Online term deposit

Term deposits with great rates that you can open online 24/7 via internet banking.


You can enjoy the following benefits:

  • Open the account online via internet banking
  • Competitive interest rates.1
  • Range of terms to choose from.
  • Interest calculated daily, paid annually and on maturity.
  • Funds are capital guaranteed up to $250,000.
  • No management or account keeping fees.


The only eligibility criteria is a minimum initial deposit of $2,000.


Features of our online term deposit include:

  • 3 - 24  months fixed terms are available
  • minimum deposit $2,000
  • interest rates1 vary according to amount invested and period of investment.


Fees & Charges

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

Apply now

Online term deposits can only be opened via internet banking. 

How to open an online term deposit >

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Deposits cannot generally be withdrawn prior to maturity.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 rates are fixed for the term of the deposit selected. 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