1. Not all payment methods are available on all terms. See our Interest Rate schedule for more information.
2. Your total deposits in Bank Australia are protected up to a limit of $250,000. This protection is provided by the Commonwealth Government's Financial Claims Scheme. Deposits are subject to a limit. For more information on the Financial Claims Scheme, please visit the FCS website.
General advice warning: 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.
Term Deposits require a minimum opening deposit of $500. The interest rates that apply to Term Deposits are the interest rates that are current on the date the investment is credited to yoru 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.