Finty
Bendigo Bank

Bendigo Bank Cash Solutions Term Deposit

16 termsFixed rate

A term deposit offered exclusively through accredited Financial Planners and Custodians, with each partner offering individual pricing.

Written byDavid Boyd
Minimum deposit
$5,000
Maximum deposit
Not published
Terms offered
16

Rate a year, up to

For 2 years

Open account

Rates by term

TermInterest paidRate a year
1 monthAt maturity0.90%
2 monthsAt maturity1.10%
3 monthsAt maturity2.80%
4 monthsAt maturity2.10%
5 monthsAt maturity2.20%
6 monthsAt maturity3.25%
6 monthsMonthly3.20%
7 monthsAt maturity2.50%
7 monthsMonthly2.47%
8 monthsAt maturity2.60%
8 monthsMonthly2.57%
9 monthsAt maturity2.90%
9 monthsMonthly2.86%
10 monthsAt maturity2.80%
10 monthsMonthly2.76%
11 monthsAt maturity2.90%
11 monthsMonthly2.86%
1 yearAt maturity3.50%
1 yearEvery 6 months3.47%
1 yearMonthly3.45%
1 yearQuarterly3.45%
2 yearsYearly3.85%
2 yearsEvery 6 months3.81%
2 yearsQuarterly3.80%
2 yearsMonthly3.78%
3 yearsYearly3.85%
3 yearsEvery 6 months3.81%
3 yearsQuarterly3.80%
3 yearsMonthly3.78%
4 yearsYearly3.85%
4 yearsEvery 6 months3.81%
4 yearsQuarterly3.80%
4 yearsMonthly3.78%
5 yearsYearly3.85%
5 yearsEvery 6 months3.81%
5 yearsQuarterly3.80%
5 yearsMonthly3.78%

Deposit amount on every term: From $5,000.

How it compares

Against the other 1 year term deposits we compare. Typical means the middle half of them.

1 year rate

3.50%

A typical 1 year rate is 5.25%.

Minimum deposit

$5,000

A typical minimum is $2,000.

Pros and cons

Pros

  • Monthly interest. You can have interest paid each month, which suits living off the interest.
  • Plenty of terms. 16 terms to choose from, so you can match the term to when you'll need the money.

Cons

  • A lower rate. 3.50% for 1 year, below the typical 5.25%, so you'd likely earn more elsewhere.
  • 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.