Horizon Bank Term Deposit
9 termsFixed rate
Lock away your money with confidence knowing how much you'll earn. Choose from one of our flexible terms on offer, the minimum investment is $1000.
- Minimum deposit
- $1,000
- Maximum deposit
- Not published
- Terms offered
- 9
Rate a year, up to
For 1 year
Rates by term
| Term | Interest paid | Rate a year |
|---|---|---|
| 1 month | At maturity | 2.00% |
| 2 months | At maturity | 2.00% |
| 3 months | At maturity | 4.60% |
| 4 months | At maturity | 4.80% |
| 6 months | At maturity | 4.90% |
| 9 months | At maturity | 5.00% |
| 1 year | At maturity | 5.10% |
| 2 years | Yearly | 4.90% |
| 3 years | Yearly | 4.50% |
Deposit amount on every term: $1,000 to $10,000,000.
How it compares
Against the other 1 year term deposits we compare. Typical means the middle half of them.
1 year rate
5.10%
A typical 1 year rate is 5.25%.
Minimum deposit
$1,000
A typical minimum is $2,000.
Pros and cons
Pros
- Plenty of terms. 9 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.
- Rate a year
- 5.10%
- Minimum deposit
- $2,000
- Rate a year
- 5.05%
- Minimum deposit
- $3,000
- Rate a year
- 5.05%
- Minimum deposit
- $50,000
