Term Deposits
Some of our most popular rates
Compare Term Deposit rates
Term Deposits
Interest calculated daily1,2
$500 and over
90 days (I16)
4.90%
120 days (I7)
5.00%
180 days (I15)
5.20%
270 days (I1)
5.25%
1 year (I12)
5.40%
Regular Income Term Deposit
Interest calculated daily1,2
$5,000 and over
1 year (I3)
5.30%
Term Deposits
Interest calculated daily1,2
$500 and over
2 years (I24)
5.15%
3 years (I36)
5.15%
4 years (I48)
5.10%
5 years (I60)
5.10%
Term Deposits
Interest calculated daily1,2
$500 and over
30 days (I18) – product no longer available for new accounts
0.75%
60 days (I17) – product no longer available for new accounts
1.00%
Interest First Term Deposit
Interest calculated daily1,2
$500 and over
150 days (I55) – product no longer available for new accounts
2.95%
Make your money work harder
They allow you to invest your money for a fixed term at a competitive rate of return so you know exactly what interest you will earn on your investment.
Minimum deposit $500.
Flexible terms
You can choose from a range of terms to suit your needs.
Anything from 90 days to 5 years.
Deposit protection
Deposits are protected by the Australian Government's Financial Claims Scheme (FCS), which guarantees up to $250,000 per account.
Keep track of your investment
View, track and manage your Term Deposit alongside your other accounts via Internet Banking.
Fixed return on your investments
You have the security of locking in a fixed rate of return. Get started with a minimum deposit of $500.
No upfront fees
No monthly account or application fees.
Convenience
Open your Term Deposit via Internet Banking in 5 simple steps if you are an existing member.
It's easy to get started
Ready to apply?
Save time and apply online. It's quick and easy.
Existing Member?
Open your Term Deposit using Internet Banking in 5 simple steps.
Options at maturity
Explore Term Deposit maturity options and find instructions to manage your investment.
Maturity instructions
Let us know specific maturity instructions via our online form using Internet Banking.
Frequently asked questions
Term Deposits are an efficient way to grow your savings. They allow you to invest your money for a fixed term at a competitive rate of return so you know exactly what interest you will earn on your investment.
Term Deposits are a cash investment that are invested for a fixed amount of time. When you apply, you decide how long you want the money invested, anywhere from 90 days to 5 years. The interest rate you earn depends on the length of the fixed term you choose.
Login to Internet Banking
Select Accounts
Select Open Term Deposit
If you wish to open a joint Term Deposit, select 'Add a new Applicant' and they’ll be required to log into their Internet Banking, or to open a Term Deposit as an individual. Click next
Read and accept the General Terms and Conditions
Select the deposit amount
$500.00 - $19,999.00
$20,000.00 - $49,999.00
$50,000.00 - $99,999.00
$100,000.00 - $9,999,999.00
Select your term, 90 days to 5 years
Select the highlighted interest rate
Select the account to Transfer funds from an internal account
Enter your amount
Choose what you would like to do at the end of the term:
Choose what you would like to do with your interest:
Rollover term deposit
Transfer funds
Once you ensure all your details are correct, select confirm and the Term Deposit will be opened
Interest is calculated daily. The daily percentage rate is the Annual Percentage Rate divided by 365.
When your Term Deposit matures, the bank automatically renews the principal amount and the interest earned for the same term at the current interest rate. View the latest Term Deposit Interest Rates. Please note that after your Term Deposit automatically renews, an interest rate penalty reduction may apply to any early withdrawal. For more information, please see our Terms and Conditions.
If your Term Deposit is maturing soon and you don’t want it to automatically renew, it’s easy to provide us with your instructions. You don’t need to call us or visit a branch. Simply let us know your Term Deposit maturity instructions by completing the Term Deposit Maturity Instructions Form using Internet Banking. It only takes a few minutes. It’s that quick!
If you have a Term Deposit maturing soon which requires two authorised signatures, please download, complete and return the Two to Sign – Term Deposit Maturity Instructions Form.
Instructions will be accepted up to five business days after maturity.
A reduction in the interest paid will apply to the amount withdrawn. When the Term Deposit is invested for a term of up to two years we will require 31 days advance written notice. When the Term Deposit is invested for a term of more than two years the following will apply:
Where the investment period at the time of withdrawal has been 2 years or less we will require 31 days advance written notice; or
Where the investment period at the time of withdrawal has been more than 2 years we will require 7 days advance written notice.
For early withdrawals of a part or full amount of a Term Deposit the interest accrued or paid to that date will reduce as follows:
Percentage of Term Remaining
Interest Rate Reduction
0-19.99%
20%
20-39.99%
40%
40-59.99%
60%
60-79.99%
80%
80-100%
90%
We may recover the interest deduction by charging this to the balance of your Term Deposit or any other deposit account you hold with us.
For assistance, please contact us and one of our friendly Member Service Consultants can calculate the interest adjustment with you.It's quick and easy to provide us with your instructions. You don’t need to visit a branch or call us. Simply let us know your maturity instructions by completing an online form, paper form or through Internet Banking. Instructions to change your Term Deposit will be accepted up to five business days after maturity.
If you'd like to add or remove funds from your Term Deposit, change your term or redeem your deposit at maturity, please complete the short Term Deposit Maturity Instructions Form using Internet Banking.
Option 1: Internet Banking Term Deposit Maturity Instructions
Login to Internet Banking
Select Accounts
Select Term Deposit Maturity Instructions
Enter your Member Number, Term Deposit Number and Email address.
Select what you would like to do with the funds from Term deposit maturity options menu.
Complete the remaining details.
Option 2: Two to sign – Term Deposit Maturity Instruction Form.
If you have a Term Deposit maturing soon which requires two authorised signatures, please download, complete and return the Two to Sign – Term Deposit Maturity Instructions Form.
Additional deposits can be made to an existing Term Deposit within five business days before or after maturity.
Deposits received at any other time will be accepted as a separate deposit under the Terms and Conditions prevailing at the time.
Please contact us if you would like to invest additional funds.
Deposits are protected by the Australian Government’s Financial Claims Scheme (FCS), which guarantees up to $250,000 per account.
Interest Rates effective 14 May 2026.
Interest is calculated daily. Interest rates are per annum, current at the time of printing and are subject to change without notice.
Subject to our Terms and Conditions, a Term Deposit interest rate reduction applies on early withdrawals, with interest paid at the reduced rate from the date of deposit to the day prior to withdrawal. Where the withdrawal reduces the 'Fixed Term Deposit' balance to an amount that attracts a lesser rate, that lesser rate shall apply for the remainder of the term. Part withdrawals are not permitted on the Interest First Term Deposit product.
These rates are for retail customers only and limits may apply.