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Term Deposit Accounts

Shielding your funds from the market’s ups and downs.

Term Deposit Accounts

Shielding your funds from the market’s ups and downs.

Hot rates!

Talk to us about rates for other balances, terms and interest payment types. 

4.80% for 5 months

For balances from $1,000 to <$20,000 with interest paid at maturity. 

4.90% for 5 months

For balances from $20,000 <$100,000, with interest paid at maturity.

5.00% for 5 months

For balances from $100,000 to <$1,000,000 with interest paid at maturity.

Term Deposit Rates

Interest paid at maturity

Term$1,000 < $20,000$20,000 < $100,000$100,000 < $1,000,000
3 months4.40%4.50%4.60%
4 months4.60%4.70%4.80%
5 months4.80%4.90%5.00%
6 months4.55%4.65%4.75%
7 months4.20%4.30%4.40%
8 months4.20%4.30%4.40%
9 months4.65%4.75%4.85%
10 months4.65%4.75%4.85%
11 months4.65%4.75%4.85%
12 months4.70%4.80%4.90%
13 months4.60%4.70%4.80%
18 months4.30%4.40%4.50%
24 months4.30%4.40%4.50%
36 months3.80%3.90%4.00%
48 months3.80%3.90%4.00%
60 months3.80%3.90%4.00%

A few reasons you'll love our Fixed Term Deposits

We’re always looking for ways to support you and provide ways to help you level up your finances. From intuitive budgeting tools to seamless setup, Summerland Bank’s Fixed Term Deposits are expertly designed to give you everything you need on the path to financial freedom.

24/7 visibility via app and internet banking

Choice of interest paid monthly or at maturity

Choice of interest paid to your transaction or savings account or capitalised

Minimum balance $1,000

Why choose a Fixed Term Deposit?

At Summerland Bank, we love spending time in the great outdoors. And we like to think about our Fixed Term Deposit Account as planting a seed in a nurtured garden.

Our dedicated and experienced team are here to make sure your hard-earned money gets the care, safety, and sunlight it needs to grow over time. Allowing you to invest funds for a defined period at a guaranteed interest rate, you can relax knowing your funds are secure, and safe from market volatility.

Guaranteed returns

This fixed rate option is designed to give investors like you the peace of mind of secure, predictable returns over a period of time.

No monthly fees

Maximising your savings with no monthly account fees or hidden surprises.

Competitive rates

We offer competitive interest rates for term deposits, enabling your money to grow at a faster pace.

Balances risk

You might have heard of ‘diversification’ — it’s a way to reduce your overall risk by balancing more volatile investments with more stable assets. A fixed term deposit is definitely the latter, helping to minimise your exposure to the market.

Builds good habits

Nothing flexes your discipline muscles like a fixed term deposit. Keeping your money safe and in one place reduces the temptation of the next ‘shiny’ thing.

Choose your time period

Choose a fixed term period that aligns with your financial goals, and get started with a minimum deposit of $1,000, while enjoying competitive interest rates guaranteed.

Fixed Term Deposit Accounts

You can invest with as little as $1,000

Our Fixed Term Deposits are account fee free!

No stress, you can still have access to your money if you need it however there will be an interest penalty. See our fees, charges and transaction limits schedule for details. Fees, Charges & Transaction Limits

 

This is general advice only and may not be right for you. Please read the Financial Services Guide and Privacy Policy and Accounts and Access Facilities & Conditions of Use before making decisions. Target market determination available on request at our branches. For monthly interest payments, the applicable interest rate will be the rate quoted above, less 0.10%p.a.

These rates are effective on the date of publication and are subject to change. Conditions, fees, and eligibility criteria may apply. Terms and Conditions available upon request. Interest rates are expressed as a percentage per annum, and interest is calculated daily unless otherwise stated.

For interest rates on deposits of $1,000,000 or greater please call us.

Ready to get started?

If you’re ready for a braver kind of banking, here are three ways to get started with Summerland Bank.

 

Open an account online

Get started online with your ID at the ready and a quick check of your personal details.

Contact us

Good old-fashioned customer service, the Summerland Bank way.

Visit a branch

Find your closest Summerland Bank branch and our friendly local team will be ready to help.

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