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When the world feels a bit unpredictable, it’s good to choose something that isn’t.

A term deposit gives you a clear return over a fixed period, so you can plan ahead with confidence.

Our 9-month term deposit at 5.10% p.a. (minimum $5,000)* keeps things simple: a competitive, fixed rate that rewards you and supports Tasmanians.

Good for you and good for Tasmania.

When you place your money with Bank of us, you’re doing more than growing your savings.

Your deposits help us fund home loans and support more Tasmanians into homes — strengthening our communities while providing you with a healthy and reliable return.

That’s banking for what comes next.

 

Predictable returns
Know what you’ll earn, and when.

Fixed term
Your savings work steadily over a set period.

Trusted local bank
Proudly supporting Tasmanians for generations.

 

Ready to plan ahead with confidence?

Enquire Contact

How a term deposit gives you certainty

A term deposit lets you invest your savings for a fixed period at an agreed rate of return. That means no market ups and downs, just a clear outcome you can plan around.

It’s a straightforward option for people who value stability, clarity and peace of mind.

Is a term deposit right for you?

A term deposit may suit you if you:

· Prefer predictable returns over market fluctuations

· Want to plan ahead with confidence

· Are looking for a secure way to grow your savings

5
.10P.A. 9 Months

Term deposit

Minimum deposit $5,000. Interest paid at maturity.

Competitive rate 

Fixed term 

Reliable return

Frequently asked questions

What is a term deposit?

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.

Who is a term deposit good for?

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

What happens at the end of 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.

Can I withdraw my money early?

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.

I found some more money, can I add it to my term deposit?

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.

Looking for a sure way to grow your savings?

Enquire Contact us

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.

Find out more

 Learn more about saving and investing…check out our blog

*Rate is for deposits of $5,000 to $500,000. Rates are subject to change. This information does not take into account your personal circumstances and is general advice only. 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

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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