Finty
SWSbank

SWSbank 9 Month Term Deposit

1 termFixed rate

A term deposit from SWSbank, paying up to 3.65% a year, with 1 term to choose from.

Written byDavid Boyd
Minimum deposit
Not published
Maximum deposit
Not published
Terms offered
1

Rate a year, up to

For 9 months

Open account

Rates by term

TermAmountInterest paidRate a year
9 months$500 to $10,000At maturity3.65%
9 months$500 to $10,000Monthly3.65%
9 months$10,000 to $50,000At maturity3.65%
9 months$10,000 to $50,000Monthly3.65%
9 months$50,000 to $9,999,999At maturity3.65%
9 months$50,000 to $9,999,999Monthly3.65%

How it compares

Against the other 9 months term deposits we compare. Typical means the middle half of them.

9 months rate

3.65%

A typical 9 months rate is 4.75%.

Pros and cons

Pros

  • Monthly interest. You can have interest paid each month, which suits living off the interest.

Cons

  • A lower rate. 3.65% for 9 months, below the typical 4.75%, 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.