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Term Deposits

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Looking for an excellent return on your investment and don’t require immediate access to your funds? SERVICE ONE Alliance Bank Term Deposit accounts offer competitive rates over various fixed interest terms so you can tailor your investment to your needs. A summary of these products' features is offered below:

Have the flexibility to choose an investment term and interest rate that is right for you View interest rates.
Interest calculation Daily and paid at maturity, annually, quarterly or monthly (depending on the fixed term selected) to your nominated account.
Investment term From 1 month to 60 months.
Funds availability Available for withdrawal at maturity.
Minimum deposit $500.

In addition:

  • Earn higher interest on higher deposit amounts.
  • The balance in Term Deposits contribute to your Average Relationship Balance, and this is used to calculate your monthly Fee Allowance to offset everyday withdrawal fees (refer to the Schedule of Fees and Charges for what constitutes a withdrawal).
  • Early withdrawal is available but this will be subject to an interest rate penalty.
  • Rates on deposits over $250,000 are negotiable.
  • SERVICE ONE Alliance Bank deposits are deposits of Bendigo Bank and are covered by the Federal Government's Financial Claims Scheme.

 

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