Term Deposit
With a Bank of Melbourne Term Deposit you can invest your money safely and know exactly what your return will be.
Special offer
3.00 % P.A.
for 12 to 23 months

Go online for an extra 0.10% p.a. added to your rate
An additional 0.10% p.a. online bonus rate# will be added when you open or renew online. Applies across any rate and term, as well as on our special 3.00% p.a. offer for for 12 - 23 months month terms*. Simply complete the process online.
Choose your own timeframe and enjoy the certainty of fixed rates
If you’re already with Bank of Melbourne, you’ll receive a bonus rate for opening or renewing online#. Sign in and check rates to see if you qualify for a higher bonus rate.

Manage your Term Deposit anytime, anywhere
You can update your maturity or renewal instructions online at any time – there’s no need to give us a call or visit a branch and you don’t need to wait for your Term Deposit to mature.
Renew online in minutes
You can choose to reinvest, add or withdraw money or change how your interest gets paid. You’ll also be able to see if you’re eligible for a bonus rate on top of our standard rates.
Get the Bank of Melbourne app
About the online bonus rate
The 0.10% p.a. online bonus rate will be applied automatically to your Term Deposit rate when you open or renew online.
Did you know you can now open your Term Deposit online?
Simply logon to Internet Banking to find a rate that’s right for you. If you’re an existing Bank of Melbourne customer, you could also be eligible for a bonus rate on top of our standard rates.
Convenient
Save time and open where you want, when you want.
Secure
Bank of Melbourne guarantees your Internet Banking security with Bank of Melbourne Secure
Make tax time easy
Find all your documents to download in one place.
The Detail
Term Deposits Terms and Conditions and General Information (PDF 2MB)