In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
Bendigo Bank Term Deposit - $5,000+
Interest rate 12 months interest rate
Up to 4.90% p.a.
Minimum opening deposit
$5,000
Account keeping fee
$0
Maximum deposit
$5,000,000

Summary

Lock in a fixed rate on a range of term lengths between 1 month and 5 years for deposits of $5,000 or more. 

Pros

  • Large range of term lengths available
  • No fees
  • Available for large deposits

Cons

  • Must have $5000 or more to open an account

In this guide

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

Details

Key details

Product Name Bendigo Bank Term Deposit - $5,000+
3 month interest rate 2.75%
4 month interest rate 3.60%
6 month interest rate 4.70%
7 month interest rate 3.15%
9 month interest rate 3.20%
11 month interest rate 3.30%
12 month interest rate 4.90%
24 month interest rate 4.50%
36 month interest rate 3.00%
48 month interest rate 3.00%
60 month interest rate 3.00%
Minimum Opening Deposit $5,000
Minimum age requirement 18
Government guarantee Yes

Eligibility

Minimum Age Requirement 18
Joint account availability Yes
Min Deposit $5,000
Available to children Not available for children

Key features

Short and long terms available

You can choose how long you'd like to lock your funds away, from short terms through to multi-year terms. The rate for each term is shown in Key details above.

Fixed interest rate

You'll earn a fixed interest rate on the term of your choice for the life of the term. This means the rate won't change until your term comes to an end, making it easy to plan your exact return on investment.

Minimum and maximum deposit

You need to invest at least $5,000 in this term deposit. The maximum deposit is shown in Key details above.

If you don't have enough to deposit in this account, Bendigo Bank also offers a term deposit for smaller balances.


How to apply

Check you meet the following eligibility criteria, and make sure you have the necessary documents handy.

Eligibility

  • You're over 18 years of age
  • You're an Australian citizen or resident
  • You're investing at least $5,000

Compare other products from Bendigo Bank

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Alison Finder

Editorial Manager, Money

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