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COVID-19 Customer Relief

We've announced a range of measures to support the financial wellbeing of our customers who are impacted by the COVID-19 global pandemic.

Our Best Term Deposit Interest Rates

Whether you're saving for a rainy day, or a financial goal like planning for your retirement, an overseas holiday or helping your kids with their wedding, our Term Deposits offer competitive rates to help you reach your savings goal. Check out our range of Term Deposit Interest Rates and see how we measure up. 

Rates are effective as at Thursday 2/04/2020

Interest on Maturity*
Term $1,000-$4,999.99 $5,000-$49,999.99 $50,000+
1 month .10 % p.a. .50 % p.a.  .50 % p.a.
2 months .30 % p.a. .70 % p.a.  .70 % p.a.
3 months .30 % p.a. 1.30 % p.a.  1.30 % p.a.
4 months .90 % p.a. 1.50 % p.a.  1.50 % p.a.
5 months .65 % p.a. 1.25 % p.a.  1.25 % p.a.
6 months .90 % p.a. 1.50 % p.a.  1.50 % p.a.
7 months .65 % p.a. 1.25 % p.a.  1.25 % p.a.
8 months .65 %p.a. 1.25 % p.a.  1.25 % p.a.
9 months .65 % p.a. 1.25 % p.a.  1.25 % p.a.
10 months .65 % p.a. 1.25 % p.a.  1.25 % p.a.
11 months .65 % p.a. 1.25 % p.a.  1.25 % p.a.
12 months .70 % p.a. 1.30 % p.a.  1.30 % p.a.
13 months .50 % p.a. 1.10 % p.a.  1.10 % p.a.
14 - 23 months .55 % p.a. 1.15 % p.a.  1.15 % p.a.
2 years .95 % p.a. 1.55 % p.a.  1.55 % p.a.
3 years 1.00 % p.a. 1.60 % p.a.  1.60 % p.a.
4 years 1.05 % p.a. 1.65 % p.a.  1.65 % p.a.
5 years 1.10 % p.a. 1.70 % p.a.  1.70 % p.a.

 

Monthly Interest#
Term $1,000-$4,999.99 $5,000-$49,999.99 $50,000+
1 month - - -
2 months - - -
3 months - - -
4 months - - -
5 months - - -
6 months .80 % p.a. 1.40 % p.a.  1.40 % p.a.
7 months .55 % p.a. 1.15 % p.a.  1.15 % p.a.
8 months .55 % p.a. 1.15 % p.a.  1.15 % p.a.
9 months .55 % p.a. 1.15 % p.a.  1.15 % p.a.
10 months .55 % p.a. 1.15 % p.a.  1.15 % p.a.
11 months .55 % p.a. 1.15 % p.a.  1.15 % p.a.
12 months .60 % p.a. 1.20 % p.a.  1.20 % p.a.
13 months .40 % p.a. 1.00 % p.a.  1.00 % p.a.
14 - 23 months .45 % p.a. 1.05 % p.a.  1.05 % p.a.
2 years .85 % p.a. 1.45 % p.a.  1.45 % p.a.
3 years .90 % p.a. 1.50 % p.a.  1.50 % p.a.
4 years .95 % p.a. 1.55 % p.a.  1.55 % p.a.
5 years 1.00 % p.a. 1.60 % p.a.  1.60 % p.a.

Calculators

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Term Deposits
Term Deposits
From $1,000 - $4,999.99
*We calculate interest by applying the daily percentage rate to your account balance for the applicable period in the above table. For terms up to 13 months we pay interest on the Maturity Date. For terms over 13 months we pay interest six monthly and on the Maturity Date. # We calculate interest by applying the daily percentage rate to your account balance for the applicable period in the above table. We pay interest monthly and on the Maturity Date. Note: A reduced Interest Rate of 0.1% applies if breakout occurs prior to Maturity Date. These rates are current as at the Effective Date.
$5,000 and over
*Calculated by applying the daily percentage rate to your account balance for the applicable period in the above table. For terms up to 13 months interest is paid on the maturity date. For terms over 13 months interest is paid six monthly and on the maturity date. # Calculated by applying the daily percentage rate to your account balance for the applicable period in the above table. Interest is paid monthly and on the maturity date. A reduced interest rate of 0.1% applies if you break your investment prior to the maturity date. These rates are current from the effective date and are subject to change by Greater Bank without further notice. Conditions apply. Please refer to our Terms and Conditions for more information.