Bendigo Bank term deposits

4.2
Based on 318 Bendigo Bank term deposit product reviews.
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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.

Last updated 1 May 2025 Important disclosures

Bendigo Bank term deposits

Government Deposit Guarantee: Funds protected up to $250k
  • Term Deposit

    Best rate
    3.80 % p.a.
    for 6 months
    ($5,000 to $5,000,000)
    Next best option
    3.70 % p.a.
    for 9 months
    ($5,000 to $5,000,000)
    No Partner link

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Bendigo Bank term deposit ratings

Overall customer rating for Bendigo Bank term deposits

4.2
Based on 318 product reviews.

Customer reviews

Important disclosures

Bendigo Bank products

Bendigo Bank term deposits: FAQs

What is the minimum deposit amount for Bendigo Bank term deposits?

The minimum deposit amount is $1,000. However, to access the highest rates, you’ll need to deposit at least $5,000.

How is interest paid on Bendigo Bank term deposits?

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.

Can I withdraw my money before the term ends?

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.

Is my money safe with Bendigo Bank?

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.

Term deposit quick links


* 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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