Term Deposit

 Product Features

• Other Additional Information: Your savings are secure: The Government's Financial Claims Scheme guarantees deposits to a cap of $250,000 per account holder

• Other Additional Information: Bonus rates : If you're an existing Bank of Melbourne customer you may be eligible for a bonus rate on top of our standard rates.

• Other Additional Information: Secured Savings: Avoid the temptation to dip into your savings by locking away your savings for a fixed term.

• Other Additional Information: Start small : You can open a Term Deposit with as little as $1,000.

• Other Additional Information: Convenient : Save time and open where you want, when you want.

• Other Additional Information: Secure : Bank of Melbourne guarantees your Internet Banking security with Bank of Melbourne Secure.

• Other Additional Information: Make tax time easy: Find all your documents to download in one place.

• Other Additional Information: Business customers are eligible to open an account and can open account either by Branch, Phone, online.

• Other Additional Information: Opening Confirmation, Maturity, Reinvestment and Repayment advices are sent as regular advices

• Other Additional Information: Choice of terms ranges from 1 to 60 months

• Fraud Protection Additional Information: The product includes limited fraud protection features.

• Relationship Management Additional Information: Relationship management is available for eligible customers.

• Other Additional Information: Internet Banking, Phone Banking, Branch banking , Bank@Post options are available

• Other Additional Information: Interest payment options are available

• Other Additional Information: Add 0.20% p.a. to these rates if you're already with St.George and opening or renewing online. It?s only available to existing customers who bank online and in the app.

• Other Additional Information: Manage your Term Deposit anytime, anywhere : You can update your maturity or renewal instructions online at any time - there's no need to give us a call or visit a branch and you don't need to wait for your Term Deposit to mature. You can also renew online in minutes. You can choose to reinvest, add or withdraw money or change how your interest gets paid. You will also be able to see if you are eligible for a bonus rate on top of our standard rates.

 Product Eligibility

• Min Age - 18.

• Residency Status - Australian Permanent Resident .

 Limitations & Restrictions (Constraints)

• Min Balance of 1000.00 Additional Information: Minimum Opening Balance

 Document Downloads

  savinvestransaccounts-terms.pdf (628.3 KB)