AWA Alliance Bank Term Deposit Account
Take advantage of zero account-keeping fees and a fixed interest rate of up to 0.45% p.a. with a Term Deposit Account from AWA Alliance Bank.
Whether you’re saving for a home, a holiday or just for a rainy day, an AWA Alliance Bank Term Deposit Account offers a range of features designed to help you reach your savings goal as quickly as possible. With competitive fixed interest rates of up to 0.45% p.a. a Term Deposit Account from AWA allows you to enjoy the security and peace of mind of guaranteed returns.
Up to 0.45% p.a.
12 months interest rate
Minimum opening deposit
Account keeping fee
|Product Name||AWA Alliance Bank Term Deposit|
|3 month interest rate||0.10%|
|4 month interest rate||0.10%|
|6 month interest rate||0.40%|
|7 month interest rate||0.30%|
|9 month interest rate||0.25%|
|12 month interest rate||0.45%|
|24 month interest rate||0.45%|
|Minimum Opening Deposit||$5,000|
|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.|
AWA offers competitive fixed interest rates on all its term deposit accounts. Rates vary depending on the term you choose and are tiered, with higher rates applying to larger investment amounts. The rates listed above are for deposits between $5,000 and $49,999.
Interest calculated daily
Interest on a AWA Alliance Term Deposit Account is calculated daily and credited to your balance at maturity. If you choose a term greater than 12 months, interest is credited annually.
Minimum investment of $5,000
You need to invest at least $5,000 to open an AWA Term Deposit Account.
Choice of terms
There is a wide range of investment terms available, including any number of months from one month to a year, or a two-year term.
No account-keeping fees
There are no ongoing monthly or annual account-keeping fees attached to AWA's range of term deposits.
Tiered interest rates
The table above outlines the interest rates offered for each balance amount.
How to applyIf you're interested in applying for an AWA Term Deposit Account, click one of the "Apply now" links on this page. You will be taken to the AWA Alliance Bank website, where you can check the account terms and conditions and get the ball rolling on your application.
- In branch. Visit an AWA Alliance Bank branch in Portland or Geelong in Victoria, or Mandurah in Western Australia, to receive personalised advice about how to open a Term Deposit Account.
- Online. Fill out an online enquiry form with your name, contact information, preferred contact time and details of the type of account you would like to open.
- Minimum age. No minimum age.
- Residency requirements. You must be an Australian resident to open an account.
- Depository requirements. A minimum investment of $5,000 is required to set up a AWA Term Deposit Account.
If you are looking for a term deposit account that provides competitive interest rates and a wide choice of terms, AWA Alliance Bank is well worth a look. However, before deciding whether it's the right account to help you reach your savings goals, compare the interest rates and features with similar products from a range of other banks and financial institutions.