Term Deposit
A term deposit is an investment of cash placed with a financial institution for a fixed period of time, known as the term, with a fixed interest rate for your return at the end of the term. A term deposit is commonly referred to as a TD, but can also be known as a certificate of deposit or CD. With Scotiabank Term Deposits you enjoy: Security – With Term Deposits, your initial investment (principal) is protected. Predictable Returns – Term Deposits give you peace of mind with a guaranteed rate of interest for the term of your investment. Flexibility – Whether fixed or cashable, short or long term, Term Deposits give you the. Term deposits are offered by approved deposit taking institutions; our most recent term deposit research compared 90 term deposits from 77 providers including banks, building societies and credit unions. Compare Term Deposits for more details.
Term Deposits
Too busy to track stocks, monitor the housing market, horde piles of gold and predict the future? Or wanting to diversify your investments?
Look at a Term Deposit with Gateway Bank, providing you an investment with certainty and stability. Lock in a great interest rate for the term of choice between 3 months and 5 years, and build your wealth with a guaranteed return on your Term Deposit account.
Term Deposits allow you to plan for your future and invest with confidence, knowing that you will receive a higher rate of return than many savings accounts over a fixed term. Take advantage of our competitive interest rates, no monthly account or service fees, and seamless interest payments directly into your Everyday Account.
Term Deposit In Post Office
- Interest is calculated daily and can be paid either monthly, 6 monthly or at maturity*
- No setup or monthly service fees
- Interest can be paid directly to your Everyday Account
- Available for SMSF and Trust Accounts
- Your first $250k is protected by the Australian Government Deposit Guarantee
Product Features:
Savings & Bank Accounts | |
|---|---|
| Monthly Fee : | $0 |
| Annual Fee : | $0 |
| Minimum Amount : | $1,000 |
| Cheque Book : | No |
| Funds Available : | If the deposit or any part of it is withdrawn before maturity, an interest rate adjustment fee will apply. |
| ATM/EFTPOS Access : | No |
| Online & Phone Banking : | No |
| Direct Entry (Credit/Debit) : | No |
| Interest Income : | Compounding interest option available for various terms |
| Debit Card : | No |
| Branch Access : | No |
| BPAY® : | No |
| Overdraft : | No |
| Periodic Payments : | No |
No Hidden Fees
Ensure that the profits from your investments are being used to grow your wealth, not pay unnecessary fees. Our Term Deposits are free from account setup, monthly account keeping or service fees, so you can invest with confidence.
Invest Your Way
Invest how it suits you with your choice of terms between 3 months and 5 years, and the option to have your interest paid monthly or at maturity, straight into your bank account.
Government Guaranteed
As Gateway Bank is an Authorised Deposit-taking Institution, your first $250k is protected by the Australian Government Deposit Guarantee, ensuring the safety of your fixed term investment if anything were to happen to Gateway.