Key Features

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 Greater Bank 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.)

Greater Bank 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. Greater Bank’s capital and liquid assets are consistently maintained above the minimum levels required by APRA.

Greater Bank 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

  • Save for a housing deposit

    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.

  • Invest in property

    Investing can be a fruitful way to ensure our financial future is secure, but without the right advice, it can be hard to know where to begin. 

Open a Term Investment

Looking to open a Term Investment with Greater Bank? It's simple and can be done via your method of choice.

  • 1

    Open online

    Use our quick and easy form-become a customer in mere minutes!

  • 2

    Open in branch

    Visit your nearest branch where one of our friendly staff will guide you through the account-opening process. 

  • 3

    Open in Internet Banking

    If you're an existing Greater Bank customer, you can open a Term Investment through Internet Banking

Why Greater Bank?

At Greater Bank, 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.

Financial Planning

When it comes to planning for your financial future, trust and reputation should be your most important criteria.

That’s why we've partnered with Bridges, pioneers in Financial Planning in Australia, to provide you the right advice when it comes to managing your money.