Term Deposit
A Term Deposit is an investment account where the interest rate is guaranteed not to change for the whole of the nominated term. It gives you the security of knowing that your interest income is protected against changes in market conditions.
Category: Term Deposits Last Updated March 3, 2025 Effective April 14, 2025
Product Features
- Digital Banking
- Notifications
Product Eligibility
- Residency Status - Australian Resident.
- Min Age - 13.
Bank Fees and Charges
- Early Redemption (Variable), Amount: Not Listed.. Additional Information: If you withdraw your Term Deposit before the maturity date, an Early Redemption fee (i.e. Early redemption interest adjustment) will apply based on the proportion of the term completed. An early redemption notice period also applies.
Limitations & Restrictions (Constraints)
- Max Balance of 1000000.00
- Min Balance of 1000.00
- Opening Balance of 1000.00
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