/ / / 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

Option to have interest paid monthly, six-monthly or at maturity

Open with as little as $1,000

Invest with confidence as all deposits under $250,000 are Government Guaranteed.
Apply for Term Deposit It’s just that simple! 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? 

  • 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. 

Investment Interest Calculator

Project how much you can accumulate over a fixed term and interest rate

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Budget Calculator

Get a better idea of your monthly incomings and outgoings, and what you're left to play with

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Savings Goal Calculator

Project how much you can accumulate over time from an initial contribution and regular ongoing deposits

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Open a Term Deposit

Looking to open a Term Deposit 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
  • 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 Deposit through Internet Banking.

    Open in Internet Banking

Interest Rates

Rates are effective as at Wednesday 28/06/2017

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. 2.65 % p.a.  2.65 % p.a.
4 months 1.75 % p.a. 2.10 % p.a.  2.10 % p.a.
5 months 1.75 % p.a. 2.70 % p.a.  2.70 % p.a.
6 months 1.75 % p.a. 2.85 % p.a.  2.85 % p.a.
7 months 1.75 % p.a. 2.10 % p.a.  2.10 % p.a.
8 months 1.75 %p.a. 2.70 % p.a.  2.70 % p.a.
9 months 1.75 % p.a. 2.70 % p.a.  2.70 % p.a.
10 months 1.75 % p.a. 2.70 % p.a.  2.70 % p.a.
11 months 1.75 % p.a. 3.00 % p.a.  3.00 % p.a.
12 months 1.75 % p.a. 2.10 % p.a.  2.10 % p.a.
13 months 1.75 % p.a. 3.00 % p.a.  3.00 % p.a.
14 - 23 months 1.75 % p.a. 2.00 % p.a.  2.00 % p.a.
2 years 1.75 % p.a. 3.00 % p.a.  3.00 % p.a.
3 years 1.75 % p.a. 3.10 % p.a.  3.10 % p.a.
4 years 1.75 % p.a. 3.20 % p.a.  3.20 % p.a.
5 years 1.75 % p.a. 3.30 % p.a.  3.30 % 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. 2.75 % p.a.  2.75 % p.a.
7 months 1.65 % p.a. 2.00 % p.a.  2.00 % p.a.
8 months 1.65 % p.a. 2.60 % p.a.  2.60 % p.a.
9 months 1.65 % p.a. 2.60 % p.a.  2.60 % p.a.
10 months 1.65 % p.a. 2.60 % p.a.  2.60 % p.a.
11 months 1.65 % p.a. 2.90 % p.a.  2.90 % p.a.
12 months 1.65 % p.a. 2.00 % p.a.  2.00 % p.a.
13 months 1.65 % p.a. 2.90 % p.a.  2.90 % p.a.
14 - 23 months 1.65 % p.a. 1.90 % p.a.  1.90 % p.a.
2 years 1.65 % p.a. 2.90 % p.a.  2.90 % p.a.
3 years 1.65 % p.a. 3.00 % p.a.  3.00 % p.a.
4 years 1.65 % p.a. 3.10 % p.a.  3.10 % p.a.
5 years 1.65 % p.a. 3.20 % p.a.  3.20 % p.a.

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Why Greater Bank?

We're a customer owned bank, which means we have no shareholders - we exist to serve you. Our profits are reinvested into our business in order to provide better value products and services, and we foster the communities in which we operate.

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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.