In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question
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Great Southern Bank Term Deposit Account

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Great Southern Bank Term Deposit Account
Interest rate 5 months interest rate
Up to 5.1% p.a.
Minimum opening deposit
$5,000
Account keeping fee
$0
Maximum deposit
$1,000,000

Summary

Plan your financial future by locking down your money in a competitive, fixed-rate term deposit with Great Southern Bank.

You'll know ahead of time what the return on your investment will be with a fixed-rate term deposit from Great Southern Bank, helping you plan and meet future savings goals. The terms of the account are also really flexible; you can choose a term length from one month to five years, and you can get started from just $5,000.

Pros

  • $0 monthly service fees
  • $0 application fee required
  • Terms from one month to five years in length
  • Competitive interest rates for longer terms

Cons

  • Minimum deposit of $5,000 needed

In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question

Details

Key details

Product Name Great Southern Bank Term Deposit Account
3 month interest rate 4.65%
4 month interest rate 2.95%
6 month interest rate 4.90%
7 month interest rate 3.05%
9 month interest rate 4.75%
12 month interest rate 4.85%
24 month interest rate 4.40%
36 month interest rate 3.80%
48 month interest rate 3.80%
60 month interest rate 3.80%
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

No monthly account keeping fees

No account keeping fees will be deducted from your balance.

Terms from one month to five years

This account offers a huge range of term lengths to choose between, from just one month to five years.


How to apply

If you've compared your options and believe the Great Southern Bank Term Deposit is right for you, you can open an account online in less than 15 minutes. If you're not a Great Southern Bank customer you'll need to become a member before you can open an account. But don't worry, this will be done for you when you submit your application for this product.

Before you begin the application, make sure you meet the following eligibility requirements and have the necessary documents ready.

Eligibility

  • Minimum age. Only applicants aged 18 or older will be allowed to open a term deposit.
  • Residency requirements. This account is only available for permanent Australian residents.

Compare other savings accounts

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Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
Rabobank High Interest Savings Account
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Ubank High Interest Save Account
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  • Deposit $500
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Bank of Queensland Simple Saver Account
Maximum Variable Rate p.a.
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Newcastle Permanent Online Savings Account
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ING Savings Accelerator ($150,000 - $500,000)
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  • Welcome rate applies up to $500K
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Macquarie Savings Account
Maximum Variable Rate p.a.
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Standard Variable Rate p.a.
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4 months
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Monthly Max Rate Conditions
  • Balances up to $250,000
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ING Savings Maximiser
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Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.55%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 transactions
  • Grow your balance
  • Balances up to $100,000
Go to siteView details
Eligible customers can receive $50 cashback when they open an Orange Everyday and a Savings Maximiser account together before 31st July 2024. Customers must make 5 settled transactions and keep the accounts active for 60 days from opening.
ME HomeME Savings Account
Maximum Variable Rate p.a.
5.55%
Standard Variable Rate p.a.
0.55%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $2000
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First Option Bank Savings+Bonus Account
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
2.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $100
  • No withdrawals
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IMB Reward Saver Account
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $50
  • No withdrawals
  • Balances up to $1,000,000
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BCU Bonus Saver
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
1.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
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Alison Finder

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Chris

June 06, 2023

Can you please email application form for SMSF Term deposit with individual trustees


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Sarah Megginson Finder

June 28, 2023

Hi Chris,


We’re not directly affiliated with Great Southern, we are a review site so we’re not in a position to provide customer support. You’ll need to contact them directly to access this form.


Best of luck.


Avatar

Michelle

August 23, 2019

Hi interested in term deposit for 12 months for 200,000. Can you tell me if you have to set up an everyday account Eg with conditions to spend x amount a monthetc to invest this money with CUA


Avatar

Nikki Angco

August 24, 2019

Hi Michelle,


Thanks for leaving an inquiry about CUA Term Deposit on our page. When you open a CUA Term Deposit, you don’t need to set up an everyday transaction with no monthly account keeping fees or an application fee, your savings won’t be reduced by unnecessary costs.


As a friendly reminder, review the eligibility criteria, fees, interest rates, and terms & conditions of this account before applying. You may also contact the bank should you have any questions about their product.


Best,

Nikki


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Therese

August 06, 2019

Is CUA government guaranteed?


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Jeni Finder

August 06, 2019

Hi Therese,


Thank you for getting in touch with Finder.


Yes, Credit Union Australia (CUA) is included in the Australian Government Guarantee Scheme.


I hope this helps.


Thank you and have a wonderful day!


Cheers,

Jeni


Avatar

Bill

November 11, 2017

Can I take part of my fixed term deposit before maturaty for financial reasons


Avatar

Arnold

November 11, 2017

Hi Bill,


Thanks for your inquiry


The page above states that for term deposits of two years or less, an early withdrawal will only be allowed at the discretion of CUA. If approved, adjustments will be made in the interest rate to reflect the change in terms. For term deposits greater than two years, your funds are available to you when needed with no penalty or interest reduction.


Hope this information helps


Cheers,

Arnold


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Avatar

Bob

July 10, 2017

Just renewed $250,000 term deposit for 12 months at a rate of @.70%. According to the above the rate is 2.60% for 12 months. However, being a platinum member with an investment for 12 months the rate should be 2.75%. Is this correct?


Avatar

Jonathan

July 11, 2017

Hello Bob!


Thanks for the inquiry! :)


For Platinum Plus Members (55+), 1 year Rate with interest on maturity / annually is 2.70%. You can visit their website and look for CUA Term Deposit Rates.


Hope this clarifies.


Cheers,

Jonathan


Go to site