If you’re looking to stash your cash in a term deposit without hassle, then you’ll need an option with flexibility. Bendigo Bank offers a range of investment terms tailored to suit you. And with no fees and accommodating interest payment options, you’ll be well on the path to reaching your savings goals.
The Bendigo Bank Term Deposit is transparent with your return and gives you plenty of options for how long to invest your money. Starting from 1 month, Bendigo Bank allows for terms up to 5 years. All you’ll need to get started is a minimum $1,000 investment and you’ll fix the rate of return for the life of your investment.
Those looking to invest more than $5,000 on a two-year term can earn an interest rate of 4.00% when interest is paid at maturity. Always remember that the rate can vary depending on the length of your term as well as the frequency of compounding so be sure to compare with whats on offer.
With Bendigo Bank, you won’t go without choice when it comes to having your interest paid to you, with a range of interest payment options including at maturity, monthly, quarterly, half-yearly and yearly, depending on the term you choose.
A unique feature that sets Bendigo Bank’s Term Deposit aside from most is the option to add to deposits within 7 days. You should also know you won’t have to set up another account and start all over again for another term deposit period; Bendigo Bank term deposit offers automatic rollover. Just be sure to check what deal you’re getting before letting your account rollover, because, by that time, there may be a better deal out there waiting for you.
And if you’re asking yourself whether there are fees, the answer is no!
The Bendigo Bank Term Deposit is a particularly good those who are looking to reinvest automatically and top up their term deposit each time.
Like most other term deposit accounts, you’ll need to give Bendigo Bank a month’s notice if you wish to withdraw your funds before the maturity date and just be aware you’ll lose out on interest if you do.
0.05% p.a. ($1,000 to $4,999) 1.25% p.a. ($5,000 to $5,000,000) |
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0.05% p.a. ($1,000 to $4,999) 1.50% p.a. ($5,000 to $5,000,000) |
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0.05% p.a. ($1,000 to $4,999) 3.50% p.a. ($5,000 to $5,000,000) |
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0.05% p.a. ($1,000 to $4,999) 3.60% p.a. ($5,000 to $5,000,000) |
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0.05% p.a. ($1,000 to $4,999) 3.00% p.a. ($5,000 to $5,000,000) |
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0.10% p.a. ($1,000 to $4,999) 4.00% p.a. ($5,000 to $5,000,000) |
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0.10% p.a. ($1,000 to $4,999) 3.00% p.a. ($5,000 to $5,000,000) |
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0.10% p.a. ($1,000 to $4,999) 3.00% p.a. ($5,000 to $5,000,000) |
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0.10% p.a. ($1,000 to $4,999) 4.00% p.a. ($5,000 to $5,000,000) |
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0.10% p.a. ($1,000 to $4,999) 3.00% p.a. ($5,000 to $5,000,000) |
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0.10% p.a. ($1,000 to $4,999) 3.00% p.a. ($5,000 to $5,000,000) |
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0.15% p.a. ($1,000 to $4,999) 4.75% p.a. ($5,000 to $5,000,000) |
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0.15% p.a. ($1,000 to $4,999) 4.00% p.a. ($5,000 to $5,000,000) |
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0.15% p.a. ($1,000 to $4,999) 4.00% p.a. ($5,000 to $5,000,000) |
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0.15% p.a. ($1,000 to $4,999) 4.00% p.a. ($5,000 to $5,000,000) |
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0.15% p.a. ($1,000 to $4,999) 4.00% p.a. ($5,000 to $5,000,000) |
$1,000.00 |
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$5,000,000.00 |
no |
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yes |
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31 days notice required if customers want to withdraw their funds before the maturity date. |
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none |
Different interest rates apply to different amounts or different interest payment frequencies.
Very informative knowledge of products offers information about new products. Even will collect deposits from my house and deposit in nearest bank 40 kms away. No problem is too big or small. Reliable communication. As well as open on Saturdays - brilliant.
Read full reviewVery informative knowledge of products offers information about new products. Even will collect deposits from my house and deposit in nearest bank 40 kms away. No problem is too big or small. Reliable communication. As well as open on Saturdays - brilliant.
Convenient location but service is not so good.
Read full reviewConvenient location but service is not so good.
Staff really look after me. They give me notice when the term is about to mature, and take time to go through with me the options available to me.
Read full reviewStaff really look after me. They give me notice when the term is about to mature, and take time to go through with me the options available to me.
The Bendigo Bank's products, service & customer attention have been exemplary and by far surpassed any I have encountered over the years.
Read full reviewThe Bendigo Bank's products, service & customer attention have been exemplary and by far surpassed any I have encountered over the years.
The local Bendigo Community Bank have terrific staff who are most helpful,understanding, and very pleasant and approachable to deal with. Their range of products gives one a very competitive choice whether it be interest rates charged or interest rates on offer for investment purposes.
Read full reviewThe local Bendigo Community Bank have terrific staff who are most helpful,understanding, and very pleasant and approachable to deal with. Their range of products gives one a very competitive choice whether it be interest rates charged or interest rates on offer for investment purposes.