In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
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Teachers Mutual Bank Edvest Term Deposit

Teachers Mutual Bank Edvest Term Deposit
Interest rate 12 months interest rate
Up to 4.8% p.a.
Minimum opening deposit
$1,000
Account keeping fee
$0
Maximum deposit
$499,999

Summary

Teachers Mutual Bank’s Edvest Term Deposit offers teachers an opportunity to build wealth and financial security.

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With as little as $1,000 to get started, this term deposit account delivers a fixed rate of return and no accounting fees, so you can make a planned investment for the nominated period. Exclusive to Edvest members, this account is available for periods of three to 36 months, with free internet and phone account management the entire time. For deposits of $1,000 or more, you can enjoy competitive interest rates.

Pros

  • Enjoy peace of mind with a fixed rate and safe investment
  • Know what your investment is worth at any time
  • Receive additional benefits and discounts from Edvest membership
  • Invest as little as $1,000 or as much as $499,999

Cons

  • Requires Edvest membership
  • Early withdrawal fees apply

In this guide

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

Details

Key details

Product Name Teachers Mutual Bank Edvest Term Deposit
3 month interest rate 3.55%
4 month interest rate 3.55%
6 month interest rate 4.05%
7 month interest rate 4.05%
9 month interest rate 4.10%
12 month interest rate 4.80%
24 month interest rate 4.05%
36 month interest rate 4.05%
Minimum Opening Deposit $1,000
Government guarantee Yes

Eligibility

Joint account availability No
Min Deposit $1,000
Available to children No minimum age

Key features

Get flexible terms

Choose your own investment period of 3 to 36 months, and know exactly how much interest you will earn during it.

Low minimum, high maximum balance

Deposit as little as $1,000 into the Edvest Term Deposit Account to get started, and deposit up to a maximum of $499,999 to grow your savings faster.

Launch term deposit calculator


How to apply

It takes only a few minutes to open an Edvest Term Deposit Account online.

Eligibility

Make sure you meet all eligibility requirements before starting.

  • Age. You must be at least 50 years old to qualify for Edvest membership.
  • Residency. Only Australian citizens and permanent residents can apply.

Your reviews

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ANTHONY HARRISON

August 01, 2019

is the interest paid fortnightly


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Faye Manuel Finder

August 03, 2019

Hi Anthony,


Thanks for contacting Finder.


Interest can be paid monthly, 12 monthly or at maturity on the Member, Edvest, Rewards Package and Customer Term Deposits and fortnightly on the Edvest Term Deposit.


I hope this helps.


Kind Regards,

Faye


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Shane

April 15, 2018

Could you please furnish details of changes to take place re Deeming Accounts in July 2018.

Thanks,

Shane


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Jeni Velasco Finder

April 16, 2018

Hi Shane,


Thank you for getting in touch with Finder.


If you are pertaining to deeming accounts from Teachers Mutual Bank, kindly contact them directly regarding this matter. You may also want to check our list of banks offering deeming accounts.


In addition, the government’s guide to deeming information and changes has more deeming info which could be helpful on your enquiry regarding changes that will take effect in July this year.


I hope this helps.


Have a great day!


Cheers,

Jeni


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Jennifer

February 13, 2018

Do you have a super fund attached to Teachers Mutual?


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Jonathan Choi Finder

March 06, 2018

Hi Jennifer, thanks for your inquiry.


Teachers Mutual Bank uses Bridges financial planner as their Superfund manager. You can contact them on 13 12 21.


Best regards,


Jonathan


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