In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other term deposit accounts
  • Your reviews
  • Ask a question
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IMB Term Deposit

IMB Term Deposit
Interest rate 6 months interest rate
Up to 2% p.a.
Minimum opening deposit
$1,000
Account keeping fee
$0

Summary

You can lock in a fixed interest rate on deposits between $1,000 and $4,999.99

These fixed interest rates are for deposits between $1,000 and $4,999.99. You can choose a term length from 1 month to 5 years, and also choose how often you'd like to receive your interest payments.

Pros

  • Terms from 1 month to 5 years
  • Small opening deposit of $1000
  • Choose when to receive interest

Cons

  • Lower rates than others in the market

In this guide

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

Details

Key details

Product Name IMB Term Deposit
3 month interest rate 1.25%
4 month interest rate 1.25%
6 month interest rate 2.00%
7 month interest rate 2.00%
9 month interest rate 2.00%
12 month interest rate 2.00%
24 month interest rate 2.00%
36 month interest rate 2.00%
48 month interest rate 2.00%
60 month interest rate 2.00%
Minimum Opening Deposit $1,000
Minimum age requirement 18
Government guarantee Yes

Eligibility

Minimum Age Requirement 18
Joint account availability Yes
Min Deposit $1,000
Available to children Not available for children

Key features

No monthly fees

You won't be charged any monthly fees.

$1,000 minimum deposit amount

You must have at least $1,000 available to invest into a term deposit account. The rates above are for deposits between $1,000 and $4,999.99. If you've got more to invest, higher interest rates are available.


How to apply

In order to be able to open an IMB Term Deposit through the bank's website, you must have another deposit account with IMB that is not a term deposit or one with restrictions on withdrawals. Other applicants will need to visit a branch or fill out an online enquiry form in order to open a term deposit with IMB.

Although IMB is a customer owned financial institution, you do not need to fill out an additional application in order to become a member. By applying for any account with them, you are automatically becoming a member.

Eligibility

  • Minimum age. While IMB does not specifically have a minimum age requirement for a term deposit holder, you will want to check with the institution before applying if you are under the age of 18.
  • Residency requirements. As of now, membership is restricted to Australian residents living in Victoria, Queensland, South Australia, and The Australian Capital Territory.

Compare other term deposit accounts

Name 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a.
MyState Bank Online Term Deposit
$5,000 min. deposit$50,000,000 max. deposit
3 Mths p.a.
2.50%
4 Mths p.a.
4.20%
5 Mths p.a.
4.40%
6 Mths p.a.
4.60%
7 Mths p.a.
5.00%
12 Mths p.a.
4.80%
24 Mths p.a.
3.95%
Go to siteMore Info
ING Term Deposit
$10,000 min. deposit
3 Mths p.a.
4.75%
4 Mths p.a.
4.75%
5 Mths p.a.
-
6 Mths p.a.
4.85%
7 Mths p.a.
4.65%
12 Mths p.a.
4.90%
24 Mths p.a.
4.50%
Go to siteMore Info
Judo Bank Term Deposit
Finder Award$1,000 min. deposit
3 Mths p.a.
4.85%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
5.10%
7 Mths p.a.
-
12 Mths p.a.
5.10%
24 Mths p.a.
4.85%
Go to siteMore Info
Newcastle Permanent Term Deposit
$1,000 min. deposit
3 Mths p.a.
3.50%
4 Mths p.a.
3.50%
5 Mths p.a.
3.50%
6 Mths p.a.
4.60%
7 Mths p.a.
3.80%
12 Mths p.a.
4.50%
24 Mths p.a.
4.00%
Go to siteMore Info
BCU Term Deposit
$1,000 min. deposit$999,999 max. deposit
3 Mths p.a.
4.40%
4 Mths p.a.
3.70%
5 Mths p.a.
3.40%
6 Mths p.a.
4.70%
7 Mths p.a.
4.00%
12 Mths p.a.
4.50%
24 Mths p.a.
4.40%
Go to siteMore Info
Community First Bank Term Deposit
$5,000 min. deposit$99,999 max. deposit
3 Mths p.a.
4.20%
4 Mths p.a.
4.20%
5 Mths p.a.
4.20%
6 Mths p.a.
4.45%
7 Mths p.a.
4.45%
12 Mths p.a.
4.70%
24 Mths p.a.
4.75%
Go to siteMore Info
Bankwest Term Deposit
$1,000 min. deposit$10,000,000 max. deposit
3 Mths p.a.
3.75%
4 Mths p.a.
3.00%
5 Mths p.a.
3.00%
6 Mths p.a.
4.25%
7 Mths p.a.
4.00%
12 Mths p.a.
4.75%
24 Mths p.a.
4.40%
Go to siteMore Info
Community First Bank Term Deposit - $100,000+
$100,000 min. deposit$1,000,000 max. deposit
3 Mths p.a.
4.25%
4 Mths p.a.
4.25%
5 Mths p.a.
4.25%
6 Mths p.a.
4.50%
7 Mths p.a.
4.50%
12 Mths p.a.
4.75%
24 Mths p.a.
4.80%
Go to siteMore Info
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