Alex.Bank Term Deposit - Partners
8 termsFixed rate
Alex gets you a competitive interest rate on your term deposit. Origination via accredited deposit intermediaries only.
5.40%
a year, up to, for 1 year
- Minimum deposit
- $10,000
- Maximum deposit
- Not published
- Terms offered
- 8
Rates by term
| Term | Interest paid | Rate a year |
|---|---|---|
| 6 months | At maturity | 5.10% |
| 9 months | At maturity | 4.75% |
| 1 year | At maturity | 5.40% |
| 1 year | Monthly | 5.30% |
| 18 months | Yearly | 5.00% |
| 18 months | Monthly | 4.90% |
| 2 years | Yearly | 5.00% |
| 2 years | Monthly | 4.90% |
| 3 years | Yearly | 5.00% |
| 3 years | Monthly | 4.90% |
| 4 years | Yearly | 5.00% |
| 4 years | Monthly | 4.90% |
| 5 years | Yearly | 5.00% |
| 5 years | Monthly | 4.90% |
Deposit amount on every term: $10,000 to $250,000.
How it compares
Against the other 1 year term deposits we compare. Typical means the middle half of them.
1 year rate
5.40%
A typical 1 year rate is 5.25%.
Minimum deposit
$10,000
A typical minimum is $2,000.
Pros and cons
Pros
- A higher rate. 5.40% for 1 year, above the typical 5.25%, so your money earns more over the term.
- Monthly interest. You can have interest paid each month, which suits living off the interest.
- Plenty of terms. 8 terms to choose from, so you can match the term to when you'll need the money.
Cons
- A higher minimum. You need at least $10,000, more than the typical $2,000.
- Your money is locked in. Taking it out early usually needs 31 days' notice and earns less interest.
Similar term deposits
Term deposits from other banks that pay a similar rate for the same term.
- Rate a year
- 5.40%
- Minimum deposit
- $1,000
- Rate a year
- 5.40%
- Minimum deposit
- $1,000
- Rate a year
- 5.40%
- Minimum deposit
- $5,000
