Term Investment

Looking for a secure and great value way to grow your savings? A Greater Term Investment is just the trick.

Our Term Investment lets you put money aside to earn a great interest rate so you can save for a new home, a holiday, a car, your kids' education or retirement. What's more, the first $250,000 you deposit is Government Guaranteed, giving you peace of mind.

Minimum Deposit $5,000 for 3 months

  • Interest Rate* 2.80
Interest on Maturity

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 transaction fees

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

We let you know when your investment is about to mature so you can choose to renew it or withdraw it within 10 days of maturity. Otherwise, we automatically renew investment for the same term at the current interest rate for that term on the date of maturity.

We can pay your interest into your Greater savings account or an account you hold at another institution. If your interest is paid six monthly or at maturity, and you roll over your investment, you can add the interest during the 10 days following rollover, to compound the interest you earn.

Invest with confidence as all deposits under $250,000 are Government Guaranteed.

Free Internet, Mobile and Phone Banking

Apply for Term Investment It’s just that simple! Open a Term Investment

I want to

I want 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.

more

I want 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? 

more

I want to invest

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. 

more

Investment Interest Calculator

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

Calculate Now

Budget Calculator

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

Get Started

Savings Goal Calculator

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

Let's Begin

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.

  • 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 customer, you can open a Term Investment through Internet Banking.

Interest Rates

Rates are effective as at Monday 3/08/2015

 Interest on Maturity*Monthly Interest*
Term$1,000-$4,999.99$5,000+$1,000-$4,999.99$5,000+
1 month 1.00 % p.a. 2.00 % p.a. - -
2 months 1.00 % p.a. 2.00 % p.a. - -
3 months 1.00 % p.a. 2.80 % p.a. - -
4 months 2.00 % p.a. 2.70 % p.a. - -
5 months 2.00 % p.a. 2.70 % p.a. - -
6 months 2.00 % p.a. 2.70 % p.a. 1.90 % p.a. 2.60 % p.a.
7 months 2.00 % p.a. 2.70 % p.a. 1.90 % p.a. 2.60 % p.a.
8 months 2.00 %p.a. 2.70 % p.a. 1.90 % p.a. 2.60 % p.a.
9 months 2.00 % p.a. 2.70 % p.a. 1.90 % p.a. 2.60 % p.a.
10 months 2.00 % p.a. 2.70 % p.a. 1.90 % p.a. 2.60 % p.a.
11 months 2.00 % p.a. 2.70 % p.a. 1.90 % p.a. 2.60 % p.a.
12 months 2.00 % p.a. 2.70 % p.a. 1.90 % p.a. 2.60 % p.a.
13 months 2.00 % p.a. 2.70 % p.a. 1.90 % p.a. 2.60 % p.a.
14 - 23 months 2.00 % p.a. 2.60 % p.a. 1.90 % p.a. 2.50 % p.a.
2 years 2.00 % p.a. 2.90 % p.a. 1.90 % p.a. 2.80 % p.a.
3 years 2.00 % p.a. 3.20 % p.a. 1.90 % p.a. 3.10 % p.a.
4 years 2.00 % p.a. 3.30 % p.a. 1.90 % p.a. 3.20 % p.a.
5 years 2.00 % p.a. 3.40 % p.a. 1.90 % p.a. 3.30 % p.a.

You might also be interested in:

Retirement Plus Account

Our Retirement Plus Account lets you earn higher interest on your savings.

Investment Planning

Making smart choices now can set you up for a better financial future.

Retirement Planning

Is there a gap in your retirement savings? Live the life you want after work.

Compare all Greater Savings Accounts

Open a Term Investment Account

Looking to open a Term Investment Account with The Greater? Did you know you can apply online?

It’s easier than you might think and takes just minutes. All you need to do is:
• Fill out our quick application form and verify your identity
• Open and start using your account

It’s just that simple!

Open a Term Investment Account

Why The Greater?

We are 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.

How to Save for a Car

Financial Planning

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

Reach your Savings Goal sooner using our Calculator

When you’re saving hard for something, it can sometimes seem like you’re treading water and not getting anywhere.
Don’t lose your savings momentum – by using our handy Savings Goal Calculator, you can figure out exactly when you’ll reach your target amount. Once you know this, the light at the end of the tunnel will get bigger with every savings deposit you make.

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 is 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 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 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 The Greater without further notice. Conditions apply. Please refer to our Terms and Conditions for more information.