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Bank of us Term Deposit

Advertiser disclosure
Best rate (up to 1 year)
5.00% p.a.6 months ($5,000 to $24,999)
Minimum Deposit
$5,000.00
Interest paid to another bank?
yes

Mozo editorial review Bank of us Term Deposit - last updated: 21 March 2024

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What's hot
  • Wide range of term options
  • Interest can be paid to another bank
What's not
  • Highest rates only available on shorter 12-17 month terms
Mozo snapshot

If you’re looking to build your nest egg, then the Term Deposit from Bank of us could be worth a look, as it comes with decent interest rates across a range of terms from as little as one month up to three years. Once your deposit hits maturity, your funds will automatically roll over or you can opt to exit with your newly earned interest.


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Key features

The Bank of us Term Deposit comes with terms ranging from one month up to three years on balances from $5,000 up to $200,000. Any balance over this amount will be subject to to daily quotation.

Different rates also apply based on when you get your interest paid. For instance, interest paid at maturity on a term between 12-17 months 4.80% p.a. while interest paid 6 monthly at 12-17 months is 4.75% p.a. 

Interest paid at Maturity:

  • 24 Month - 4.25% p.a.
  • 36 Month - 4.05% p.a.

Interest paid 6 monthly:

  • 24 Month - 4.20% p.a.
  • 36 Month - 4.05% p.a.

Interest paid Annually: 

  • 24 Month - 4.25% p.a.
  • 36 Month - 4.05% p.a.

What’s more, the Bank of us Term Deposit offers customers the option to have their interest paid to another bank of their choice, either as direct credit or cheques. Just bear in mind that this term deposit also has an automatic rollover feature, which means you’ll have to opt out at maturity if you want to access your funds and interest without penalty.

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Who is it good for

The Bank of us Term Deposit suits committed savers looking to grow balances for 12-17 months, as you’ll earn the most interest within this range when getting your interest paid at maturity.


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Any catches

Before letting your term deposit automatically roll over, be sure to check whether the rate being offered is still competitive by term deposit offers.


Details

Rates and fees information correct as at 29 May 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.00% p.a. ($5,000 to $24,999)

2.00% p.a. ($25,000 to $99,999)

2.00% p.a. ($100,000 to $200,000)

2.00% p.a. ($5,000 to $24,999)

2.00% p.a. ($25,000 to $99,999)

2.00% p.a. ($100,000 to $200,000)

4.00% p.a. ($5,000 to $24,999)

4.00% p.a. ($25,000 to $99,999)

4.00% p.a. ($100,000 to $200,000)

4.20% p.a. ($5,000 to $24,999)

4.20% p.a. ($25,000 to $99,999)

4.20% p.a. ($100,000 to $200,000)

4.40% p.a. ($5,000 to $24,999)

4.40% p.a. ($25,000 to $99,999)

4.40% p.a. ($100,000 to $200,000)

5.00% p.a. ($5,000 to $24,999)

5.00% p.a. ($25,000 to $99,999)

5.00% p.a. ($100,000 to $200,000)

4.50% p.a. ($5,000 to $24,999)

4.50% p.a. ($25,000 to $99,999)

4.50% p.a. ($100,000 to $200,000)

4.50% p.a. ($5,000 to $24,999)

4.50% p.a. ($25,000 to $99,999)

4.50% p.a. ($100,000 to $200,000)

4.60% p.a. ($5,000 to $24,999)

4.60% p.a. ($25,000 to $99,999)

4.60% p.a. ($100,000 to $200,000)

4.60% p.a. ($5,000 to $24,999)

4.60% p.a. ($25,000 to $99,999)

4.60% p.a. ($100,000 to $200,000)

4.60% p.a. ($5,000 to $24,999)

4.60% p.a. ($25,000 to $99,999)

4.60% p.a. ($100,000 to $200,000)

4.80% p.a. ($5,000 to $24,999)

4.80% p.a. ($25,000 to $99,999)

4.80% p.a. ($100,000 to $200,000)

4.80% p.a. ($5,000 to $24,999)

4.80% p.a. ($25,000 to $99,999)

4.80% p.a. ($100,000 to $200,000)

4.30% p.a. ($5,000 to $24,999)

4.30% p.a. ($25,000 to $99,999)

4.30% p.a. ($100,000 to $200,000)

4.25% p.a. ($5,000 to $24,999)

4.25% p.a. ($25,000 to $99,999)

4.25% p.a. ($100,000 to $200,000)

4.05% p.a. ($5,000 to $24,999)

4.05% p.a. ($25,000 to $99,999)

4.05% p.a. ($100,000 to $200,000)

Other financial bits

$5,000.00

$200,000.00

Features

yes

yes

Only available to existing residents of Tasmania

none

Different interest rates apply to different amounts or different interest payment frequencies.

Customer Reviews

How are Bank of us term deposits rated by the Mozo community?

Overall
8.6/10
Price
7.8/10
Features
7.2/10
Customer service
8.9/10
Convenience
8.7/10
Trust
8.6/10
Based on 10 Bank of us term deposit reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

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Yes up to $250,000

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Yes up to $250,000

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Yes up to $250,000

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Yes up to $250,000

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Yes up to $250,000

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