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Great Southern Bank Business+ Term Deposit

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Summary

Get a fixed interest rate on your business funds with a choice of term lengths from 1 to 12 months.

The Great Southern Bank Business+ Term Deposit is for business customers who are looking for a guaranteed, fixed return on their cash.
You can choose a term length to suit you between 1 and 12 months, with interest paid at maturity. You must deposit at least $5,000 to open this term deposit.

Pros

  • Fixed interest rates
  • Invest for as little as 1 month at a time
  • No fees

Cons

  • No terms above 12 months
  • Minimum deposit of $5,000

In this guide

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

Details

Product details

Product Name Great Southern Bank Business+ Term Deposit
3 month interest rate 4.05%
4 month interest rate 4.00%
6 month interest rate 3.80%
7 month interest rate 4.10%
9 month interest rate 4.05%
12 month interest rate 4.05%
Minimum Opening Deposit $5,000
Minimum age requirement 18
Government guarantee Yes

Key features

Range of term lengths

There are a range of term lengths available between 1 and 12 months at a time. While there aren't any terms longer than 12 months available, you can choose to reinvest into a new term when yours ends if you want to.

Fixed interest rates

All the interest rates available are fixed rates, meaning once you open the account the rate will be locked in for the length of the term.

Deposits of $5,000+

You must deposit at least $5,000 to open this term deposit account.

Interest paid at maturity

You'll be paid your interest at the end of the term when it reaches maturity.

How to apply

You can open this account online in minutes.

Eligibility

  • You must be at least 18
  • You must be an Australian resident
  • You must have a valid ABN
  • You must provide an Australian phone number and email address
  • You must provide at least one form of ID such as a passport, driver's licence or Medicare card.
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Alison Finder

Editorial Manager, Money

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Alison Banney

Editorial Manager, Money

Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full profile

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