In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
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Beyond Bank Term Deposit
Interest rate 7 months interest rate
Up to 4.9% p.a.
Minimum opening deposit
$2,000
Account keeping fee
$0
Maximum deposit
$49,999

Summary

You can invest your money for a term length that suits you and earn a fixed interest rate.

When you open a Beyond Bank Term Deposit you can choose a term length from 3 months to 5 years. The fixed interest rate your money earns depends on the amount you invest as well as duration of the term. You can invest as little as $2,000. Your term deposit does not attract any account keeping fees or establishment fees.

Pros

  • No monthly account keeping fee
  • Earn a fixed interest rate
  • Low minimum opening balance

Cons

  • Interest rates are slightly less competitive than some others in the market

In this guide

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

Details

Key details

Product Name Beyond Bank Term Deposit
3 month interest rate 4.35%
6 month interest rate 4.65%
7 month interest rate 4.90%
9 month interest rate 4.55%
12 month interest rate 4.75%
24 month interest rate 4.35%
36 month interest rate 3.95%
48 month interest rate 3.95%
60 month interest rate 3.95%
Minimum Opening Deposit $2,000
Minimum age requirement 13
Government guarantee Yes

Eligibility

Minimum Age Requirement 13
Joint account availability No
Min Deposit $2,000
Available to children Not available for children under 13 years of age

Key features

No account fees

This account does not attract any ongoing account keeping fees, setup or establishment fees.

Minimum investment

The minimum you require to open a Beyond Bank Term Deposit is $2,000.


How to apply

Eligibility

You can open a Beyond Bank Term Deposit by walking into your closest branch, you can submit an online enquiry and you can get started over the phone. To enquire online or to find out where the nearest Beyond Bank branch is, visit the Beyond Bank website. Go through these eligibility criteria before you apply:

  • Minimum age. There is no specified minimum age requirement.
  • Residency requirements. You should be an Australian resident with an Australian residential address.

Your reviews

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Ask a question

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Alison Finder

Editor

Hi there, looking for more information? Ask us a question.

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Misty

April 21, 2022

Hello I want a term deposit with a low deposit amount and able to make monthly deposits but not withdrawal


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Alison Banney Finder

May 12, 2022

Hi Misty,


Are you considering Beyond Bank? If so, the minimum you require to open a Beyond Bank Term Deposit is $2,000. You can withdraw funds from your term deposit before it matures by providing the bank with 31 days’ notice.


Regards,

Alison


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