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Term Deposit

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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. ¹

Up to
2.40% pa
Maximum Rate

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Term Deposits from 3 to 48 months
High interest bearing account
No monthly account keeping fees
Investments starting at just $500

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Term Deposits
Key Features
Maximum rate	2.40% pa
Minimum Deposit	$500
3 Months	2.00% pa
6 Months	2.10% pa
9 Months	2.00% pa
12 Months	2.25% pa
24 Months	2.25% pa
36 Months	2.40% pa
48 Months	2.35% pa
Availability of funds	At maturity
Access Methods
Personal Cheque	No
Eftpos and ATM	No
Direct Credits	No
Direct Debits	No
Visa Debits	No
Branch transactions	Yes
Phone Banking	Balance only
Internet Banking	Balance only
BPAY Phone	No
BPAY Internet	No
Periodical payments	No

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 All Purpose Savings account or by cheque. On maturity we will automatically re-invest your Term Deposit in the same type of Term Deposit you chose originally unless you have told us otherwise.

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