Finty

Great Southern Bank Platinum Plus Term Deposit 13-60 Months

15 termsFixed rate

Term Deposit (for customers aged 55 or over) between 13-60 months with interest paid annually.

Written byDavid Boyd
Minimum deposit
$5,000
Maximum deposit
Not published
Terms offered
15

Rate a year, up to

For 5 years

Open account

Rates by term

TermInterest paidRate a year
12–13 monthsYearly2.40%
13–14 monthsYearly2.40%
14–15 monthsYearly2.40%
15–16 monthsYearly2.40%
16–17 monthsYearly2.40%
17–18 monthsYearly3.30%
18–19 monthsYearly2.40%
19–20 monthsYearly2.40%
20–21 monthsYearly2.40%
21–22 monthsYearly2.40%
22–23 monthsYearly2.40%
23–24 monthsYearly4.35%
3 yearsYearly5.10%
4 yearsYearly5.10%
5 yearsYearly5.45%

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

2.40%

A typical 1 year rate is 5.25%.

Minimum deposit

$5,000

A typical minimum is $2,000.

Pros and cons

Pros

  • Plenty of terms. 15 terms to choose from, so you can match the term to when you'll need the money.

Cons

  • A lower rate. 2.40% 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.