Finty

Great Southern Bank Standard Rate Term Deposit 2-12 months

11 termsFixed rate

Term Deposit between 2 to 12 months with interest paid monthly.

Written byDavid Boyd
Minimum deposit
$5,000
Maximum deposit
Not published
Terms offered
11

Rate a year, up to

For 11–12 months

Open account

Rates by term

TermInterest paidRate a year
1–2 monthsMonthly3.90%
2–3 monthsMonthly5.00%
3–4 monthsMonthly4.30%
4–5 monthsMonthly4.30%
5–6 monthsMonthly4.45%
6–7 monthsMonthly5.15%
7–8 monthsMonthly3.85%
8–9 monthsMonthly4.55%
9–10 monthsMonthly3.05%
10–11 monthsMonthly4.55%
11–12 monthsMonthly5.25%

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

5.25%

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.
  • Plenty of terms. 11 terms to choose from, so you can match the term to when you'll need the money.

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.