Bendigo Bank Gold Term Deposit
1 termFixed rate
A Bendigo Gold Term Deposit Account is a deposit account that allows a retail client to deposit $2,000 or more into it for a 12 month investment period with interest payable every 3 months at an agreed rate. Funds can be reinvested or withdrawn, however any withdrawal greater than 25% of the value of the initial deposit requires the client to provide notice. Funds released early may attract a reduced interest rate.
- Minimum deposit
- $1
- Maximum deposit
- Not published
- Terms offered
- 1
Rate a year, up to
For 1 year
Rates by term
| Term | Amount | Interest paid | Rate a year |
|---|---|---|---|
| 1 year | $1 to $2,000 | Quarterly | 0.05% |
| 1 year | $2,000 to $5,000,000 | Quarterly | 0.05% |
How it compares
Against the other 1 year term deposits we compare. Typical means the middle half of them.
1 year rate
0.05%
A typical 1 year rate is 5.25%.
Minimum deposit
$1
A typical minimum is $2,000.
Pros and cons
Pros
- A low minimum. You can start with $1.
Cons
- A lower rate. 0.05% 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.
- Rate a year
- 0.01%
- Minimum deposit
- $5,000
- Rate a year
- 0.15%
- Minimum deposit
- $5,000
- Rate a year
- 2.20%
- Minimum deposit
- $5,000
