8.0/10

Based on 2255 Great Southern Bank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

Great Southern Bank term deposits

Great Southern Bank is an alternative to the big banks, offering financial, health and insurance solutions to over 500,000 Aussies. As a mutual, it's run by members for members, and reinvests in making its service better for customers and supporting local communities. Great Southern Bank is committed to helping members through life's big changes, so if you want to make a change for the better, check out its range of home loans, personal loans, credit cards, savings accounts and more.

Great Southern Bank offers the following term deposits

Rates and fees verified as correct at 18 July 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

5.15% p.a.11 months ($5,000 to $1,000,000)

$5,000.00

yes

How are Great Southern Bank term deposits rated?

Mozo users have rated Great Southern 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
Great Southern Bank term deposits customer reviews
Overall
8.3/10
Price
8.0/10
Features
7.1/10
Customer service
8.6/10
Convenience
8.2/10
Trust
8.7/10
Based on 84 Great Southern 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 Great Southern Bank term deposit reviews

Great Southern Bank Term Deposit
Overall 7/10
Competitive limited branches

Very limited branches to visit difficult to get on phone

Read full review

Very limited branches to visit difficult to get on phone

Price
8/10
Features
3/10
Customer service
6/10
Convenience
4/10
Trust
8/10
Less
Tracye, New South Wales, reviewed 12 months ago
Great Southern Bank Term Deposit
Overall 1/10
Beware of CUA.

I was recently with CUA as I was extremely hopeful that it would be a good bank to deal with, but after a week I left and was charged $20 after 5 days being with them. I was first told I'd receive a certain rate over the phone by a saleswoman, so it took me a day to transfer everything into CUA. Then the next day I spoke to another person and they had no records that I spoke to someone, even though I presented screenshots of my mobile that I spoke to someone there - they didn't believe me. Then they said they had to investigate and both phone service person, online and a bank manager told me they'd get back to me the next day. After 2 days of calling, leaving messages. A 2nd person got back to me but it was too late, I received a better rate from another bank and then decided to leave after 4 days of being run around. I was unfortunately charged $20 for being with them under 5 days.

Read full review

I was recently with CUA as I was extremely hopeful that it would be a good bank to deal with, but after a week I left and was charged $20 after 5 days being with them. I was first told I'd receive a certain rate over the phone by a saleswoman, so it took me a day to transfer everything into CUA. Then the next day I spoke to another person and they had no records that I spoke to someone, even though I presented screenshots of my mobile that I spoke to someone there - they didn't believe me. Then they said they had to investigate and both phone service person, online and a bank manager told me they'd get back to me the next day. After 2 days of calling, leaving messages. A 2nd person got back to me but it was too late, I received a better rate from another bank and then decided to leave after 4 days of being run around. I was unfortunately charged $20 for being with them under 5 days.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Jo, New South Wales, reviewed over 3 years ago
Great Southern Bank Term Deposit
Overall 1/10
Very difficult and unreliable.

I've been trying to set up a Term Deposit for two weeks. They can't seem to get it happening. We can't get to a branch, emails seem too difficult for them, they get lost. I've called many times to get it set up but no luck. Can't believe it.

Read full review

I've been trying to set up a Term Deposit for two weeks. They can't seem to get it happening. We can't get to a branch, emails seem too difficult for them, they get lost. I've called many times to get it set up but no luck. Can't believe it.

Price
10/10
Features
10/10
Customer service
1/10
Convenience
1/10
Trust
0/10
Less
Kristin, South Australia, reviewed over 4 years ago
Great Southern Bank Term Deposit
Overall 8/10
Great customer service

The staff are very knowledgeable and friendly. They will provide advice and point you in the right direction.

Read full review

The staff are very knowledgeable and friendly. They will provide advice and point you in the right direction.

Price
8/10
Less
Lynnette, Queensland, reviewed about 7 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