Rural Bank Term Deposit
- Interest rate 12 months interest rate
- Up to 0.15% p.a.
- Minimum opening deposit
- $500
- Account keeping fee
- $0
Summary
A Rural Bank term deposit offers competitive, tiered interest rates across a large range of term lengths.
Rural Bank offers term deposits with a very wide range of rates and terms. While the rates listed here are quite low, the rates increase if you put a a larger some of money in the account.
Pros
-
Low minimum investment of $500
-
$0 Account keeping fees
-
Wide ranges of terms from from 1 month to 5 years
Cons
-
31 days advance notice required in case of withdrawing funds before maturity
Details
Key details
Product Name | Rural Bank Term Deposit (In branch/phone) - $500+ |
3 month interest rate | 0.05% |
4 month interest rate | 0.05% |
6 month interest rate | 0.10% |
9 month interest rate | 0.10% |
12 month interest rate | 0.15% |
24 month interest rate | 0.15% |
36 month interest rate | 0.15% |
48 month interest rate | 0.15% |
60 month interest rate | 0.15% |
Minimum Opening Deposit | $500 |
Minimum age requirement | 12 |
Government guarantee | Yes |
Eligibility
Minimum Age Requirement | 12 |
Joint account availability | Yes |
Min Deposit | $500 |
Available to children | Not available for children under 12 years of age |
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