12 months regular income

A 'fixed' term investment with interest paid to you as a regular income.


You can enjoy the following benefits:

  • competitive interest rates1 paid regularly to you or to an account you nominate
  • interest can compound annually or be paid fortnightly, monthly, quarterly or annually
  • funds are capital guaranteed up to $250,000
    • Financial Claims Scheme - you may be entitled to payment under the government’s financial claims scheme. Payments under the scheme are subject to a limit for each depositor (currently $250,000). You can obtain information about the scheme from the Australian Prudential Regulation Authority (APRA) website and the APRA hotline on 1300 13 10 60.
  • no management or account keeping fees


To be eligible, you must:

  • choose a 12 months fixed term
  • make a minimum initial deposit of $5,000
  • make subsequent minimum deposits of $2,000.


Features of our 12 Months Regular Income include:

  • interest calculated daily and paid to you on a regular basis.
  • Fixed interest rate for the 12 months term

Rates & fees


 $5,000 - 24,999.99$25,000 - 49,999.99$50,000 plus
12 months regular income1.20%1.20%1.20%

Interest rates on amounts over $100,000 are subject to negotiation. 12 months regular income minimum balance $5,000 minimum transaction $2,000.
Rates are effective 6 March 2020 and subject to change at any time. Interest is calculated daily and credited regularly to your nominated BankVic transaction account.

Fees & Charges

Refer to Fees & Charges (PDF) for information on current fees & charges.

Apply now

3 easy ways to apply

Before you apply...

Remember to read the Terms and Conditions, Fees and Charges (PDF) and the Financial Services Guide (PDF) which tells you about us and the services we offer.

More info

Important advice on early withdrawals

The withdrawal of funds prior to the maturity period requires the prior agreement of the bank and your investment may be subject to a reduction in the interest rate.

Important advice on maturity notices

As a term deposit account holder, you will be sent maturity notices at least one week prior to the maturity date, along with our current interest rates. If your maturity instructions are not received prior to maturity date, your deposit will be renewed in a new fixed term deposit for the same or similar term and interest will be paid in accordance with previous instructions.

Important advice on early redemptions

Deposits cannot generally be withdrawn prior to maturity. However, we may (at our discretion) agree to a request for the full or partial redemption of a deposit prior to the expiry of its full term. If an early redemption is required, your request must be made in writing to us - advising the amount that is needed, the reason and the withdrawal details. If the account is held in joint names, all parties are to sign the request, regardless of the method of operating the account. Please note that we may (at our discretion) apply an interest rate reduction.

Term certificates

Confirmation of your deposit will be sent to you in the form of a Term Certificate. Certificates are issued following initial lodgement and after each renewal.

1 Interest is calculated daily and paid fortnightly, monthly, quarterly or annually to your nominated transaction account. Interest rates on amounts over $100,000 are subject to negotiation. 12 months regular income minimum balance $5,000, minimum transaction of $2,000. Interest rate is fixed for the term of the deposit. Available rates vary according to the term of deposit selected and the amount of deposit. We may vary available rates at any time at our discretion.

BSB: 704-230

Police Financial Services Limited - ABN 33 087 651 661
AFSL 240293 Australian Credit Licence 240293
General Enquiries 13 63 73
Copyright 2017