Defence Bank Term Deposit 10 month
1 termFixed rate
Fixed Term Deposits start from as little as $1,000, and you can choose a range of terms that works for you between 30 days and 24 months.
- Minimum deposit
- $1,000
- Maximum deposit
- $1,000,000
- Terms offered
- 1
Rate a year, up to
For 10 months
Rates by term
| Term | Interest paid | Rate a year |
|---|---|---|
| 10 months | At maturity | 5.40% |
Deposit amount on every term: $1,000 to $1,000,000.
How it compares
Against the other 10 months term deposits we compare. Typical means the middle half of them.
10 months rate
5.40%
A typical 10 months rate is 4.30%.
Minimum deposit
$1,000
A typical minimum is $2,000.
Pros and cons
Pros
- A higher rate. 5.40% for 10 months, above the typical 4.30%, 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.
- Rate a year
- 5.40%
- Minimum deposit
- $5,000
- Rate a year
- 5.40%
- Minimum deposit
- $5,000
- Rate a year
- 5.35%
- Minimum deposit
- $5,000
