Geelong Bank Regular Income Plus for 3 months
1 termFixed rate
Take advantage of great returns on our term deposits.
- Minimum deposit
- $5,000
- Maximum deposit
- Not published
- Terms offered
- 1
Rate a year, up to
For 3 months
Rates by term
| Term | Amount | Interest paid | Rate a year |
|---|---|---|---|
| 3 months | $500 to $5,000 | Monthly | 3.10% |
| 3 months | $5,000 to $25,000 | Monthly | 3.10% |
| 3 months | $25,000 to $50,000 | Monthly | 3.20% |
| 3 months | $50,000 to $1,000,000 | Monthly | 3.30% |
How it compares
Against the other 3 months term deposits we compare. Typical means the middle half of them.
3 months rate
3.30%
A typical 3 months rate is 4.30%.
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.
Cons
- A lower rate. 3.30% for 3 months, below the typical 4.30%, 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
- 3.25%
- Minimum deposit
- $1,000
- Rate a year
- 3.25%
- Minimum deposit
- $1,000
- Rate a year
- 3.25%
- Minimum deposit
- $5,000
