Great Southern Bank Platinum Plus 55+
- Interest rate 12 months interest rate
- Up to 4.55% p.a.
- Minimum opening deposit
- $5,000
- Maximum deposit
- $1,000,000
- Maximum balance
- $1,000,000
Summary
The term deposit rates on the Great Southern Bank Platinum Plus 55+ are for people aged 55 and over.
The Great Southern Bank Platinum Plus 55+ is a term deposit for older Australians. You can lock up your money for an agreed term and then earn a fixed rate of interest. The highest rate you can get with this term deposit is 4.55% for the 12-month term.
This rate is one of the highest on the market. But all the other terms are much less competitive. Also, you'll get higher rates if you choose to have interest paid at maturity rather than monthly.
Pros
-
Competitive rate on the 1 year term
-
Minimum deposit of just $5,000
Cons
-
Only for people 55 and over
-
Only the 1 year term is really competitive
Details
Product details
Product Name | Great Southern Bank Platinum Plus 55+ |
12 month interest rate | 4.55% |
24 month interest rate | 4.30% |
36 month interest rate | 3.90% |
48 month interest rate | 3.90% |
60 month interest rate | 3.90% |
Minimum Opening Deposit | $5,000 |
Minimum age requirement | 55 |
Government guarantee | Yes |
Your reviews
Richard Finder
Editor
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