Give your savings a boost and open a high-interest Term Deposit online in minutes.
| Term Deposit - interest at maturity | $1,000.00 - $4,999.99 | $5,000.00 - $49,999.99 | $50,000.00+ |
|---|---|---|---|
| 1 Month | 0.01% p.a. | 1.00% p.a. | 1.00% p.a. |
| 2 Months | 0.01% p.a. | 1.00% p.a. | 1.00% p.a. |
| 3 Months | 0.01% p.a. | 3.50% p.a. | 3.50% p.a. |
| 4 Months | 0.01% p.a. | 3.50% p.a. | 3.50% p.a. |
| 5 Months | 0.01% p.a. | 3.50% p.a. | 3.50% p.a. |
| 6 Months | 0.01% p.a. | 4.60% p.a. | 4.60% p.a. |
| 7 Months | 0.01% p.a. | 3.80% p.a. | 3.80% p.a. |
| 8 Months | 0.01% p.a. | 3.80% p.a. | 3.80% p.a. |
| 9 Months | 0.01% p.a. | 4.00% p.a. | 4.00% p.a. |
| 10 Months | 0.01% p.a. | 4.00% p.a. | 4.00% p.a. |
| 11 Months | 0.01% p.a. | 4.00% p.a. | 4.00% p.a. |
| 12 Months | 0.01% p.a. | 4.50% p.a. | 4.50% p.a. |
| 13 Months | 0.01% p.a. | 3.00% p.a. | 3.00% p.a. |
| Term Deposit - monthly interest | $1,000.00 - $4,999.99 | $5,000.00 - $49,999.99 | $50,000.00+ |
|---|---|---|---|
| 6 Months | 0.01% p.a. | 4.50% p.a. | 4.50% p.a. |
| 7 Months | 0.01% p.a. | 3.70% p.a. | 3.70% p.a. |
| 8 Months | 0.01% p.a. | 3.70% p.a. | 3.70% p.a. |
| 9 Months | 0.01% p.a. | 3.90% p.a. | 3.90% p.a. |
| 10 Months | 0.01% p.a. | 3.90% p.a. | 3.90% p.a. |
| 11 Months | 0.01% p.a. | 3.90% p.a. | 3.90% p.a. |
| 12 Months | 0.01% p.a. | 4.40% p.a. | 4.40% p.a. |
| 13 Months | 0.01% p.a. | 2.90% p.a. | 2.90% p.a. |
| 14-23 Months | 0.01% p.a. | 2.90% p.a. | 2.90% p.a. |
| 24-35 Months | 0.01% p.a. | 3.90% p.a. | 3.90% p.a. |
| 36-47 Months | 0.01% p.a. | 3.90% p.a. | 3.90% p.a. |
| 48-59 Months | 0.01% p.a. | 3.90% p.a. | 3.90% p.a. |
| 60 Months | 0.01% p.a. | 3.90% p.a. | 3.90% p.a. |
| Monthly account-keeping fee | $0 |
| Bank transfer fee | $8.00 |
Reduced interest rate applies if term deposit is broken or closed before the maturity date. The above are a selection of our fees only. Additional Fees and Charges may apply. For further information please view the Term Deposit and Term Deposit Monthly Income Product Schedules.
Our Term Deposits can be opened by:
|
Opening an account with us is easy and can be done in one of three ways. If you already bank with us:
If you don’t bank with us yet:
T&Cs, fees, charges and eligibility criteria apply. |
In order to access your funds before maturity, you can either visit your nearest Greater branch, or give us a call on 13 13 86. Please note: Accessing your funds before maturity will result in a reduced interest rate that is further outlined in our Terms and Conditions.
$1000 - $4999.99:
We calculate interest by applying the daily percentage rate to your account balance for the applicable period in the above table. For terms up to 13 months we pay interest on the Maturity Date. For terms over 13 months we pay interest six monthly and on the Maturity Date. For terms over 6 months to 5 years we can pay interest monthly. We calculate interest by applying the daily percentage rate to your account balance for the applicable period in the above table.
Note: A reduced interest rate applies if you break your investment prior to the maturity date.
Please refer to our Product Schedules for more information. These rates are current from the effective date and are subject to change by Greater Bank without further notice. Conditions apply. Please refer to our Terms and Conditions for more information.
$5000 +
Calculated by applying the daily percentage rate to your account balance for the applicable period in the above table. For terms up to 13 months interest is paid on the maturity date. For terms over 13 months interest is paid six monthly and on the maturity date. For terms over 6 months to 5 years we can pay interest monthly. We calculate interest by applying the daily percentage rate to your account balance for the applicable period in the above table.
Note: A reduced interest rate applies if you break your investment prior to the maturity date. Please refer to our Product Schedules for more information. These rates are current from the effective date and are subject to change by Greater Bank without further notice. Conditions apply. Please refer to our Terms and Conditions for more information.
There is no maximum amount for our deposit accounts.
Deposits up to $250,000 per account holder per authorised deposit-taking institution (ADI) are guaranteed under the Australian Government’s Financial Claims Scheme.
Greater Bank and Newcastle Permanent are both parts of Newcastle Greater Mutual Group Ltd, a single ADI. Therefore, a single $250,000 limit will apply to the aggregate balance of any eligible accounts held with Greater Bank and Newcastle Permanent.
Maybe you’re not alone. Our FAQs answer some of the more common banking questions we get asked.
Our friendly staff are happy to help with all your banking needs. Find a location near you across NSW and South East QLD.
Call us Monday to Friday 8:00am – 6:00pm and Saturdays 8:00am – 1:00pm AEST.
~ Greater Bank and Newcastle Permanent are both parts of Newcastle Greater Mutual Group Ltd, a single ADI. Therefore, a single $250,000 limit will apply to the aggregate balance of any eligible accounts held with Greater Bank and Newcastle Permanent.
^ Other fees and charges may apply. Refer to the relevant Product Schedule for further information.
From $1,000 - $4,999.99
*We calculate interest by applying the daily percentage rate to your account balance for the applicable period in the above table. For terms up to 13 months we pay interest on the Maturity Date. For terms over 13 months we pay interest six-monthly and on the Maturity Date. # We calculate interest by applying the daily percentage rate to your account balance for the applicable period in the above table. We pay interest monthly and on the Maturity Date. Note: A reduced interest rate applies if you break your investment prior to the maturity date.
Please refer to our Product Schedules for more information. These rates are current as at the Effective Date.
$5,000 and over
*Calculated by applying the daily percentage rate to your account balance for the applicable period in the above table. For terms up to 13 months interest is paid on the maturity date. For terms over 13 months interest is paid six-monthly and on the maturity date. # Calculated by applying the daily percentage rate to your account balance for the applicable period in the above table. Interest is paid monthly and on the maturity date. Note: A reduced interest rate applies if you break your investment prior to the maturity date.
Please refer to our Product Schedules for more information. These rates are current as at the Effective Date.
# Renewal notices for a Term Deposit account opened via Online Banking or our App will be delivered to your secure mail inbox within Online Banking and our App. A notification of the secure email will also be forwarded to your personal email address.
Any advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the product is suitable for you and your personal circumstances.
Greater Bank, part of Newcastle Greater Mutual Group Ltd ACN 087 651 992 Australian Financial Services Licence/Australian credit licence 238273
