Saving
You know about saving, now say hello to investing!
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Great new offer
As a Tasmanian bank, we’re here to help Tasmanians feel confident about their money, whatever stage of life they’re in.
When you’re looking for sharp term deposit rates, a Bank of us term deposit gives your savings a boost — and it helps us lend to more Tasmanians. Our 6-month term deposit at 4.25% p.a. (minimum $5,000)* keeps things simple: a solid, competitive rate that rewards you and helps others.
If six months isn’t quite the right fit, you can compare term deposit rates across our full range. We offer flexible terms and fixed term deposit interest rates designed to help your savings grow your way.
Lock in a great start to 2026 with our new term deposit rate
Lock in 4.25% p.a. for 6 months* and feel good knowing your money is working a little harder for your future — and for a stronger Tasmania. If you’re comparing term deposit rates, we’re here with options that make sense for Tasmanians. We’re not just a bank for the here and now.
We’re for what comes next.
4
.25P.A.
6 Months
Term deposit
Minimum deposit $5,000. Interest paid at maturity.
A term deposit is a type of investment that involves depositing a specific amount of money for a predetermined period, known as a term. During this period, your money earns a fixed interest rate which is typically higher than a regular savings account. At the end of the term, you receive your initial deposit along with the accumulated interest.
Bank of us fixed term deposits could be right for you if:
- You have a minimum of $5000 to invest
- You need a secure, guaranteed return over a set period (term)
- You don’t need to access your funds during the selected fixed term
A term deposit is not suitable if you:
- Require access to your funds during the term
On the maturity date of your term deposit, you can have access to both the principal and interest that you’ve earned. You can choose to re-invest for a further term or not.
Withdrawals may be permitted at our discretion but the amount of interest you receive will be reduced. If you need to make withdrawals, you might want to consider a savings account instead.
If you withdraw less than 7 days after investment, no interest will be paid. Check out our Summary of Accounts, Availability of Access Facilities and Transaction Limits for more details.
No. You’re not able to deposit more to the term deposit account during the term. You might wish to put additional funds into a savings account until the term deposit matures, then you can add your funds.
Government Guaranteed
All deposits with Bank of us are covered by the Australian Government’s Financial Claims Scheme.
Giving you peace of mind that your deposits are covered up to $250,000 per account holder.
Learn more about saving and investing…check out our blog
*Please note this information does not take into account your personal circumstances and is general advice only. Rates are subject to change. Before opening any Bank of us account, please read the Account & Access Facility Conditions of Use, Summary of Accounts, Availability of Access Facilities and Transaction Limits and our Schedule of Fees and Charges and decide if the account is right for you. Bank of us is a trading name of B&E Ltd ABN 32 087 652 088 AFSL & Australian Credit Licence 236870.
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Bank of us acknowledges and pays respect to the palawa - Tasmanian Aboriginal people - as the traditional owners of all the lands and waters. And we pay our respects to Elders past, present and emerging for they hold the knowledge, memories and culture of Aboriginal people in lutruwita/ Tasmania.
Bank of us is a trading name of B&E Ltd
ABN: 32 087 652 088
AFSL & Australian Credit Licence: 236870
BSB: 632 001
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