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Bank Australia is a customer owned bank. Formerly bankmecu, Bank Australia has over 130,000 customers which act as shareholders of the bank. It offers a full range of products including home loans, savings, credit cards and loan products, and because its shareholders are its customers, they benefit from lower rate and fees. Bank Australia also invests up to 4% of its profits in various community projects every year.
Last updated 21 November 2024
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Bank Australia small business term deposits
Term Deposit
Interest rate
4.80
%
p.a.
6 months
Minimum deposit
$500
Link not supplied
interest rates
3 months
4.70% p.a.
($500 - $3,000,000)
6 months
4.80% p.a.
($500 - $3,000,000)
9 months
4.80% p.a.
($500 - $3,000,000)
1 year
4.70% p.a.
($500 - $3,000,000)
18 months
4.25% p.a.
($500 - $3,000,000)
2 years
4.25% p.a.
($500 - $3,000,000)
3 years
4.00% p.a.
($500 - $3,000,000)
Minimum deposit
$500
Maximum deposit
$500
Govt Deposit Guarantee
Yes
Up to $250,000
Can interest be paid to another bank?
no
Automatic rollover
yes
Other restrictions
-
Other benefits
-
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Join the 35K+ subscribers who receive our weekly Moneyzone newsletter, showcasing the latest rate movements, exclusive deals, money-saving hacks, and expert insights from Mozo.
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.
While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.
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Important information on terms, conditions and sub-limits
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
