/ / / Term Deposit

Great If:

You want to earn a great rate on your savings

You’re after flexible terms with low fees

You want a secure way to grow your money

Key Features:

High interest rate on your savings
Flexible Terms to suit your needs – from one month to five years, with the option to invest by the month
No monthly fee OR monthly account-keeping fees - open with as little as $1,000
Option to have interest paid monthly, six-monthly or at maturity
Invest with confidence as all deposits under $250,000 are Government Guaranteed.
Open a Term Deposit It’s just that simple! Open a Term Deposit

Already a customer banking online with us?

Save time and open an account using your online banking details
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or

New customer or don't bank online with us?

Open a Term Deposit

I want to

  • Bank smarter and avoid fees

    Bank fees are right up there with stubbed toes and frostbite as most people’s least favourite things. Luckily, you can minimise their effect and keep more money in your pocket.

  • Get the right account

    As we grow, we need different accounts for each stage of our life to suit our changing needs. You wouldn't wear one set of shoes your whole life, would you? 

  • Plan for my retirement

    The retirement lifestyle of your dreams is within reach – all it takes is a little foresight and some great advice.

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Open a Term Deposit

Looking to open an account 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!

    Open Online

    Already a customer banking online with us?

    Save time and open an account using your online banking details
    Open an account online
    or

    New customer or don't bank online with us?

    Open Online
  • 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 your Deposit through Internet Banking.

    Open in Internet Banking

Interest Rates

Rates are effective as at Tuesday 23/10/2018

Interest on Maturity*
Term $1,000-$4,999.99 $5,000-$49,999.99 $50,000+
1 month .75 % p.a. 1.50 % p.a.  1.50 % p.a.
2 months .75 % p.a. 1.50 % p.a.  1.50 % p.a.
3 months .75 % p.a. 2.35 % p.a.  2.35 % p.a.
4 months 1.75 % p.a. 2.20 % p.a.  2.20 % p.a.
5 months 1.75 % p.a. 2.20 % p.a.  2.20 % p.a.
6 months 1.75 % p.a. 2.00 % p.a.  2.00 % p.a.
7 months 1.75 % p.a. 2.50 % p.a.  2.50 % p.a.
8 months 1.75 %p.a. 2.20 % p.a.  2.20 % p.a.
9 months 1.75 % p.a. 2.20 % p.a.  2.20 % p.a.
10 months 1.75 % p.a. 2.00 % p.a.  2.00 % p.a.
11 months 1.75 % p.a. 2.25 % p.a.  2.25 % p.a.
12 months 2.60 % p.a. 2.70 % p.a.  2.70 % p.a.
13 months 2.50 % p.a. 2.60 % p.a.  2.60 % p.a.
14 - 23 months 1.75 % p.a. 2.25 % p.a.  2.25 % p.a.
2 years 2.65 % p.a. 2.75 % p.a.  2.75 % p.a.
3 years 2.90 % p.a. 3.00 % p.a.  3.00 % p.a.
4 years 2.95 % p.a. 3.05 % p.a.  3.05 % p.a.
5 years 3.00 % p.a. 3.10 % p.a.  3.10 % p.a.

 

Monthly Interest#
Term $1,000-$4,999.99 $5,000-$49,999.99 $50,000+
1 month - - -
2 months - - -
3 months - - -
4 months - - -
5 months - - -
6 months 1.65 % p.a. 1.90 % p.a.  1.90 % p.a.
7 months 1.65 % p.a. 2.40 % p.a.  2.40 % p.a.
8 months 1.65 % p.a. 2.10 % p.a.  2.10 % p.a.
9 months 1.65 % p.a. 2.10 % p.a.  2.10 % p.a.
10 months 1.65 % p.a. 1.90 % p.a.  1.90 % p.a.
11 months 1.65 % p.a. 2.15 % p.a.  2.15 % p.a.
12 months 2.50 % p.a. 2.60 % p.a.  2.60 % p.a.
13 months 2.40 % p.a. 2.50 % p.a.  2.50 % p.a.
14 - 23 months 1.65 % p.a. 2.15 % p.a.  2.15 % p.a.
2 years 2.55 % p.a. 2.65 % p.a.  2.65 % p.a.
3 years 2.80 % p.a. 2.90 % p.a.  2.90 % p.a.
4 years 2.85 % p.a. 2.95 % p.a.  2.95 % p.a.
5 years 2.90 % p.a. 3.00 % p.a.  3.00 % p.a.

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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 of 0.1% applies if breakout occurs prior to Maturity Date. 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. A reduced interest rate of 0.1% applies if you break your investment prior to the maturity date. 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.