Thumbnail icon for Firefighters Mutual Bank

Firefighters Mutual Bank Term Deposit

Best rate (up to 1 year)
1.30% p.a.1 year
Interest paid to another bank?
yes

Mozo editorial review Firefighters Mutual Bank Term Deposit

Last updated: 3 July 2020.

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What's hot
  • 1.30% interest rate for one year term
  • 2020 Mozo Experts Choice Award winner
  • Option to have interest paid to another bank
What's not
  • Must provide 31 days notice for early withdrawal
Mozo snapshot

To say thanks to those within the fire and emergencies community, the Firefighters Mutual Bank offers competitive financial product, like the Firefighters Mutual Bank Term Deposit. With this term deposit, Aussie savers will be able to earn 1.30% in interest for a one year term and won’t pay any account keeping fees. And if that wasn’t enticing enough, you might also be happy to know this product took out a 2020 Mozo Experts Choice Award for Best Term Deposit. 

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Key features

If you’ve been considering opening a term deposit with a mutual bank and are a fire or emergency services employee, you may want to consider the Firefighters Mutual Bank Term Deposit? So long as you deposit at least $5,000 into the term deposit, you’ll be able to earn up to 1.30% in interest for a one year term, though terms range from three months to three years. 

And since mutual banks are all for their members, with the Firefighters Mutual Bank Term Deposit, you won’t pay any account keeping fees. While you will need to become a member in order to open the term deposit, you do have the option to have your interest paid to another bank. 

If you ever need to make a withdrawal before the term deposit reaches maturity, keep in mind you will need to provide Firefighters Mutual Bank with 31 days notice, which might not be ideal if you need the money ASAP. 

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Who is it good for

The Firefighters Mutual Bank Term Deposit could be a great choice for Aussies within the fire and emergency industries who want to earn a decent return on their savings and don’t mind being a member of a mutual bank. 

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Any catches

In order to sign up to Firefighters Mutual Bank, you will need to become a member, which involves paying a one-time membership fee of $10. 

Details

Rates and fees information correct as at 4 August 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
  • 0.70% p.a. ($1,000 to $4,999)

    1.20% p.a. ($5,000 to $499,999)

  • 0.70% p.a. ($1,000 to $4,999)

    1.20% p.a. ($5,000 to $499,999)

  • 0.70% p.a. ($1,000 to $4,999)

    1.20% p.a. ($5,000 to $499,999)

  • 0.70% p.a. ($1,000 to $4,999)

    1.20% p.a. ($5,000 to $499,999)

  • 0.70% p.a. ($1,000 to $4,999)

    1.20% p.a. ($5,000 to $499,999)

  • 0.70% p.a. ($1,000 to $4,999)

    1.20% p.a. ($5,000 to $499,999)

  • 0.70% p.a. ($1,000 to $4,999)

    1.20% p.a. ($5,000 to $499,999)

  • 0.70% p.a. ($1,000 to $4,999)

    1.20% p.a. ($5,000 to $499,999)

  • 0.70% p.a. ($1,000 to $4,999)

    1.20% p.a. ($5,000 to $499,999)

  • 0.80% p.a. ($1,000 to $4,999)

    1.30% p.a. ($5,000 to $499,999)

  • 0.75% p.a. ($1,000 to $4,999)

    1.25% p.a. ($5,000 to $499,999)

  • 0.80% p.a. ($1,000 to $4,999)

    1.30% p.a. ($5,000 to $499,999)

  • 0.80% p.a. ($1,000 to $4,999)

    1.30% p.a. ($5,000 to $499,999)

Other financial bits
  • $1,000.00

  • $499,999.00

Features
  • none

  • 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

This product is not currently reviewed.

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