50+ investment account

Our 50+ investment account is a 'fixed' term account and has a higher interest rate compared to other term deposits. 


You can enjoy the following benefits:

This account is designed for individuals, that is the savings purpose is personal banking  (that is, not for business purposes).


Features of our 50+ investment account include:

  • 12 - 60 months fixed terms available
  • Set up as a portfolio of term deposits
    • The first one has a minimum deposit $50,000.
    • Subsequent deposits have a $10,000 minimum.

Rates & fees


 Monthly interestQuarterly interestYearly interest
1 year
2 years
3 years1.15%1.16%1.20%
4 years1.15%1.16%1.20%
5 years1.15%1.16%1.20%

Interest is calculated daily and compounds annually or is credited monthly, quarterly or annually. Initial deposit of $50,000. Subsequent minimum deposit of $10,000. Interest rates on amounts in excess of $100,000 are subject to negotiation.
Rates are effective 6 March 2020 and subject to change at any time.

Fees & Charges

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

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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Deposits cannot generally be withdrawn prior to maturity.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.

1Interest rates vary according to term of deposit and interest payment frequency selected. Rates are fixed for the term of the deposit selected. Available rates are subject to change at any time. Interest rates on amounts in excess of $100,000 are subject to negotiation.
Interest is calculated daily and compounds annually and paid monthly, quarterly or annually.

BSB: 704-230

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