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Term Deposit

Young child measuring her height to see how she has grown
Looking to grow your investment? Get a guaranteed return on your investment with a Bank of Sydney Term Deposit
Up to 0.50 % p.a.

Key features

Flexible investment terms, from 1 to 13 months
Invest as little as $ 1,000 or to as much as $1 million
Up to $250,000 guaranteed by the Australian Government Financial Scheme (FCS)

Lock in a high interest Term Deposit, offering a guaranteed return with a fixed and competitive interest rate. Plus, access your money when you need it with no notice of withdrawal required*.

Manage your money easily with an Everyday Saver Account

When you open a Personal Term Deposit, we can open an Everyday Saver Transaction Account for you1. You can use it to access your money at anytime, through Internet Banking and the mobile app. 

Find out more

Enquire

Related Calculators

Fixed Term Deposit

Amount $1,000-$49,999 $50,000-$249,999 $250,000-$1 million
1 Month 0.03% p.a. 0.05% p.a. 0.10% p.a.
2 Months 0.07% p.a. 0.10% p.a. 0.15% p.a.
3 Months 0.35% p.a. 0.35% p.a. 0.35% p.a.
4 Months 0.30% p.a. 0.35% p.a. 0.40% p.a.
5 Months 0.30% p.a. 0.35% p.a. 0.40% p.a.
6 Months 0.45% p.a. 0.45% p.a. 0.45% p.a.
7 Months 0.35% p.a. 0.40% p.a. 0.45% p.a.
8 Months 0.35% p.a. 0.40% p.a. 0.45% p.a.
9 Months 0.35% p.a. 0.50% p.a. 0.50% p.a.
10 Months 0.35% p.a. 0.40% p.a. 0.45% p.a.
11 Months 0.35% p.a. 0.40% p.a. 0.45% p.a.
1 Year 0.45% p.a. 0.45% p.a. 0.45% p.a.
1 Year Monthly Interest Payments n/a 0.25% p.a. 0.25% p.a.
13 Months 0.35% p.a. 0.40% p.a. 0.45% p.a.
Fees & Charges
Early Repayment/Withdrawal $30

Frequently Asked Questions

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, 9:30am – 5pm AEST) to discuss your needs.

During your application, you can specify for one of the following options to take place on maturity:

  • Reinvest your original balance and interest earned
  • Transfer the balance to your linked Everyday Saver transaction account
  • Decide later

If you want to decide later, you can contact us prior to the date of maturity to let us know what you’d like to do on maturity. These are your options:

  • If you’d like to reinvest your Term Deposit balance, there’s no need for you to do anything. Your funds will be automatically reinvested for the same term on the date your Term Deposit matures.
  • Partially reinvest - You can choose an amount you’d like to reinvest, and the term you’d like it invested for. We’ll put any funds not reinvested directly into your Bank of Sydney Transaction account.
  • Increase your investment - You can add additional funds to your investment when your Term Deposit matures.Change the term - At maturity you can reinvest your funds for a new term of between 1 to 13 months.
  • Change the term - at maturity you can reinvest your funds for a new term between 1 to 13 months.
  • You can send us instructions via secure message within Internet Banking, or by calling us on 13 95 00 (Mon – Fri, 9:30am – 5pm AEST).

    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 need to withdraw funds prior to maturity, unlike most other banks we do not require 31 days’ notice. Simply notify us and we can help to arrange the transfer of your funds as per your instructions.

Please note that early redemption of your term deposit will incur a $30 early repayment fee. You may also incur an interest payment reduction. For more information please read the Fees & Charges document.  

 

See all FAQs

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We're here to help

Visit our friendly staff at one of our branches

Find a branch near you

Ask questions or give feedback via our online enquiry form.

Submit enquiry

Talk to our friendly staff between 9:30 am - 5:00 pm (AEST) Monday to Friday on 13 95 00

Call us

For amounts over $1,000,000, please contact us at your nearest branch or call 13 95 00

*Please note that early redemption of your term deposit will incur a $30 early repayment fee. You may also incur an interest payment reduction.

1An Everyday Saver account will not be opened for existing customers taking out this product – the Online Term Deposit will be linked to your existing account

Interest rates quoted are calculated on a per annum basis

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

More information about our product and services is available here.

You don't 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

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