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BankSA Term Deposit

Best rate (up to 1 year)
1.05% p.a.1 year
Interest paid to another bank?
yes

Details

Rates and fees information correct as at 28 May 2020. 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
  • 0.20% p.a. ($1,000 to $250,000)

  • 0.35% p.a. ($1,000 to $250,000)

  • 0.85% p.a. ($1,000 to $250,000)

  • 0.80% p.a. ($1,000 to $5,000,000)

  • 0.75% p.a. ($1,000 to $250,000)

  • 0.80% p.a. ($1,000 to $250,000)

  • 0.85% p.a. ($1,000 to $250,000)

  • 1.05% p.a. ($1,000 to $250,000)

  • 0.75% p.a. ($1,000 to $250,000)

  • 0.80% p.a. ($1,000 to $250,000)

  • 0.75% p.a. ($1,000 to $250,000)

  • 1.05% p.a. ($1,000 to $250,000)

  • 1.05% p.a. ($1,000 to $250,000)

  • 1.05% p.a. ($1,000 to $250,000)

  • 1.05% p.a. ($1,000 to $250,000)

  • 1.05% p.a. ($1,000 to $250,000)

Other financial bits
  • $1,000.00

  • $5,000,000.00

Features
  • direct credit, cheque

  • yes

  • yes

  • 31 days notice required if customers want to withdraw their funds before the maturity date.

  • none

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

Customer Reviews

How are BankSA term deposits rated by the Mozo community?

Overall customer rating
7.7/10
Price
7.1/10
Features
5.9/10
Customer service
7.9/10
Convenience
7.9/10
Trust
8.1/10

Latest reviews of BankSA Term Deposit

  • Overall 10/10
    Very good service

    Bank SA is close & easy to get to for us, their interest rates are competitive, although at the present time rates are very low for retired people.

    Read full review

    Bank SA is close & easy to get to for us, their interest rates are competitive, although at the present time rates are very low for retired people.

    Price
    8/10
    Features
    0/10
    Customer service
    10/10
    Convenience
    9/10
    Trust
    10/10
    Less
    Desmond, South Australia reviewed over 6 years ago
  • Overall 5/10
    Good customer service

    Although the customer service from the staff is very good, I am not so sure I am getting the best interest available.

    Read full review

    Although the customer service from the staff is very good, I am not so sure I am getting the best interest available.

    Price
    5/10
    Features
    3/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    5/10
    Less
    Anne, South Australia reviewed over 6 years ago
  • Overall 10/10
    Excellent term deposit product

    I currently have a term deposit with Bank SA (over a maximum period of six years) which is obtaining an excellent rate of interest (4.78% per annum) and I believe this to be an excellent product. It was very easy to set up and the interest rate is very competitive (few other banks/financial institutions are able to match the interest rate). I am kept informed every six months as to how the deposit is going and I think as far as an investment is concerned, anyone with some spare cash to invest, should seriously consider it.

    Read full review

    I currently have a term deposit with Bank SA (over a maximum period of six years) which is obtaining an excellent rate of interest (4.78% per annum) and I believe this to be an excellent product. It was very easy to set up and the interest rate is very competitive (few other banks/financial institutions are able to match the interest rate). I am kept informed every six months as to how the deposit is going and I think as far as an investment is concerned, anyone with some spare cash to invest, should seriously consider it.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Ira, South Australia reviewed over 6 years ago
  • Overall 8/10
    Great customer service and competitive features.

    The bank manager keeps me in touch personally with any rate changes and gives me advice to save money and make a higher return.

    Read full review

    The bank manager keeps me in touch personally with any rate changes and gives me advice to save money and make a higher return.

    Price
    6/10
    Features
    6/10
    Customer service
    10/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Mozo community reviewer, South Australia reviewed over 6 years ago
  • Overall 10/10
    there great

    i like everythinng

    Read full review

    i like everythinng

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Mozo community reviewer, South Australia reviewed almost 7 years ago
BankSA

About BankSA

BankSA is the largest financial institution in South Australia, and boasts the largest network of branches and ATMs in the state. BankSA aims to help South Australians get the best from their money, and offers a wide range of bank accounts, home loans, personal loans, credit cards and other financial services.

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