In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
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BankSA Term Deposit
Interest rate 12 months interest rate
Up to 4.3% p.a.
Minimum opening deposit
Account keeping fee
Maximum deposit


Earn a competitive interest rate on your BankSA term deposit with $0 setup or account-keeping fees.

A BankSA term deposit offers a range of terms from 1 month to 5 years. You can get started with a small investment amount of $1,000 or more, up to $2,000,000. You can choose when and how you'd like to receive your interest payments.


  • Low minimum investment of
  • $0 Account keeping fees
  • Wide ranges of terms from 1 month to 5 years


  • 31 days advance notice required in case of withdrawing funds before maturity

In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question


Key details

Product Name BankSA Term Deposit
3 month interest rate 3.55%
4 month interest rate 3.60%
6 month interest rate 3.80%
7 month interest rate 3.85%
9 month interest rate 4.05%
12 month interest rate 4.30%
24 month interest rate 4.05%
36 month interest rate 4.05%
48 month interest rate 4.05%
60 month interest rate 4.05%
Minimum Opening Deposit $1,000
Minimum age requirement 18
Government guarantee Yes


Minimum Age Requirement 18
Joint account availability Yes
Min Deposit $1,000
Available to children Not available for children

Key features

SPECIAL OFFER: 4.90% for 12-23 months

If you are a new customer and open a new term deposit account or if you are an existing customer and renew your term deposit account, you will enjoy 4.80% for 12-23 months on deposit from $1,000 to $5,000,000 with interest paid on maturity or monthly. This offer is available for a limited time and other terms and conditions apply.

Plus, you can get an additional bonus rate of 0.10% p.a. if you open or renew your term deposit online - bringing your fixed interest rate to 4.90% p.a.

Minimum investment amount of $1,000

Open a new term deposit with as little as $1,000. Or, you can invest as much as $2,000,000.

Terms from 1 month to 5 years

You can choose between a rage of term lengths between 1 month to 5 years, depending on how long you want to lock your money away.

Launch term deposit calculator

How to apply

You can open this term deposit account online.


  • You're at least 18 years old
  • You're a permanent resident of Australia
  • You wish to invest at least $1,000

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