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- Bank of Sydney
- Term Deposits
Term Deposits
- 6 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
Interest rate
1.25%
Maximum rate
5.10%
for 6 months
Term Deposits
- 6 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
Interest rate
1.25%
Maximum rate
5.10%
for 6 months
RateCity says
"Earn interest on your savings with a term deposit that offers flexible investment terms, automatic rollover at maturity, and no account keeping fee."
Pros and Cons
For Term Deposits
Benefits
- Only 8 days notice to withdraw funds before maturity
- Automatic maturity rollover
- Maturity alert by email
Drawbacks
- Early withdrawal available with $30 fees
- Interest cannot be paid to other institution
Bank of Sydney Rate Term Deposit overview
For Term Deposits
Features
Min deposit
$1,000
Automatic maturity rollover
Maturity alert by phone
Maturity alert by email
Joint application available
Minimum age requirement
Notice period to withdraw
8
Is covered by government guarantee
Target Market Determination
Interest
Interest calculation frequency
Daily
Interest payment frequency options
At Maturity
Interest payment via other institution
Interest payment method
Direct Credit, Rollover on maturity
Fees
Account keeping fee
$0
Early withdrawal fee
$30