Bank Australia Term Deposit 24 months
1 termFixed rate
The fixed term deposit making a positive difference to more than just your bank balance.
- Minimum deposit
- $500
- Maximum deposit
- Not published
- Terms offered
- 1
Rate a year, up to
For 2 years
Rates by term
| Term | Amount | Interest paid | Rate a year |
|---|---|---|---|
| 2 years | $500 to $1,000,000 | Yearly | 5.40% |
| 2 years | $500 to $3,000,000 | Yearly | 5.40% |
How it compares
Against the other 2 years term deposits we compare. Typical means the middle half of them.
2 years rate
5.40%
A typical 2 years rate is 4.50%.
Minimum deposit
$500
A typical minimum is $2,000.
Pros and cons
Pros
- A higher rate. 5.40% for 2 years, above the typical 4.50%, so your money earns more over the term.
- A low minimum. You can start with $500.
Cons
- 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
- $10,000
- Rate a year
- 5.40%
- Minimum deposit
- $2,000
- Rate a year
- 5.35%
- Minimum deposit
- $1,000
