Changes to Term Deposits

We’ve recently changed our Term Deposits.   

Changes effective Tuesday, 1 April 2025

Term Deposits

Balances $5,000-$49,999 & balances $50,000-$99,999

• Interest rates for 2 year terms have decreased by 0.20% p.a.
• Interest rates for 3 year terms have decreased by 0.30% p.a.

Balances $100,000-$249,999 & balances $250,000-$1,000,000

• Interest rates for 2 year terms have decreased by 0.20% p.a.
• Interest rates for 3 year terms have decreased by 0.30% p.a.

Interest tier changes for 1, 2 and 3 year term deposits

Any new 1, 2 and 3 year term deposits can now only be invested for an exact term. Members looking to invest for terms less than 12 months can still select any term, however if members want to select a term longer than 12 months they will only be able to select 1 year, 2 years or 3 year terms exactly. 
• 3-5 months
• 6-11 months
• 1 year (exactly)
• 2 years (exactly)
• 3 years exactly)

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Last updated: 1 April 2025

The information contained in this article is only correct at the point of time of publication. It is general information and has been prepared without taking into account your personal circumstances, objectives or needs. Please consider if this information is right for you before making a decision to acquire any product.