Want a different term? We’re happy to talk about tailoring term deposit timeframes. Please contact us to discuss your investment needs.
Alert: Planned maintenance - Internet Banking: Sunday 14th August, 12:30am-2:30am AEST. We will be conducting important maintenance across our internet banking platform. During this time our internet banking platform will be offline. We apologise for any inconvenience. Card transactions and ATM withdrawals will be unaffected during the maintenance window. Call us on 132 888 for any questions, we're here 'til 8pm AEST or between 9am and 2pm AEDT tomorrow.
Interest rate announcement - 12 August 2022. Bank Australia will increase variable home loan and commercial variable rates in response the RBA’s recent decision to raise the official cash rate. From 18 August 2022, interest rates will increase by 0.50% for variable rate owner-occupier and investor loans, while commercial variable rate loans will also increase by 0.50%. For existing home loan customers, repayment changes will be effective from 1 October 2022. Read more here.
The no fee term deposit making a positive difference to more than just your bank balance.
What if every dollar in your bank account helped other people and the planet? When you bank with us, it does.
Choose whether your interest is paid monthly or at maturity. And choose the timeframe that suits you.
With no fees and the security of the Australian Government Guarantee, just sit back and watch your investment grow. And grow some more.
See how much you could earn with different terms, investment amounts and interest rates.
Explore the pros and cons of term deposits vs savings before choosing where to stash your cash.
Information provided is of a general nature only. In providing you with this information you should consider the appropriateness of this advice with regards to your particular financial situation and needs. You should consult the Product Disclosure Documents before making a decision to apply for products with Bank Australia.
Terms, conditions, fees and charges may be applicable.
The interest rates shown are for an amount of $500 to $1,000,000. To obtain an interest rate for an amount of $1,000,000 or more, please call 132 888 between 8am 8pm (AEST) Monday to Friday, 9:00am to 2:00pm Saturday or visit your nearest Bank Australia branch.
The interest rates that apply to Term Deposits are the interest rates that are current on the date the investment is credited to your term deposit account, not the day the account is opened.
Interest is calculated daily on whole balances and paid at maturity or at the frequency selected.
Any request for early release of funds from the term deposit will be subject to 31 days' notice.
If regular access to funds is required, another account may be more suitable.