Government Deposit Guarantee
When you invest with The Greater, you can invest with confidence. Australia has one of the strongest banking systems in the world.
The Greater Building Society is subject to the same regulatory standards and rules as the major banks that are set by the Australian Prudential Regulation Authority (APRA) to protect you.
The Financial Claims Scheme (Government Deposit Guarantee), managed by APRA, provides additional protection for your deposits.
This means that the combined value of deposits of $250,000 or less invested with The Greater are guaranteed by the Australian Government. (A joint account in two names with a value of $250,000 is split equally into $125,000 entitlements between the account holders for the purposes of determining a depositor’s total value of deposits.)
The Greater is one of the largest Building Societies in Australia with over $5 billion in assets under management. Like all other Australian financial institutions, we’re required by APRA to hold a certain amount of capital and minimum liquid assets. The Greater’s capital and liquid assets are consistently maintained above the minimum levels required by APRA.
The Greater also has strict lending criteria and has never engaged in “low doc”, “no doc” or “sub prime” lending. We continue to have exceedingly low loan default rates compared to other Australian financial institutions.
I want to
Someone wise once said – “If you want a sound investment, buy property, buy land. They’re not making any more of it.”more
The reality? Saving for a deposit's not as hard as you think. With the right advice, you’ll have your nest egg in no time.more
Open a Term Investment
Looking to open a Term Investment with The Greater? It's simple and can be done via your method of choice.
Use our quick and easy form-become a customer in mere minutes!
Open in branch
Visit your nearest branch where one of our friendly staff will guide you through the account-opening process.
Open in Internet Banking
If you're an existing Greater customer, you can open a Term Investment through Internet Banking
Why The Greater?
At The Greater, we spend every day serving the needs of over 250,000 Australians.
We live and work in the communities in which we operate, and we genuinely care about the goals and life outcomes of our customers.
We aim to do this through providing fair and honest banking products and services.Find out more
When it comes to planning for your financial future, trust and reputation should be your most important criteria.
That’s why The Greater has partnered with Bridges, pioneers in Financial Planning in Australia, to provide you the right advice when it comes to managing your money.See how we can help