Adelaide Bank Money Market Term Deposit Account

Earn up to 0.3% p.a. interest and enjoy guaranteed returns with an Adelaide Bank Money Market Term Deposit Account.

If you’re looking for consistent, reliable returns on the money you invest, take a look at an Adelaide Bank Money Market Term Deposit Account. With fixed-interest rates as high as 0.3% p.a. Adelaide Bank offers terms ranging from 30 days to 5 years so you can choose the investment period that suits your financial goals. The minimum investment amount is $5,000 and you can choose to have your matured deposit re-invested or transferred to your nominated account.

Alison Banney

Last Updated Dec 30, 2020

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Details

Product Name	Adelaide Bank Money Making Term Deposit Account
3 month interest rate	0.10%
4 month interest rate	0.10%
6 month interest rate	0.25%
7 month interest rate	0.25%
9 month interest rate	0.25%
12 month interest rate	0.30%
24 month interest rate	0.30%
36 month interest rate	0.30%
48 month interest rate	0.30%
60 month interest rate	0.30%
Minimum Opening Deposit	$5,000
Minimum Age Requirement	18

The rates displayed above are interest rates paid at maturity only. We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.

Minimum Age Requirement	18
Joint account availability	No
Min Deposit	$5,000
Available to children	Not available for children

Pros

Interest calculated daily
Offers terms ranging from 30 days to 5 years.
Provide higher interest rates
No monthly fees

Cons

Minimum opening balance of $5,000 is required

Key features

Choice of terms

Adelaide Bank Money Market Term Deposit Accounts are available for the following investment periods: 1 month, 2 months, 3 months, 4 months, 5 months, 6 months, 7 months, 8 months, 9 months, 10 months, 11 months, 1 year, 2 years, 3 years, 4 years or 5 years.

Minimum deposit of $5,000 required

You must invest at least $5,000 to open an account. The maximum deposit allowed is $5 million.

Minimum operating deposit of $5,000

Adelaide Bank needs to approve any withdrawals from your account during the term. However, an interest rate reduction will apply to the withdrawn funds, and you will need to retain a minimum operating deposit of $5,000.

Interest payments

If you select a term of 179 days or less, interest will be paid upon maturity. A monthly interest payment option is available for terms greater than 179 days, while terms above 365 days allow you to select monthly, quarterly, half-yearly or yearly interest payments. If you don't select an interest payment frequency, interest will be paid at maturity or annually.

Statements

Statements on your account are issued per interest payment frequency.

No monthly fees

There are no setup or establishment fees attached to an Adelaide Bank Money Market Term Deposit Account.

Available for:

Individuals, companies, trusts, super funds, partnerships, estates and co-operatives can open term deposit accounts.

Fixed-interest rates

Adelaide Bank Money Market Term Deposit Accounts pay fixed interest on the money you invest, providing guaranteed returns. Interest rates vary depending on the term and interest payment frequency you select as per the table above. Compare other Adelaide Bank products.

Launch term deposit calculator

How to apply

If you like the sound of the features and interest rates offered by Adelaide Bank's Money Market Term Deposit Account, click on one of the "Find out more" links on this page. This will take you to the Adelaide Bank website where you can read the full account terms and conditions. You can then contact Adelaide Bank for details on how to apply.

Eligibility

However, make sure you meet the following criteria before applying to open an account:

Minimum age. You must be at least 18 years of age.
Residency requirements. You must be an Australian resident to apply for an Adelaide Bank Money Market Term Deposit Account.

Depository requirements. A minimum opening deposit of $5,000 is required to open a term deposit.

The Adelaide Bank Money Market Term Deposit Account is certainly worth considering if you want to earn competitive fixed interest on the money you invest. However, before you choose this or any other term deposit, make sure to compare a wide range of options so you find the account that offers the best deal.

Alison Banney

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Alison Banney is the banking and investments editor at Finder. She has written about finance for over 8 years, with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business. She has previously worked at Westpac, and has written for several other major banks including BCU, Greater Bank and Gateway Credit Union. Alison has a Bachelor of Communications from Newcastle University, with a double major in Journalism and Public Relations. She has ASIC RG146 compliance certificates for Financial Advice, Securities and Managed Investments and Superannuation. Outside of Finder, you’ll likely find her somewhere near the ocean.

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Adelaide Bank Money Market Term Deposit Account