Get returns on your terms for your business with a Bank of Sydney Term Deposit.

 

Term Deposit Rates up to 4.00 % p.a.

Key features

Available for Personal use, Partnerships, Trusts, Companies and Self-Managed Super Funds
Invest as little as $1,000
No monthly account fees

Secure your finances with Bank of Sydney

Bank of Sydney is regulated by the Australian Prudential Regulation Authority (APRA) and operates as an Authorised Deposit-Taking Institution (ADI). 

You can have peace of mind knowing that any deposit up to $250,000 for each account holder is covered under the Government's Financial Claims Scheme. 

Business Term Deposit Annual Rate
1 month 1.25% p.a.
2 month 1.50% p.a.
3 month 3.85% p.a.
4 month 3.50% p.a.
5 month 3.50% p.a.
6 month 5.00% p.a.
6 months (Online Only)* 5.20% p.a.
7 month 3.70% p.a.
8 month 3.70% p.a.
9 month 4.00% p.a.
9 months (Online Only)* 4.00% p.a.
10 month 3.80% p.a.
11 month 3.80% p.a.
12 month 5.10% p.a.
12 months (Online Only)* 5.30% p.a.
13 month 4.05% p.a.
Fees & Charges
Early Repayment/Withdrawal Fee $30

 

Relationship Managers that understand your needs

Our dedicated Relationship Managers have a deep understanding of various industries and business types, allowing us to provide you with a better quality of support and guidance. 

 

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Please complete the form below and one of our Relationship Managers will be in touch shortly.

FAQs

Interest is calculated daily from the date funds are deposited into your account, and paid at maturity.

You can open a Term Deposit by visiting any of our branches or submitting an online enquiry. 

When your Term Deposit matures, you have the following options:

  • Reinvest – Your funds will be automatically reinvested for the same term on the date your Term Deposit matures.
  • Partially reinvest – Keep some of your initial funds invested while withdrawing the rest. We’ll place any funds not reinvested into your Everyday Saver Account.
  • Increase your investment – Add additional funds to your investment for greater returns.
  • Change the term – Invest your funds for a new term of between 1 to 13 months.
  • Withdraw your investment – Withdraw all of your funds.
  • If you don’t provide us with instructions, we will automatically reinvest your funds for the same term. You then have 7 calendar days (5 business days) to provide alternative instructions in relation to your reinvested funds without incurring an interest reduction penalty.

You can send us instructions via secure message within Internet Banking, or by calling us on 13 95 00.

All investments and reinvestments are subject to the interest rate applicable on the date your Term Deposit matures. You can click here to view our current rates.

The easiest way to provide your Term Deposit maturity instructions to Bank of Sydney is by sending a Secure Message in Internet Banking.

To send a secure message in Internet Banking:

  1. Log into Internet Banking by visiting banksyd.com.au
  2. Click on the envelope icon on the top right corner of your home page
  3. Select ‘+ New Message’
  4. Type in your maturity instructions 
  5. Send 
  6. Confirm via SMS or push notification

Please note this function is only available on Internet Banking, and not via the mobile app.

We’ll send you a Notice of Renewal prior to your maturity date. If you don’t provide us with instructions after this notice is received, we’ll automatically reinvest your funds for the same term and at the rate applicable on that day. You have a 7 day (5 business day) period from the date of maturity in which you can make partial changes to your Term Deposit (inclusive of partial withdrawals) at no additional cost.

If you would like to withdraw funds from your account before maturity, you will need to provide Bank of Sydney at least 8 calendar days’ advance notice to withdraw your funds.

The 8 days’ notice period starts on the date you provide the written instructions to let us know you would like to withdraw your funds early. Your funds will be disbursed according to your selected method on the 9th day following your early repayment request.

For existing accounts, the early redemption notice period applies if you have reinvested your Term Deposit from 15 December 2021.

Early repayments attract an administration fee and a reduction in the return generated for the depositor. Please refer to the General Banking Fees & Charges Guide for information on how the reduction amount is calculated.

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Talk to one of our friendly staff Mon-Fri (Excluding Public Holidays).

Call 13 95 00

The minimum deposit amount for the Bank of Sydney Term Deposit is $1,000. For deposits above $1,000,000 rates are available upon request. For more information please call us on 13 95 00. Term Deposit Interest Rates quoted for all terms are calculated on a per annum basis and are subject to change without notice.

This is general information only, please take a moment to read through disclosure documents before applying.

General Banking Fees & Charges
Deposit, Saving & Transaction Accounts PDS

Target Market Determination (TMD) for these products is available here.

More information about our product and services is available here.

Bank of Sydney is covered by the Australian Government Financial Claims Scheme (FCS) for amounts up to $250,000 per account holder. For more information about the FCS go to www.fcs.gov.au