Gateway Bank term deposit
- Interest rate 6 months interest rate
- Up to 5.15% p.a.
- Minimum opening deposit
- $1,000
- Maximum deposit
- $999,999
Summary
Earn a fixed interest rate on a wide choice of terms with a Gateway Bank personal term deposit.
The Gateway Bank term deposit offers a large choice of term lengths between three months and five years. You'll earn a fixed interest rate on your deposit, which means you can have peace of mind knowing exactly what your investment will be worth when the term reaches maturity. There are no set up or ongoing account fees to pay.
Pros
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Large choice of term lengths available
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Small opening deposit required
Cons
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Details
Key details
| Product Name | Gateway Bank Term Deposit |
| 3 month interest rate | 4.90% |
| 4 month interest rate | 0.70% |
| 6 month interest rate | 5.15% |
| 7 month interest rate | 1.20% |
| 9 month interest rate | 2.95% |
| 12 month interest rate | 5.05% |
| 24 month interest rate | 1.60% |
| 36 month interest rate | 1.60% |
| 48 month interest rate | 0.65% |
| 60 month interest rate | 0.65% |
| Minimum Opening Deposit | $1,000 |
| Minimum age requirement | 18 |
| Government guarantee | Yes |
Eligibility
| Minimum Age Requirement | 18 |
| Joint account availability | No |
| Min Deposit | $1,000 |
| Available to children | Not available for children |
Congratulations, Gateway Bank!
Gateway Bank Term Deposit received the highly commended award for 'Term Deposit (12 month)' in the 2024 Banking Product Awards.
Full list of 2024 winnersYour reviews
Alison Finder
Editor
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Alison Banney Finder
February 22, 2023
Hi Jennifer,
You can apply by submitting the application form on Gateway Bank’s website. If you’re not an existing customer you’ll need to supply 2 forms of ID to verify your identity. Plus, you need to be an Australian resident with an Australian residential address.
Thanks,
Alison
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Jennifer Lovell
December 22, 2022
How do i apply for a Term deposit account