Defence Bank Term Deposit 24 months
1 termFixed rate
Fixed Term Deposits start from as little as $1,000, and you can choose terms that work 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 2 years
Rates by term
| Term | Interest paid | Rate a year |
|---|---|---|
| 2 years | Yearly | 5.35% |
Deposit amount on every term: $1,000 to $1,000,000.
How it compares
Against the other 2 years term deposits we compare. Typical means the middle half of them.
2 years rate
5.35%
A typical 2 years rate is 4.50%.
Minimum deposit
$1,000
A typical minimum is $2,000.
Pros and cons
Pros
- A higher rate. 5.35% for 2 years, above the typical 4.50%, 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
- 5.30%
- Minimum deposit
- $5,000
- Rate a year
- 5.30%
- Minimum deposit
- $500
- Rate a year
- 5.30%
- Minimum deposit
- $1,000
