Finty
P&N Bank

P&N Bank TD 12-35 Mth (Qrt Int)

1 termFixed rate

Take control of your investment with a term deposit from P&N Bank, offering a guaranteed rate of return and a high level of security.

Written byDavid Boyd
Minimum deposit
$5,000
Maximum deposit
$1,000,000
Terms offered
1

Rate a year, up to

For 12–35 months

Open account

Rates by term

TermInterest paidRate a year
12–35 monthsQuarterly4.20%

Deposit amount on every term: $5,000 to $1,000,000.

How it compares

Against the other 1 year term deposits we compare. Typical means the middle half of them.

1 year rate

4.20%

A typical 1 year rate is 5.25%.

Minimum deposit

$5,000

A typical minimum is $2,000.

Pros and cons

Pros

Nothing stands out.

Cons

  • A lower rate. 4.20% 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.