Finty
BankVic

BankVic Term Deposit 5 Months

1 termFixed rate

Invest with peace of mind knowing your rate is locked in for the term

Written byDavid Boyd
Minimum deposit
$5,000
Maximum deposit
Not published
Terms offered
1

Rate a year, up to

For 5 months

Open account

Rates by term

TermInterest paidRate a year
5 monthsAt maturity5.00%

Deposit amount on every term: $5,000 to $10,000,000.

How it compares

Against the other 5 months term deposits we compare. Typical means the middle half of them.

5 months rate

5.00%

A typical 5 months rate is 4.25%.

Minimum deposit

$5,000

A typical minimum is $2,000.

Pros and cons

Pros

  • A higher rate. 5.00% for 5 months, above the typical 4.25%, so your money earns more over the term.

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.