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- Term Deposit
Term Deposit
- 2024 Award Winner
- 3 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
Interest rate
4.70%
Maximum rate
5.00%
for 6 months
Term Deposit
- 2024 Award Winner
- 3 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
Interest rate
4.70%
Maximum rate
5.00%
for 6 months
Pros and Cons
For Term Deposit
Benefits
- Interest can be paid to other institution
- Automatic maturity rollover
- Maturity alert by email
- Winner of Best Term Deposit 3 Month 50 K, Best Term Deposit 12 Months 50 K, RateCity Gold Awards 2024
Drawbacks
- 31 days notice to withdraw funds before maturity and interest rate adjustment will apply to interest earned on funds
Bank Australia Rate Term Deposit overview
For Term Deposit
Features
Min deposit
$500
Automatic maturity rollover
Maturity alert by phone
Maturity alert by email
Joint application available
Minimum age requirement
13
Notice period to withdraw
31
Is covered by government guarantee
Target Market Determination
Visit Bank Australia Limited 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 ($500 - $1,000,000)
3 months4.70%
6 months5.00%
9 months4.80%
1 year4.85%
2 years4.50%
3 years4.40%
Promoted term deposit products
Personal Term Deposit (At Maturity)
Real Time Rating™
- 2024 Award Winner
- 6 months
- Automatic maturity rollover
- Joint application available
Interest rate
5.10%
for 6 months
Min deposit
$1,000
Maximum rate
5.10%
for 6 months
Term Deposit
Real Time Rating™
- 1 month
- Automatic maturity rollover
- Joint application available
Interest rate
2.00%
for 1 month
Min deposit
$1,000
Maximum rate
4.90%
for 60 months
Term Deposits
Real Time Rating™
- 3 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
Interest rate
4.75%
for 3 months
Min deposit
$1,000
Maximum rate
4.80%
for 12 months
Term Deposit
Real Time Rating™
- 1 month
- Automatic maturity rollover
- Joint application available
- Interest payment to other institution
Interest rate
0.50%
for 1 month
Min deposit
$5,000
Maximum rate
5.00%
for 7 months
Product data updated on 30 Apr 2024