Savings and term deposit interest rates
If you are deciding on opening a new savings or term deposit account, you need to know the current interest rates.
Looking for a dependable yield from your income or hard earned savings?
Then our fixed term deposit could be an option to consider.
Key features include:
- Consistently competitive ongoing term deposit interest rates on new funds and rollovers
- No establishment or account keeping fees
- Flexibility to re-invest, add extra money or withdraw at the end of the term
- 24/7 service with our Client Service Centre
- Flexible terms ranging from 30 days to 5 years
- Manage your own term deposit prior to maturity via online banking
Manage your term deposit via online banking
You can manage your term deposits with self-service options now available via online banking. This means more flexibility in the way you choose the terms of your savings with options available between 3 months and 1 year. Interest rate for the renewed term will be the rate available on the day of maturity. Login to online banking to see what options are available to you.
Early withdrawals
You will need to give us 31 days’ notice to withdraw funds from your term deposit account before the maturity date.^
Latest interest rates
*rates subject to change
| Term deposits | Daily closing balance | Days at this balance |
|---|---|---|
90 day term deposit |
0.35% p.a. fixed | Interest paid at maturity |
| 120 day term deposit |
0.25% p.a. fixed | Interest paid at maturity |
| 180 day term deposit |
0.35% p.a. fixed |
Interest paid at maturity |
| 270 day term deposit |
0.35% p.a. fixed |
Interest paid at maturity |
| 1 year term deposit |
0.50% p.a. fixed |
Interest paid at maturity |
| 2 year term deposit |
0.85% p.a. fixed |
Interest paid annually |
| 3 year term deposit |
1.00% p.a. fixed |
Interest paid annually |
| 4 year term deposit |
1.00% p.a. fixed |
Interest paid annually |
| 5 year term deposit |
1.00% p.a. fixed |
Interest paid annually |
Government Deposit Guarantee
Bank with peace of mind. Under the Financial Claims Scheme (FCS), certain deposits are protected up to a limit of $250 000 for each account holder at any bank, building society, credit union or other authorised deposit-taking institution (ADI) .
