Looking to lock your funds away for a little while? The Great Southern Bank term deposit might be just the place to do it. There are a bunch of term options from 1 month to 5 years, with interest rates up to 5.00% p.a. Plus, there's the option for the interest you make to be paid into another bank account if you choose.
Great Southern Bank's term deposit has a range of options when it comes to putting your savings away, whether it be for a short time or a long time.
Rates start at 1.30% p.a. and go up to 5.00% p.a., depending on which term you choose.
Depositors can stash anywhere between $5,000 and $1,000,000, and any interest they make on their savings can be paid into another bank account if they wish.
There is also automatic rollover, so Great Southern Bank will rollover your deposit at the same rate for the same period of time, unless you decide otherwise.
This term deposit could be a good option for someone looking to lock away their funds for a short period of time, but still want to receive a competitive rate.
Bear in mind that not all rates on this term deposit are competitive, as the 1 month term only offers a 1.30% rate and you need to deposit at least $5,000 to open the term deposit.
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1.30% p.a. ($5,000 to $1,000,000) |
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1.60% p.a. ($5,000 to $1,000,000) |
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4.90% p.a. ($5,000 to $1,000,000) |
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2.95% p.a. ($5,000 to $1,000,000) |
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2.95% p.a. ($5,000 to $1,000,000) |
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4.95% p.a. ($5,000 to $1,000,000) |
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3.05% p.a. ($5,000 to $1,000,000) |
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3.05% p.a. ($5,000 to $1,000,000) |
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4.95% p.a. ($5,000 to $1,000,000) |
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3.15% p.a. ($5,000 to $1,000,000) |
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3.15% p.a. ($5,000 to $1,000,000) |
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5.00% p.a. ($5,000 to $1,000,000) |
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2.30% p.a. ($5,000 to $1,000,000) |
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3.50% p.a. ($5,000 to $1,000,000) |
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4.40% p.a. ($5,000 to $1,000,000) |
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3.80% p.a. ($5,000 to $1,000,000) |
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3.80% p.a. ($5,000 to $1,000,000) |
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3.80% p.a. ($5,000 to $1,000,000) |
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$5,000.00 |
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$1,000,000.00 |
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yes |
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yes |
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none |
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none |
Different interest rates apply to different amounts or different interest payment frequencies.
CUA have become rude and arrogant since they have expanded.
Read full reviewCUA have become rude and arrogant since they have expanded.
I like CUA because they are easy to deal with, are very competitive and give good customer service, limited fees.
Read full reviewI like CUA because they are easy to deal with, are very competitive and give good customer service, limited fees.
Love the CUA, very easy, flexible.
Read full reviewLove the CUA, very easy, flexible.
Fantastic personal service, comparable and even better interest rates. Only problem is local branch now closed.
Read full reviewFantastic personal service, comparable and even better interest rates. Only problem is local branch now closed.
I prefer credit unions because they are there for the members, not shareholders & ceo's getting huge payouts. Their interest rates are extremely competitive.
Read full reviewI prefer credit unions because they are there for the members, not shareholders & ceo's getting huge payouts. Their interest rates are extremely competitive.
