Make the most of your unused foreign currency funds by growing them in a term deposit.
| Amount | $5,000 - 49,999 | $50,000 - 99,999 | $100,000 - 249,999 | $250,000+ |
|---|---|---|---|---|
| 1 Month | 0.01% p.a. | 0.01% p.a. | 0.02% p.a. | 0.05% p.a. |
| 2 Months | 0.02% p.a. | 0.02% p.a. | 0.05% p.a. | 0.10% p.a. |
| 3 Months | 0.05% p.a. | 0.05% p.a. | 0.10% p.a. | 0.15% p.a. |
| 6 Months | 0.05% p.a. | 0.05% p.a. | 0.10% p.a. | 0.15% p.a. |
| 12 Months | 0.10% p.a. | 0.10% p.a. | 0.15% p.a. | 0.20% p.a. |
| Amount | $5,000 - 49,999 | $50,000 - 99,999 | $100,000 - 249,999 | $250,000+ |
|---|---|---|---|---|
| 1 Month | 0.00% p.a. | 0.00% p.a. | 0.00% p.a. | 0.00% p.a. |
| 2 Months | 0.00% p.a. | 0.00% p.a. | 0.00% p.a. | 0.00% p.a. |
| 3 Months | 0.00% p.a. | 0.00% p.a. | 0.00% p.a. | 0.00% p.a. |
| 6 Months | 0.00% p.a. | 0.00% p.a. | 0.01% p.a. | 0.01% p.a. |
| 12 Months | 0.00% p.a. | 0.00% p.a. | 0.01% p.a. | 0.01% p.a. |
| Amount | $5,000 - 49,999 | $50,000 - 99,999 | $100,000 - 249,999 | $250,000+ |
|---|---|---|---|---|
| 1 Month | 0.01% p.a. | 0.01% p.a. | 0.02% p.a. | 0.03% p.a. |
| 2 Months | 0.01% p.a. | 0.01% p.a. | 0.02% p.a. | 0.03% p.a. |
| 3 Months | 0.02% p.a. | 0.02% p.a. | 0.03% p.a. | 0.05% p.a. |
| 6 Months | 0.05% p.a. | 0.05% p.a. | 0.07% p.a. | 0.10% p.a. |
| 12 Months | 0.10% p.a. | 0.10% p.a. | 0.12% p.a. | 0.15% p.a. |
| Fees | |
|---|---|
| Early Repayment/Withdrawal Fee | $30 |
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.
When your Term Deposit matures, you have the following options:
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.
If you’re applying for a Term Deposit with two or more applicants, any one of the applicants will be able to operate the account on their own (also known as ‘Either to sign’ operation). This means that any account holder can transact on the account without the permission of other account holders.
If you’d like a different mode of operation applied to your new account, please contact us on 13 95 00 (Mon-Fri, 9am-5pm AEST) to discuss your needs.
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.
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.
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