Why choose a Term Deposit?
Choose your own timeframe and enjoy the certainty of fixed rates
Choose a rate and term to suit your needs
1.85 % P.A.
On balances between $1,000 and $250,000 with interest paid on maturity.
a rate & term
If you’re an existing Bank of Melbourne customer you may be eligible for a bonus rate on top of our standard rates. In the past you may have needed to go into a branch or give us a call – now you can see any bonus rates you’re eligible for simply by logging into Internet Banking.
Renew your Term Deposit online
You can now renew your Term Deposit online – there’s no need to give us a call or visit a branch. When your Term Deposit matures, you have 14 days to make any changes such as withdrawing your money or reinvesting for a new term.
1.95% p.a. for 3 months with interest paid at maturity
1.65% p.a. for 6 months with interest paid at maturity
1.80% p.a. for 24 months with interest paid annually
Did you know you can now open your Term Deposit online?
Need flexibility to access your savings?
Grow your monthly balance and we’ll reward your dedication
Access your savings anytime and keep earning interest