You can enjoy the following benefits:
To be eligible, you must:
Features of our 12 Months Regular Income include:
|$5,000 - 24,999.99||$25,000 - 49,999.99||$50,000 plus|
|12 months regular income||1.45%||1.55%||1.60%|
Interest rates on amounts over $100,000 are subject to negotiation. 12 months regular income minimum balance $5,000 minimum transaction $2,000.
Refer to Fees & Charges (PDF) for information on current fees & charges.
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.
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.
Deposits cannot generally be withdrawn prior to maturity.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.
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.