Bank of Sydney term deposit account

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Park your spare change inside of a Bank of Sydney term deposit and take advantage of flexible terms at competitive interest rates.

With an initial deposit of $1,000 your savings can flourish under the competitive interest rates offered by Bank of Sydney. With shorter terms and rollover options, this is a flexible account worth looking into if you have a long term savings goal in mind.

Up to 1.6% p.a.

Interest rate

6 months interest rate


Minimum opening deposit


Account keeping fee


Maximum deposit


Product NameBank of Sydney Term Deposit Online Exclusive
3 month interest rate1.50%
4 month interest rate1.55%
6 month interest rate1.60%
7 month interest rate1.55%
9 month interest rate1.50%
12 month interest rate1.50%
Minimum Opening Deposit$1,000
Minimum Age Requirement18
The rates displayed above are interest rates paid at maturity only. We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.

Key features

Minimum deposit

Bank of Sydney allows for you to invest in a term deposit with a minimum of $1,000.


The terms start a one month and only go as long as 12 months.

How to apply

If after you have made careful comparisons of various term deposits you have decided that the Bank of Sydney's is your best option, you can visit a branch in order to get your account started. Alternatively, you may download and print the appropriate forms from their website.


Before getting started, check that you are able to meet their eligibility requirements:

  • Minimum age. There is no set age requirement for a term deposit from Bank of Sydney so long as it is issued in Australian dollars.
  • Residency requirements. In order to open this account, you must be able to provide a valid Australian residential address.

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  1. Default Gravatar
    November 6, 2019

    Can we take out a Term Deposit account under the name of an SMSF?

    • Default Gravatar
      November 6, 2019

      Hi David,

      Thanks for contacting Finder.

      In opening the Bank of Sydney Term Deposit Account, you can have it named under an Individual or Business entity. Unfortunately, it doesn’t specify that you can have it under an SMSF account. You may contact Bank of Sydney to have more information regarding their Term Deposit account.

      Hope this helps.


  2. Default Gravatar
    August 5, 2019

    Is bank of Sydney government garantiert?

    • Default Gravatar
      August 5, 2019

      Hi Guddie,

      Thanks for getting in touch! Bank of Sydney is one of the banks included in the Australian Government Guarantee Scheme. On this page, you’ll find the list of banks included, how the guarantee works, what will be covered, what happens if the bank goes bankrupt, and etc.

      Hope this was helpful. Don’t hesitate to message us back if you have more questions.


      Hope this helps and have a wonderful day!

      Kind Regards,

  3. Default Gravatar
    August 4, 2019

    Hi! Can someone contact me regarding a term deposit please?

    • Avatarfinder Customer Care
      August 5, 2019

      Hi Chrissy,

      Thank you for contacting Finder.

      This page contains details and information on Bank of Sydney Term Deposit rates. Should you have a question that is not covered on our article and wish to discuss over the phone, please feel free to contact Bank of Sydney directly. You can visit their website for the contact details.

      Hope that helps.

      Kind Regards,

  4. Default Gravatar
    July 22, 2019

    I would like to invest $ 250,000 in a term deposit 6, 9 or 12 months. What are the best rates?

    • Default Gravatar
      July 23, 2019

      Hi Gabrielle,

      Thanks for getting in touch! It’s great to hear that you are looking to invest. The interest rates listed on our page are the interest rates for accounts with a balance of at least $1,000 -$250,000.

      6 months – 2.3%
      9 months – 2.2%
      12 months – 2%

      To know other interest rates offers of Bank of Sydney – it would be best to contact them directly. You can find their contact details from their main website. As a friendly reminder, review the eligibility criteria of the account before applying and read up on the terms and condition. Feel free to reach out to the bank if you need any clarifications.

      Hope this helps!


  5. Default Gravatar
    July 19, 2019

    Does the interest rates apply to term deposits held by proprietary company?

    • Default Gravatar
      July 20, 2019

      Hi Alice,

      Thanks for your question. The Bank of Sydney Term Deposit account is only for personal accounts. If you are still looking for term deposits for business, please refer to this page.

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

      Hope this was helpful. Don’t hesitate to message us back if you have more questions.


  6. Default Gravatar
    April 9, 2019

    I’m looking for a high interest paying term deposit $15,000.
    What is your interest rate rate for?
    3 months
    6 months
    9 months
    1 year

    • Avatarfinder Customer Care
      April 10, 2019

      Hi Louise,

      Thanks for getting in touch with Finder. I hope all is well with you. 😃

      We have a table above this page to show you the corresponding interest rate for each number of months.

      3 months – 2.60%
      6 months – 2.80%
      9 months – 2.76%
      1 year – 2.76%

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


  7. Default Gravatar
    March 31, 2019

    Will my money have a Government Guarantee?

    • Avatarfinder Customer Care
      April 1, 2019

      Hi Ray,

      Thank you for reaching out to Finder.

      If you have a term deposit with Bank of Sydney, yes, you will be covered by the Government Guarantee Scheme up to $250,000. You can see that Bank of Sydney is one of the banks that is included in the Australian Government Guarantee Scheme. Aside from the list of banks included on the scheme, the page also have some information on how the guarantee works, what will be covered, what happens if the bank goes bankrupt, etc.

      Hope this helps and have a wonderful day!

      Kind Regards,

  8. Default Gravatar
    March 26, 2019

    Hi, if I make a term deposit to the “Bank of Sydney Term Deposit on line Exclusive” is it government guaranteed? ie if the bank goes under will the government give me my money back?

    • Default Gravatar
      March 27, 2019

      Hi Gerard,

      Thanks for getting in touch! The Bank of Sydney is covered by the Australian Guarantee Scheme. Hope this helps!


  9. Default Gravatar
    March 13, 2019

    I have a $280,000 term deposit with another bank maturing on Friday. If I ask them to electronically transfer the funds to Bank of Sydney on Friday, will the funds immediately qualify for interest from that day?

    • Avatarfinder Customer Care
      March 14, 2019

      Hi Pamela,

      Thanks for reaching out to Finder.

      Yes, because with Bank of Sydney term deposit account, the interest is calculated daily from the date the funds are deposited into your account and paid at maturity.

      I hope this helps.


  10. Default Gravatar
    February 19, 2019

    Hi finder,
    We want to invest money into a term deposit for my mother who is old. I have Enduring Power of Attorney, What happens when she passes away if the term of the deposit, has not been reached?

    • Avatarfinder Customer Care
      February 20, 2019

      Hi Alison,

      Thank you for reaching Finder.

      Generally, when an account holder dies and the term deposit has not yet been reached a death certificate needs to be issue to the bank to be able to withdraw the amount to whoever the estate is being assigned. The date of death will become the maturity date of the term deposit and will stop incurring interest up to that date. Normally, there is a clause in the term deposit contract that gives you an idea of how this process would start. Hope this helps!


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