Great Southern Bank Platinum Plus Term Deposit 12 months (M)
1 termFixed rate
Term Deposit (for customers aged 55 or over) 12 months with interest paid monthly.
- Minimum deposit
- $5,000
- Maximum deposit
- Not published
- Terms offered
- 1
Rate a year, up to
For 11–12 months
Rates by term
| Term | Interest paid | Rate a year |
|---|---|---|
| 11–12 months | Monthly | 5.35% |
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
5.35%
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.
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
- 5.35%
- Minimum deposit
- $1,000
- Rate a year
- 5.35%
- Minimum deposit
- $1,000
- Rate a year
- 5.35%
- Minimum deposit
- $1,000
