Bank of Sydney Term Deposit | Bank of Sydney

Looking for guaranteed returns to help you get another step closer to your money goals?

Lock in your returns with our Term Deposit.

12 Months (Online Only)* 5.30 % p.a.

Key features

Flexible investment terms, from 1 to 13 months

Invest as little as $1,000

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 rest easy knowing that any deposit up to $250,000 for each account holder is covered under the Government's Financial Claims Scheme.

2025 Mozo Experts Choice Award

Enjoy award-winning returns and exceptional customer value with our Term Deposit.

Term Deposit	Annual 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)*	5.20% 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)*	5.30% p.a.
13 months	4.05% p.a.

Fees & Charges
Early Repayment/Withdrawal Fee	$30

Know what your investment is worth

Our handy term deposit calculator can help you easily calculate how much your investment can grow.

Talk to us today

If you have any questions or need any further information, please submit an enquiry via the form below.

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:

Log into Internet Banking by visiting banksyd.com.au
Click on the envelope icon on the top right corner of your home page
Select ‘+ New Message’
Type in your maturity instructions
Send
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.

*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