
Get exclusive money-saving offers and guides
Straight to your inbox
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 2.15% p.a.
Interest rate
12 months interest rate
$1,000
Minimum opening deposit
$0
Account keeping fee
$500,000
Maximum deposit
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Product Name | Bank of Sydney Term Deposit Online Exclusive - $1,000-$500,000 |
---|---|
3 month interest rate | 1.45% |
4 month interest rate | 1.35% |
6 month interest rate | 1.90% |
7 month interest rate | 1.75% |
9 month interest rate | 1.90% |
12 month interest rate | 2.15% |
Minimum Opening Deposit | $1,000 |
Minimum Age Requirement | 18 |
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. |
---|
November 6, 2019
Can we take out a Term Deposit account under the name of an SMSF?
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.
Cheers,
Ash
August 5, 2019
Is bank of Sydney government garantiert?
August 5, 2019
Hi Guddie,
Thanks for getting in touch!
The Bank of Sydney is one of the banks included in the Australian Government Guarantee Scheme. You can check our list of banks covered by the deposit guarantee scheme, 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.
Best,
Nikki
August 4, 2019
Hi! Can someone contact me regarding a term deposit please?
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,
Mai
July 22, 2019
I would like to invest $ 250,000 in a term deposit 6, 9 or 12 months. What are the best rates?
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!
Best,
Nikki
July 19, 2019
Does the interest rates apply to term deposits held by proprietary company?
Thanks
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, you can use our comparison table to help you find the account that suits you.
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.
Best,
Nikki