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Take out a 6 month term deposit of $5,000 or more and get our special rate for interest paid at maturity.

Fixed rate of
2.80%
Term
6 months

effective 24 July 2018

More rates and fees
Fixed term deposit special
Interest rate expressed as annual percentage rates.
Interest paid at maturity
Term (Month)$500 - $4,999$5,000 - $24,999$25,000 - $49,999$50,000 - $99,999$100,000 & over
6 N/A 2.80% 2.80% 2.80% 2.80%
Fixed term deposits
Interest paid at maturity
Term (Month)$500 - $4,999$5,000 - $24,999$25,000 - $49,999$50,000 - $99,999$100,000 & over
3 1.15% 2.20% 2.20% 2.20% 2.20%
4 1.15% 2.20% 2.20% 2.20% 2.20%
5 1.15% 2.20% 2.20% 2.20% 2.20%
6 1.55% 2.60% 2.60% 2.60% 2.60%
7 1.55% 2.30% 2.30% 2.30% 2.30%
8 1.55% 2.30% 2.30% 2.30% 2.30%
9 1.75% 2.30% 2.30% 2.30% 2.30%
10 1.75% 2.30% 2.30% 2.30% 2.30%
11 1.75% 2.30% 2.30% 2.30% 2.30%
12 - 18 1.85% 2.85% 2.85% 2.85% 2.85%
19 - 24 2.15% 2.95% 2.95% 2.95% 2.95%
36 2.35% 3.00% 3.00% 3.00% 3.00%
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 & over
3 1.05% 2.10% 2.10% 2.10% 2.10%
4 1.05% 2.10% 2.10% 2.10% 2.10%
5 1.05% 2.10% 2.10% 2.10% 2.10%
6 1.45% 2.20% 2.20% 2.20% 2.20%
7 1.45% 2.20% 2.20% 2.20% 2.20%
8 1.45% 2.20% 2.20% 2.20% 2.20%
9 1.65% 2.20% 2.20% 2.20% 2.20%
10 1.65% 2.20% 2.20% 2.20% 2.20%
11 1.65% 2.20% 2.20% 2.20% 2.20%
12 - 18 1.75% 2.75% 2.75% 2.75% 2.75%
19 - 24 2.05% 2.85% 2.85% 2.85% 2.85%
36 2.25% 2.90% 2.90% 2.90% 2.90%
Interest rate expressed as annual percentage rates.

Why choose the term deposit special?

  • High interest rate for fixed 6 month Term Deposit of $5,000+
  • 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

 

Managing my money
30 Jul 2018

Managing my money
1 Aug 2018

Prosperity
20 Jul 2018

Why switch to Bank Australia?

We're 100% customer owned

As a customer owned bank, we return profits to customers in the form of better rates and fees while also retaining some funds to invest in the ongoing development of the bank.

We have not made and will not make any loans to the fossil fuel industry

We're working to create a healthier planet by refusing to put money into the fossil fuel industry. It's an important part of what makes us a responsible bank, and why we're recommended by fossil fuel divestment advocate Market Forces as a green banking alternative.

We have been a carbon neutral bank since 2011 and consider the environmental impacts of our products including offsetting the carbon emissions associated with every customer car loan.

Become a joint-owner in our conservation reserve

Each Bank Australia customer is part-owner of a 927 hectare Conservation Reserve. The reserve is a group of three properties on biodiverse Australian bushland which is protected from development forever. 

The bank purchased the first of our three properties in 2008, as a way of acting on customer concerns about climate change and environmental sustainability. We have spent the last nine years working to restore the properties and to learn more about the unique ecology so that we can find ways to best protect the reserve’s unique habitat and the 227 native plant and 270 native animal species that call the reserve home.

Working with our partners Greening Australia and Trust for Nature we want to see the reserve become a thriving example of science-based conservation in action.

Responsible lending and investments

As a customer owned bank, we use our customers’ deposits to make loans to other customers. This simple approach to banking is the cornerstone of cooperative banks around the world. The bank also invests its capital and liquid funds on behalf of customers who own the bank.

While generating a return is important, we also believe money should also be put to good use, creating positive social, environmental and cultural outcomes. Our Responsible Investment and Lending Policy guides how we put customers' money to use.

Our five responsible investment and lending principles:

  • Strive to ensure our customers’ funds are invested in loans that provide benefits to people, society or the environment;
  • Only lend to persons or organisations if it can be determined that they have the capacity to repay the loan;
  • Market all loan products in a responsible manner;
  • Offer support to customers facing financial hardship;
  • Assist customers to enhance their financial literacy.
4% of our after tax profit goes towards customer nominated causes

The Bank Australia Impact Fund makes investments on behalf of our customers that contribute to the mutual prosperity of people, our communities and the planet.

Each year Bank Australia invests up to 4% of after tax profits towards initiatives which create measurable environmental, social and economic outcomes in ways which are consistent with the values and expectations of our customers.

Bank with us however you want

We have a network of branches, free access to 3000+ ATMs, smartphone apps and access to Apple Pay, Android Pay, and Samsung Pay.

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.