Term Savings

Invest your money securely with competitive fixed interest rates

Features & Benefits

Competitive interest rates
Terms up to 5 years
No monthly service fees
Invest as little as $1,000
4 months (Amounts from $1,000 to $500,000)
4.50%p.a1
6 months (Amounts $1,000 to $500,000)
4.95%p.a1
Call us: 132 067
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Product Details

Target Market Determination
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
Free
Internet, Mobile and Phone Banking Transactions
N/A
Direct Credits
N/A
Over the Counter Withdrawal
Free
Over Limit Fee
N/A
Bank Cheque Fee
N/A
Cheque Deposit
N/A
3 months (Amounts from $1,000 to $500,000)
3.60%p.a1
4 months (Amounts from $1,000 to $500,000)
4.50%p.a1
6 months (Amounts $1,000 to $500,000)
4.95%p.a1
9 months (Amounts $1,000 to $500,000)
4.90%p.a1
12 months (Amounts $1,000 to $500,000)
4.90%p.a1
18 months (Amounts $1,000 to $500,000)
4.40%p.a1
24 months (Amounts $1,000 to $500,000)
4.00%p.a1
36 months (Amounts $1,000 to $500,000)
3.90%p.a1
48 months (Amounts $1,000 to $500,000)
3.90%p.a1
60 months (Amounts $1,000 to $500,000)
3.80%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 for new deposits as of today's date and are subject to change.

2 In case you have a change of mind, we provide a grace period of 14 calendar days, starting on the Deposit Date. If you would like to withdraw or transfer your investment to a different term, please contact us to arrange this.

If you withdraw part or all of the investment before the Maturity Date, the interest paid on the withdrawn amount will be calculated as follows: 

  • Deposits held for less than 30 days:  nil (0%) interest
  • Deposits held for 30 days or longer, but less than 25% of the original Deposit Term:  10% of accrued interest
  • Deposits held for 25%, but less than 50% of the original Deposit Term:  25% of accrued interest
  • Deposits held for 50%, but less than 75% of the original Deposit Term:  50% of accrued interest
  • Deposits held for 75%, but less than 100% of the original Deposit Term:  75% of accrued interest

Where interest has been paid prior to the Maturity Date, the above adjustment will be made to the Deposit Amount.


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.

We can negotiate rates for term deposits over $500,000. Please call 132 067 for more information.

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