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Take out a 6 month term deposit of $10,000 or more and get our special rate for interest paid at maturity.

Fixed rate of
2.70%
Term
6 months

effective 30 June 2017

More rates and fees
Interest paid at maturity
Term (Month)$500 - $4,999$5,000 - $9,999$10,000 - $49,999$50,000 - $99,999$100,000 - $500,000
3 1.15% 2.20% 2.30% 2.30% 2.30%
4 1.15% 2.20% 2.30% 2.30% 2.30%
5 1.15% 2.20% 2.30% 2.30% 2.30%
6 1.55% 2.40% 2.70% 2.70% 2.70%
7 1.55% 2.40% 2.40% 2.40% 2.40%
8 1.55% 2.40% 2.40% 2.40% 2.40%
9 1.75% 2.40% 2.40% 2.40% 2.40%
10 1.75% 2.40% 2.40% 2.40% 2.40%
11 1.75% 2.40% 2.40% 2.40% 2.40%
12 - 18 1.85% 2.55% 2.55% 2.65% 2.65%
19 - 24 2.15% 2.75% 2.75% 2.75% 2.75%
36 2.35% 2.85% 2.85% 2.85% 2.85%
Interest rate expressed as annual percentage rates.
Fixed term deposits
Interest paid monthly
Term (Month)$500 - $4,999$5,000 - $24,999$25,000 - $49,999$50,000 - $99,999$100,000 - $500,000
3 1.05% 2.20% 2.20% 2.20% 2.20%
4 1.05% 2.20% 2.20% 2.20% 2.20%
5 1.05% 2.20% 2.20% 2.20% 2.20%
6 1.45% 2.30% 2.30% 2.30% 2.30%
7 1.45% 2.30% 2.30% 2.30% 2.30%
8 1.45% 2.30% 2.30% 2.30% 2.30%
9 1.65% 2.30% 2.30% 2.30% 2.30%
10 1.65% 2.30% 2.30% 2.30% 2.30%
11 1.65% 2.30% 2.30% 2.30% 2.30%
12 - 18 1.75% 2.45% 2.45% 2.55% 2.55%
19 - 24 2.05% 2.65% 2.65% 2.65% 2.65%
36 2.25% 2.75% 2.75% 2.75% 2.75%
Interest rate expressed as annual percentage rates.

Why choose the term deposit special?

  • High interest rate for fixed 6 month Term Deposit of $10,000+
  • Complete your application online
  • Be part of a bank that is 100% customer owned that puts its profits back into better rates and lower fees
  • Be a part owner of the Bank Australia Conservation Reserve which helps to protect endangered species

 

About Bank Australia

Bank Australia is the nation's first 100% customer owned bank.

Customers have been banking with us since 1957 and today nearly 130,000 people and community sector organisations choose to bank with us. We have a network of branches and are part of the rediATM network with over 3,000 ATMs nationwide.

Not being bound by the demands of investors means we act in the best long term interests of our customers. Put simply, as a customer and part owner of the bank, we’re answerable only to you. We respect your point of view, which is why our customers each have an equal say in how we go about our business.

And be reassured, we have to meet the same prudential standards that apply to all Australian banks, so you can be certain that banking with Bank Australia is safe and secure.

View our 2016 Corporate Report. 

The fine print

General advice warning

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. 

Any request for withdrawal of funds from the term deposit prior to its maturity will be subject to 31 days’ notice. If regular
access to funds is required, another account may be more suitable.

For Term Deposits with terms less than 2 years where interest is paid at maturity, approval of any request for either a full or part redemption of funds prior to the expiry of the agreed term is at the discretion of Bank Australia.

Bank Australia is committed to delivering memorable and superior service to all customers. We welcome your feedback, compliments and/or complaints about our performance.