Term Deposits

Our term deposits offer you a smarter, safer investment for your money.

We offer a Government Guarantee, and a host of features and benefits which include:

• Term deposits are lodgements of fixed amounts of money, which are allocated a fixed rate of interest for a fixed period of time
• Term deposits can be deposited for any term between 3 months and 5 years 
• Various interest payment frequencies available - monthly, at maturity or annually
• A high rate of return which means your investment grows
• No monthly account keeping fees 
• Investments start from as little as $500 
• TEXT ME! (SMS Banking)

What is the Government deposit guarantee?

On 12 October 2008 the Prime Minister announced a temporary new scheme to guarantee all deposits held in credits unions, building societies and banks in Australia. The new scheme ensures that depositors with Australian credit unions, banks, and building societies will be guaranteed repayment of their funds in the extremely unlikely event that any banking institution faces stress. The guarantee is free but capped at $1 million per depositor. The scheme was a response to the global economic conditions currently being experienced in global financial markets, and is an extra confidence measure for the already strong Australian banking system.

On 10 September 2011 the Treasurer announced that the Government deposit guarantee would be made permanent but at a reduced cap of $250,000. The lower cap applies as follows:-

• to existing term deposits at 10 September 2011, from the earlier of their maturity date (if after 1 February 2012) and 31 December 2012;
• to all new and reinvested term deposits between 10 September 2011 and 1 February 2012, from 1 February 2012, and
• to all new and reinvested term deposits after 1 February 2012, from the deposit's start date.

You can open a Term Deposit Account through Internet Banking, or call or visit our staff who can help you start saving today.

Important Information

Full terms, conditions, fees and charges are available in our Product Guide and Fees and Charges booklets. These booklets are available upon request, can be downloaded from our website, and will be provided at the time of acquiring the product. Before acquiring the product you should consider if this product is appropriate for you.