7.8/10

Based on 64 Gateway Bank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

Gateway Bank term deposits

Gateway Bank is a deposit taking institution that is open to all Australians, who in turn will receive the excellent service and value from Gateways' products. Gateway Bank has a comprehensive range of products in home loans, term deposits, personal loans, kids savings accounts, car loans, everyday banking accounts, savings accounts and debit cards.

Gateway Bank offers the following term deposits

Rates and fees verified as correct at 16 June 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Best rate (up to 1 year) Minimum Deposit Interest paid to another bank?
Term Deposit

5.25% p.a.6 months ($1,000 to $)

$1,000.00

no

How are Gateway Bank term deposits rated?

Mozo users have rated Gateway Bank term deposits on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of term-deposits
Gateway Bank term deposits customer reviews
Overall
7.4/10
Price
8.3/10
Features
8.0/10
Customer service
7.9/10
Convenience
7.7/10
Trust
7.8/10
Based on 8 Gateway Bank product 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.

Recent Gateway Bank term deposit reviews

Gateway Bank Term Deposit
Overall 1/10
Don't be tempted by Gateway Bank's 1-year TD rate

Gateway Bank currently offers a market leading 1 year term but if you are not an existing customer be warned that this rate is an illusion as opening a term deposit with them is very difficult. My experience is that I transferred my funds to Gateway Bank as they instructed and have heard nothing from them since. I have phoned them and spoken to someone who could offer no assistance and just took down my details. I have since emailed Gateway Bank twice to confirm their receipt of my funds and got no response. I am now going to have to lodge a complaint and potentially go to the Australian Financial Complaints Authority if I cannot get a satisfactory response. I strongly recommend new customers avoid Gateway Bank as the small amount by which their term deposit rate leads competent competitors is quickly lost with your money sitting idle earning nothing while you try to find a staff member who is able to open the account.

Read full review

Gateway Bank currently offers a market leading 1 year term but if you are not an existing customer be warned that this rate is an illusion as opening a term deposit with them is very difficult. My experience is that I transferred my funds to Gateway Bank as they instructed and have heard nothing from them since. I have phoned them and spoken to someone who could offer no assistance and just took down my details. I have since emailed Gateway Bank twice to confirm their receipt of my funds and got no response. I am now going to have to lodge a complaint and potentially go to the Australian Financial Complaints Authority if I cannot get a satisfactory response. I strongly recommend new customers avoid Gateway Bank as the small amount by which their term deposit rate leads competent competitors is quickly lost with your money sitting idle earning nothing while you try to find a staff member who is able to open the account.

Customer service
1/10
Trust
1/10
Less
Elizabeth, New South Wales, reviewed about 1 year ago
Gateway Bank Term Deposit
Overall 10/10
n/a

great bankn/a

Read full review

great bankn/a

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Rex, Northern Territory, reviewed almost 10 years ago
Gateway Bank Term Deposit
Overall 8/10
Great rates and service

Gateway Credit Union operates almost exclusively online. It has an office in Sydney but has managed to set up policies and procedures that make online banking very easy. I have been a customer for over 30 years (previously known as CBAO credit union) and have had a home loan through them and am now able to enjoy their term deposit accounts. No fees and usually the highest rates on offer. Many options for interest payments and we always get notified before maturity. A very happy customer.

Read full review

Gateway Credit Union operates almost exclusively online. It has an office in Sydney but has managed to set up policies and procedures that make online banking very easy. I have been a customer for over 30 years (previously known as CBAO credit union) and have had a home loan through them and am now able to enjoy their term deposit accounts. No fees and usually the highest rates on offer. Many options for interest payments and we always get notified before maturity. A very happy customer.

Price
10/10
Features
8/10
Customer service
10/10
Convenience
4/10
Trust
10/10
Less
Greg, New South Wales, reviewed almost 10 years ago
Gateway Bank Term Deposit
Overall 8/10
Great customer service

ALthough not the leading interest rates for tem deposits, they are steady and reliable and no fees

Read full review

ALthough not the leading interest rates for tem deposits, they are steady and reliable and no fees

Price
7/10
Features
8/10
Customer service
9/10
Convenience
9/10
Trust
9/10
Less
Kerry, New South Wales, reviewed about 12 years ago
See all term deposit reviews
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.
Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

Term deposit quick links