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Term Deposit Interest Rates

Check out Greater Bank's range of Savings Account Interest Rates and see how we measure up.

Rates are featured for our Term Deposits with interest on maturity and monthly interest payment options.

 

Rates are effective as at 9am Friday 26/04/2024

Term Deposit - interest on maturity

Term Deposit - interest on 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.
14-23 Months 0.01% p.a. 3.00% p.a. 3.00% p.a.
24-35 Months 0.01% p.a. 4.00% p.a. 4.00% p.a.
36-47 Months 0.01% p.a. 4.00% p.a. 4.00% p.a.
48-59 Months 0.01% p.a. 4.00% p.a. 4.00% p.a.
60 Months 0.01% p.a. 4.00% p.a. 4.00% p.a.
Rates are effective as at 9am Friday 26/04/2024

Term Deposit - monthly interest

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.

Find out more about our Term Deposits

Term Deposits

Interest rate 4.50 % p.a.
12 months - $5,000 and over - Interest on maturity
Saving on your terms. Choose a duration that suits you and lock a portion of your savings away to earn a higher rate of interest. Great if you’re saving for that long term goal like a new home, holiday, a car, helping out your kids or planning for retirement.

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Call 13 13 86

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 

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 Term Deposit and Term Deposit - monthly income 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 from the effective date and are subject to change by Greater Bank without further notice. Conditions apply. Please refer to our Product Schedules for Term Deposit and Term Deposit - monthly income for more information.