TERM DEPOSITS RATES AND FEES

Term Deposit holding facility

The rates in this table are applicable to funds in the Term Deposit holding facility. When your funds are in the holding facility, they’re renewed at a fixed interest rate every seven days until we receive your instructions for withdrawal, additional deposit or reinvestment for an agreed fixed term of one month or longer.

You can give us instructions at any time, once you decide what you want to do.

If after 6 months you have not given us any alternate instructions we will renew your funds to a 1 month fixed term at the then applicable advertised rate. Your funds will then continue to renew at that term and at the rate applicable at renewal, until you give us further instructions.

If you reinvest on a day that isn’t an interest payment date, the new term will commence from the last interest payment date. No interest is paid on funds in the holding facility for the current seven day interest period if funds are withdrawn before the next interest payment date.

Balance

Interest rate

Less than $10,000

1.10%p.a.

$10,000 to $99,999

1.10% p.a.

$100,000 to $1,999,999

1.10% p.a.

Latest rates as of 2 August 2018. Interest rates on offer may vary at any time without notice.

Easy to track your investment

Fixed rate

Fixed rate

The fixed rate of return means you’ll always know what your investment’s worth and can plan how to use your earnings.

Manage online

Manage online

See, keep track of and manage your Term Deposit, alongside your other accounts, in NetBank.

Opt-in for free alerts

Opt-in for free alerts

Opt in and we’ll send you an email, SMS or a notification in NetBank before your Term Deposit matures. So you can let us know if you want to roll it over, withdraw it or arrange a combination of the two.