Your selected term deposits
Bendigo Bank is a major Australian retail bank that has been serving communities since 1858. Headquartered in Bendigo but servicing all of Australia, it has grown to service 2.5 million customers, and is known for community engagement and ethical banking.
Bendigo Bank offers a wide range of financial products and services, including personal and business banking, wealth management, and insurance. For personal banking customers, Bendigo Bank provides various savings options, including term deposits designed to help Australians grow their savings with competitive interest rates and flexible terms.
| INTEREST RATES P.A. | $0 to $4,999 | $5,000 to $5,000,000 |
|---|---|---|
| 1 month | 0.05% | 1.25% |
| 2 months | 0.05% | 1.50% |
| 3 months | 0.05% | 2.90% |
| 4 months | 0.05% | 3.40% |
| 5 months | 0.05% | 3.10% |
| 6 months | 0.10% | 3.15% |
| 7 months | 0.10% | 3.90% |
| 8 months | 0.10% | 3.50% |
| 9 months | 0.10% | 3.70% |
| 10 months | 0.10% | 3.50% |
| 11 months | 0.10% | 3.50% |
| 1 year | 0.15% | 3.60% |
| 2 years | 0.15% | 3.00% |
| 3 years | 0.15% | 3.00% |
| 4 years | 0.15% | 3.00% |
| 5 years | 0.15% | 3.00% |
Rates are shown for interest paid at maturity for terms less than 1 year, and annually or at maturity for terms of 1 year or more.
Your selected term deposits
Generally good, but at one stage there was a rollover that left me short of cash!
This bank is a great alternative to the big four banks they actually give service as a human not as a number
Great community bank, friendly customer service and great banking products, interest rates on term deposit's are better than other banks.
The minimum deposit amount is $1,000. However, to access the highest rates, you’ll need to deposit at least $5,000.
Interest is calculated daily and can be paid monthly, quarterly, half-yearly, annually, or on maturity, depending on your preference. You also have the option to compound interest back into your term deposit account.
Early withdrawals are possible but may incur penalties and reduce the interest earned. It’s best to choose a term that aligns with when you’ll need access to your funds.
Yes, Bendigo Bank is an authorised deposit-taking institution (ADI) in Australia. Deposits up to $250,000 are protected under the Australian Government’s Financial Claims Scheme, providing security for your savings.
* Different interest rates apply to different amounts or different interest payment frequencies.
^See information about the Mozo Experts Choice Term Deposit Awards
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