Calculate your earnings
p.a.
Minimum investment $5,000. Interest is calculated daily on whole balances. To receive the Platinum Plus rates, the account owner of the term deposit must be either an individual aged 55 years or over, or a Super Fund/Trust, where the Trustee is an individual aged 55 years or over.
Term deposits explained
Frequently asked questions about term deposits.
Interest is calculated daily on your whole term deposit balance. It is paid monthly or at maturity depending on the payment frequency you select. If your term is longer than one year, interest can be paid monthly or annually. You can use the term deposit calculator above to discover how much you could earn on your investment. |
The exact interest rate will depend on the length of your term and the type of term deposit account you have, however interest rates for term deposits are often higher for longer terms. Our term deposit calculator can help you compare your return on investment for individual terms.
We offer many different options, from a short one-month stint to a five-year investment.
When deciding on a term we recommend you consider your personal situation, savings goals and when you want to access to your funds. It’s also important to note that your term length will affect the interest rate you receive. You can browse our term deposits and compare rates here.
Popular terms
Minimum investment $5,000. For deposits of 1 year or less, interest paid at maturity. Over 1 year, interest paid annually.
Saving for a home deposit or something extra special? Get a competitive interest rate to help you save smarter.
Rate current as at 10 December 2024 and subject to change.
Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL 238317. Conditions, fees and charges apply. This is general information and does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information, including the Terms & Conditions (T&Cs) booklet, before acting on it. The Financial Claims Scheme may apply to this product; refer to the T&Cs for more information.
Deposits up to $250,000 per account holder are guaranteed by the Federal Government under the Financial Claims Scheme.
Not sure which account is right for you? Compare term deposits