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Planned Outage: Sunday 19 September, 2.30am to 8.30am AEST. This outage will affect internet banking, the app, telephone banking, loan applications and new customers wanting to sign up. Call us on 132 888 for any questions, we're here 'til 8pm AEST Friday or between 9am and 2pm AEST Saturday. View details

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How do I apply for a term deposit?

If you are a new Bank Australia customer, you can apply online for selected terms (3, 6, 12 and 36 months). All you need is your driver's licence or passport, and a Medicare card. Existing customers can open a term deposit account via internet banking.

Please note that 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. 

You can apply for all other term deposits (as well as 3, 6 and 12 month deposits) over the phone on 132 888 or in branch. Find your local branch here.