5 years. For added peace of mind, all deposits up to $250,000 per customer are guaranteed under the Australian Government’s Financial Claims Scheme*.

Lock in a high interest rate and enjoy the certainty of watching your investment grow over time with:

Online account opening in 5 minutes
As little as $1,000
No annual or monthly account keeping fees
Flexible term options to choose from
Interest paid periodically or at maturity
Access to view your account 24/7 using our app or internet banking.

Start saving View rates

Term Deposit perks

Flexible terms From 21 days up to 5 years with as little as $1,000.
Interest options Choose to have your interest paid periodically or at maturity.
Zero fees No annual or monthly account keeping fees.
Peace of mind Backed by the Government’s Financial Claims Scheme*.

Get the most out of your account with Your term deposit account guide.

Eligible customers enjoy dedicated and personalised service from the Premium Banking team.

Call 02 4927 4559

Award winning

Features and interest rates

Minimum deposit amount	$1,000
Flexible terms	21 days - 5 years
Interest payments frequency	Monthly, quarterly, half-yearly, annually or at maturity
Australian Government Guarantee	Up to $250,000*
Online or branch deposits	Deposits can be made within 4 days of account opening (inclusive of the account opening day), or within 7 days before or after maturity date.
Online or branch withdrawals	On the maturity date or within the 7 days thereafter
Internet banking & estatements	Yes
Premium Banking Relationship service	Dedicated and personalised service from the Premium Banking team for customers with Term Deposits of $250,000 in total or a Term Deposit of any value with total deposit holdings over $750,000.

Days	Interest rate
21 - 45 days	1.00%p.a.
46 - 75 days	1.00%p.a.
76 - 105 days	4.00%p.a.
106 - 135 days	3.00%p.a.
136 - 165 days	3.00%p.a.
166 - 195 days	4.10%p.a.
196 - 225 days	3.60%p.a.
226 - 255 days	3.60%p.a.
256 - 285 days	3.60%p.a.
286 - 315 days	3.60%p.a.
316 - 345 days	3.60%p.a.
346 - 385 days	5.10%p.a.

Monthly	Interest rate
76 - 105 days	3.90%p.a.
106 - 135 days	2.90%p.a.
136 - 165 days	2.90%p.a.
166 - 195 days	4.00%p.a.
196 - 225 days	3.50%p.a.
226 - 255 days	3.50%p.a.
256 - 285 days	3.50%p.a.
286 - 315 days	3.50%p.a.
316 - 345 days	3.50%p.a.
346 - 385 days	5.00%p.a.
2 years	4.65%p.a.
3 years	3.90%p.a.
4 years	3.90%p.a.
5 years	3.90%p.a.

Quarterly	Interest rate
1 year	5.00%p.a.
2 years	4.65%p.a.
3 years	3.90%p.a.
4 years	3.90%p.a.
5 years	3.90%p.a.

Half Yearly	Interest rate
1 year	5.00%p.a.
2 years	4.65%p.a.
3 years	3.90%p.a.
4 years	3.90%p.a.
5 years	3.90%p.a.

Annually	Interest rate
2 years	4.75%p.a.
3 years	4.00%p.a.
4 years	4.00%p.a.
5 years	4.00%p.a.

Account Keeping Fee	Nil
Automatic Transfer Fee	Nil
Branch Deposit Fee	Nil

Product Schedule | Terms & Conditions | View all Interest Rates

Download now FAQs

FAQs

To see all FAQs visit our help & support page.

Log on the the app and select ‘Profile’ from the bottom menu to find your 8 digit Customer ID. Otherwise select ‘Forgot Customer ID’ from internet banking and follow the prompts.

You'll need your customer ID and a few other personal details.

App:

Download the app via the App Store or Play Store and follow the prompts.

Internet banking:

Register via the Log on tab on our website and follow the prompts.

The Financial Claims Scheme (FCS) is an Australian Government scheme that provides protection and quick access to deposits in banks, building societies and credit unions in the unlikely event that one of these financial institutions fails.

Under the FCS, certain deposits are protected up to a limit of $250,000 for each account holder at any bank, building society, credit union or other authorised deposit-taking institution (ADI) that is incorporated in Australia and authorised by the Australian Prudential Regulation Authority (APRA).

The FCS can only come into effect if it is activated by the Australian Government when an institution fails. Once activated the FCS will be administered by the Australian Prudential Regulation Authority (APRA).

In an FCS scenario, APRA would aim to pay the majority of customers their protected deposits under the Scheme within seven calendar days.

The FCS limit of $250,000 applies to the sum of an account holder’s deposits under any single banking licence, and this includes accounts with any other banking businesses that the licensed banking institution may operate under a different trading name or brand.

On 1 March 2023, Newcastle Permanent and Greater Bank came together to create Newcastle Greater Mutual Group Ltd (NGM Group), one of Australia’s leading customer-owned financial institutions. Both brands continue to operate in the marketplace, as part of a single banking institution, operating under the NGM Group banking licence.

This means, if a customer has deposits with both Greater Bank and Newcastle Permanent which total more than $250,000, a single government guarantee will apply and so the customer’s total deposit guarantee will be $250,000.

Information on the FCS is available on the FCS website – www.fcs.gov.au ^»

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Interest rates effective as of 05/12/2023 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.

^♦Award is based on information collected from the DBM Atlas research program – feedback from over 80,000 business owners or retail customers January 2022 through December 2022. Award results are based on experiences and perceptions of customers surveyed in this period. For DBM Atlas and DBM Australian Financial Awards information, visit dbmconsultants.com.au.

Save your way with flexible term options