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Special offer

2.25% P.A for 12 to 23 months

Offer available from 9th June 2022 for a limited time only on Term Deposits opened or renewed by Bank of Melbourne personal and business customers. Available on 12 - 23 month terms on deposits from $1,000 - $5,000,000 with interest paid monthly or at maturity. Terms and conditions apply.*  
 

 

$1000 to less than $2000000

1 to less than 2 months

0.05% p.a.

2 to less than 3 months

0.05% p.a.

3 to less than 4 months

0.07% p.a.

4 to less than 5 months

0.07% p.a.

5 to less than 6 months

0.10% p.a.

6 to less than 7 months

0.15% p.a.

7 to less than 8 months

0.20% p.a.

8 to less than 9 months

0.20% p.a.

9 to less than 10 months

0.20% p.a.

10 to less than 11 months

0.25% p.a.

11 to less than 12 months

0.25% p.a.

12 to less than 24 months

0.25% p.a.

24 to less than 36 months

0.30% p.a.

36 to less than 48 months

0.30% p.a.

48 to less than 60 months

0.30% p.a.

60 months

0.30% p.a.

 

$1000 to less than $2000000

24 to less than 36 months

 

0.30% p.a.

 

36 to less than 48 months

 

0.30% p.a.

48 to less than 60 months

 

0.30% p.a.

60 months

0.30% p.a.

 

 

$1000 to less than $2000000

12 to less than 24 month

0.25% p.a.

 

24 to less than 36 months

0.30% p.a.

 

36 to less than 48 months

0.30% p.a.

 

48 to less than 60 months

0.30% p.a.

 

60 months

0.30% p.a.

 

 

$1000 to less than $2000000

6 to less than 7 months

0.15% p.a.

 

7  to less than 8 months

0.20% p.a.

 

8 to less than 9 months

0.20% p.a.

 

9 to less than 10 months

0.20% p.a.

 

10  to less than 11 months

0.25% p.a.

 

11 to less than 12 months

0.25% p.a.

 

12  to less than 24 months

0.25% p.a.

 

24  to less than 36 months

0.30% p.a.

 

36  to less than 48 months

0.30% p.a.

 

48  to less than 60 months

0.30% p.a.

 

60 months

0.30% p.a.

 

Already with Bank of Melbourne ?

You may be eligible for a bonus rate on top of our standard rates. You can save yourself a trip to a branch and find bonus rates in your Internet Banking.

Choose rate and term

What is the Term Deposit Grace Period rate?

Bank of Melbourne Term Deposits have a 14 calendar day Grace Period, starting from the date of maturity. During this time you can make changes, including withdrawing funds or closing your account, without incurring a fee (or a reduction in your interest return for interest earned during the immediately preceding term).   

If you do close your account or withdraw some funds during the Grace Period you will be paid any undispersed interest earned throughout your term plus the Grace Period interest rate on the amount withdrawn for the period between the date of maturity and the date when funds were withdrawn.

The Grace Period rate is a variable rate, and is currently 0.05% .

The Detail

Conditions apply.

Special rates will apply for a single term. Standard Term Deposit rates may apply for any subsequent term. Special rates are not available for corporate, institutional or government customers.

Special offer Terms and Conditions: *Rate is available for new or renewed Term Deposits for 12-23 month terms, from $1,000 to $5,000,000. Rate will not be automatically applied to a renewing Term Deposit. Commercial and Private Bank customers will need to contact their Relationship Manager. Not available for Financial Institutions. Rate applies for a single term. Higher or lower rates may apply for subsequent terms. Rate is not available in conjunction with any bonus interest or other special rates offered on Bank of Melbourne Term Deposits. You must provide a minimum of 31 days’ notice to access funds prior to maturity (except in cases of hardship). If the deposit or any part of it is withdrawn early, an interest rate adjustment will normally apply. This offer is available via Internet Banking (for existing customers) or by talking to us.

Before making a decision, it's best to read the terms and conditions and important information document.

Please read these documents and keep a copy. You can request a paper copy at a branch.

The advice on our website is prepared without knowing your personal financial circumstances. Before you act on this or any advice, please consider if it’s right for you. If you need help, call 13 22 66.