Term Savings

Invest your money securely with competitive fixed interest rates

12 months (Amounts over $5,000)
2.70%p.a1
24 months (Amounts over $5,000)
2.95%p.a1

Features & Benefits

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Competitive interest rates
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Terms up to 2 years
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No monthly service fees
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Invest as little as $1,000

If you’re looking for a secure investment with a great return, a Regional Australia Bank Term Savings account could be just what you need. We offer competitive interest rates on all deposits, from as little as $1,000 and terms from 1 month up to 2 years.

Our Term Savings accounts allow you the flexibility you need to maximise your return by maintaining multiple deposits based on different amounts, terms and interest rates. Term Savings accounts and deposits can be initiated by contacting the friendly staff at your local branch or our Service Support Centre, while you can also keep an eye on your investment through Internet, Mobile and Phone Banking.

Product Details

Interest Conditions
Interest paid on maturity of fixed term. Interest discounts may apply for early redemption.2
Interest Frequency
Calculated daily, paid on maturity. Monthly, quarterly and semi-annually also available. Conditions apply.3
Instant Access to Funds
Yes. Interest discounts may apply for early redemption.2
Internet and Mobile Banking
Yes (balances only)
Phone Banking
Yes (balances only)
Direct Debits and Credits
No
Branch and Service Support Centre
Yes
Minimum Balance
$1,000
Access Fee
Waived
Internet, Mobile and Phone Banking Transactions
N/A
Direct Credits
N/A
Over the Counter Withdrawal
Free (on maturity of term)
Staff Assisted External Transfer
N/A
Over Limit Fee
N/A
Direct Debit Dishonour
N/A
Bank Cheque Fee
N/A
Cheque Deposit
N/A
3 months (Amounts over $5,000)
2.50%p.a1
6 months (Amounts over $5,000)
2.60%p.a1
9 months (Amounts over $5,000)
2.60%p.a1
12 months (Amounts over $5,000)
2.70%p.a1
24 months (Amounts over $5,000)
2.95%p.a1
Other Rates
Please see our Interest Rates page for rates related to other amounts and terms

Disclaimer

1 Interest rates are on a per annum basis and are current as at 22/05/17 and are subject to change.

2 Interest adjustment for early redemption of a Term Savings deposit is calculated as follows.

With 7 days notice:
  • Deposits held for up to 1 month- nil interest
  • Deposits held for more than 1 month but less than half the term- 1.00%p.a. below the Premium Savings Account interest rate applicable at the time of lodgement of the deposit.
  • Deposits held for more than half the term- 0.50%p.a. below the Premium Savings account interest rate applicable at the time of lodgement of the deposit.

Without 7 days notice:
  • Deposits held for up to 1 month- nil Interest
  • Deposits held for more than 1 month but less than half the term- nil interest
  • Deposits held for more than half the term- 1.00%p.a. below the Premium Savings account interest rate applicable at the time of lodgement of the deposit.

3 If you choose to receive your interest payments on a fortnightly, monthly, quarterly or semi-annual basis, a 0.15% discount will apply to the quoted interest rate. Please contact us for further details.

Terms, conditions, fees and charges apply. See Fees & Charges for full details.
Please refer to the Product Details and Conditions of Use when considering if this product is right for you.
Community Mutual Ltd is the issuer of the product.