A term deposit is a safe, high interest bearing account which allows you to
invest your money in short or long fixed terms. If you don’t mind locking
your money away, the Term Deposit gives you certainty of earning a high interest rate.
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1 Remember, a term deposit account is locked for a fixed amount of time, so that you can gain the best interest on your deposit. The Board reserves the right to accept deposits over $100,000. Withdrawal at maturity. We may allow early withdrawals at our absolute discretion (eg. in cases of financial hardship). Early withdrawals will incur a fee and an investment adjustment. Interest can be paid at maturity or 6-monthly intervals to your main transaction account. On maturity we will automatically re-invest your Term Deposit for the same term as you chose originally unless you have told us otherwise.