24 May 2022 - Update on contact centre wait times: Recently our customers have been experiencing unusually (and unacceptably) long waiting times when calling our contact centre. We apologise for this inconvenience and are taking important steps to improve. 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.
Is this product right for you? Find out more
Want a different term? We’re happy to talk about tailoring term deposit timeframes. Please contact us to discuss your investment needs.
See how much you could earn with different terms, investment amounts and interest rates.
Here’s what to expect with our Term Deposit:
It pays to know. Read the Product Disclosure Document and see all rates and fees before deciding if this account is right for you.
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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.
At Bank Australia we respectfully acknowledge the Traditional Custodians of all the lands on which we work and pay our respects to the elders past present and emerging. Our head office is located on the land of the Wurundjeri people of the Kulin nation. We recognise their continued connection to the land, waters and culture and we acknowledge their sovereignty has never been ceded. We acknowledge the constant resistance and resilience of First Nations people in their fight for self-determination.
We support the Uluru Statement from the Heart to achieve justice, recognition and respect for First Nations people and a referendum to enshrine a First Nations Voice in the Constitution. We see reconciliation as a fundamental responsibility for Bank Australia and we are committed to advancing reconciliation with Australia’s First Peoples.
