Term Deposit | Bank of Sydney

Looking for a great rate? Our Term Deposit delivers solid returns.

12 Months (Online Only)* 5.10 % p.a.

Key features

Flexible investment terms, from 1 to 13 months

Invest as little as $1,000

Up to $250,000 guaranteed by the Australian Government Financial Claims Scheme (FCS)

To open a Term Deposit Account

Apply online (for amounts between $1,000 to $1,000,000)
Visit your nearest Branch
Call us on 13 95 00

Term Deposit	Interest Rate
1 month	1.25% p.a.
2 months	1.50% p.a.
3 months	3.85% p.a.
3 months (Online Only)*	4.40% p.a.
4 months	3.50% p.a.
5 months	3.50% p.a.
6 months	5.00% p.a.
6 months (Online Only)*	5.15% p.a.
7 months	3.70% p.a.
8 months	3.70% p.a.
9 months	4.00% p.a.
10 months	3.80% p.a.
11 months	3.80% p.a.
12 months	5.10% p.a.
12 months (Online Only)*	5.10% p.a.
13 months	4.05% p.a.

Fees & Charges
Early Repayment/Withdrawal Fee	$30

Request a call back

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

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 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 to provide alternative instructions in relation to your reinvested funds without incurring an interest reduction penalty.

You can send us instructions via Service Request in Online 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 Service Request via Online Banking.

To send a Service Request via Online Banking:

Log into Bank of Sydney Online Banking via Internet Banking or the Mobile Banking App.
Click ‘Service Requests’ (in the side menu in Internet Banking) or ’Service’ (in the bottom menu in the Mobile Banking App).
Select ‘Generic Service Request’.
Select ‘Term Deposit’ as the Category.
Select ‘Instructions’ as the Type.
Provide a short message (255 characters or less) with your maturity instructions.
(Optional): Provide any documents/attachments to support your request.
Select ‘Proceed’.
Enter the 6-digit security code that was sent to your mobile phone, and click ‘Confirm’.
You will see the ‘Successful’ confirmation screen and reference number when complete.

Alternatively, you can contact us on 13 95 00 or visit a Bank of Sydney branch to let us know of any changes you'd like to make to your Term Deposit.

If you don’t provide us with instructions, we will automatically reinvest your funds for the same term. You then have 7 calendar days to provide alternative instructions in relation to your reinvested funds without incurring an interest reduction penalty.

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.

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.

Everyday Saver

Access your money 24/7 365 days a year with our Everyday Saver transaction account. What’s more, it has no account keeping fees.

BOS Saver

Grow your savings with our BOS Saver Account. It has no honeymoon interest rates or monthly transaction requirements.

Investment Home Loans

With a number of Investment Home Loan options available, you can find the right one for your investment property.

*Rate only available for Term Deposits opened online. 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 and applications must be made via a Bank of Sydney branch or calling 13 95 00.

Interest Rates quoted are calculated on a per annum basis.

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

Please take a moment to read through the below information before applying, as this advice is general and does not take into account specific individual needs.

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.

You do not have to quote your TFN for all or any of your accounts. If you choose not to quote your TFN or eligible exemption, your interest payments may be taxed at the maximum rate. We recommend you obtain your own independent tax advice.

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