Best rate (up to 1 year)
3.00% p.a.1 year
Minimum deposit
$5,000.00
Interest paid to another bank?
yes

Mozo editorial review Great Southern Bank Term Deposit - last updated: 25 July 2022

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What's hot
  • Interest paid to another bank
  • 3.60% p.a. 5 year rate
What's not
  • Minimum $5,000 deposit
Mozo snapshot

Looking to lock your funds away for a little while? The Great Southern Bank term deposit might be just the place to do it. There are a bunch of term options from 1 month to 5 years, with interest rates up to 3.60% p.a. Plus, there's the option for the interest you make to be paid into another bank account if you choose.


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Key features

Great Southern Bank's term deposit has a range of options when it comes to putting your savings away, whether it be for a short time or a long time. 

Rates start at 0.60% p.a. and go up to 3.60% p.a., depending on which term you choose. 

Depositors can stash anywhere between $5,000 and $1,000,000, and any interest they make on their savings can be paid into another bank account if they wish. 

There is also automatic rollover, so Great Southern Bank will rollover your deposit at the same rate for the same period of time, unless you decide otherwise.

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Who is it good for

This term deposit could be a good option for someone looking to lock away their funds for a short period of time, but still want to receive a competitive rate.

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Any catches

Bear in mind that not all rates on this term deposit are competitive, as the 1 month term only offers a 0.60% rate and you need to deposit at least $5,000 to open the term deposit.

Details

Rates and fees information correct as at 9 August 2022. 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

0.60% p.a. ($5,000 to $1,000,000)

0.75% p.a. ($5,000 to $1,000,000)

1.50% p.a. ($5,000 to $1,000,000)

0.70% p.a. ($5,000 to $1,000,000)

0.70% p.a. ($5,000 to $1,000,000)

2.50% p.a. ($5,000 to $1,000,000)

0.75% p.a. ($5,000 to $1,000,000)

0.75% p.a. ($5,000 to $1,000,000)

2.70% p.a. ($5,000 to $1,000,000)

0.80% p.a. ($5,000 to $1,000,000)

0.80% p.a. ($5,000 to $1,000,000)

3.00% p.a. ($5,000 to $1,000,000)

2.00% p.a. ($5,000 to $1,000,000)

3.30% p.a. ($5,000 to $1,000,000)

3.40% p.a. ($5,000 to $1,000,000)

3.50% p.a. ($5,000 to $1,000,000)

3.60% p.a. ($5,000 to $1,000,000)

Other financial bits

$5,000.00

$1,000,000.00

Features

yes

yes

none

none

Different interest rates apply to different amounts or different interest payment frequencies.

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