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BankSA term deposit

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Earn a competitive interest rate on your BankSA term deposit with $0 setup or account-keeping fees.

A BankSA term deposit offers a range of terms from 1 month to 5 years. You can get started with a small investment amount of $1,000 or more, up to $2,000,000. Take advantage of flexible interest payment options and it's suitable for DIY / SMSFs.

Up to 0.85% p.a.

Interest rate

24 months interest rate

$1,000

Minimum opening deposit

$0

Account keeping fee

$2,000,000

Maximum deposit

Details

Product NameBankSA Term Deposit
3 month interest rate0.45%
4 month interest rate0.55%
6 month interest rate0.55%
7 month interest rate0.65%
9 month interest rate0.65%
12 month interest rate0.75%
24 month interest rate0.85%
36 month interest rate0.85%
48 month interest rate0.85%
60 month interest rate0.85%
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

SPECIAL OFFER: 0.70% for 6 months

If you are a new customer and open a new term deposit account or if you are an existing customer and renew your term deposit account, you will enjoy 0.70% for 6 months on deposit from $1,000 to $2,000,000 with interest paid on maturity. This offer is available for a limited time and other terms and conditions apply.

Minimum investment amount of $1,000

Open a new term deposit with as little as $1,000. On the other end of the spectrum, you can invest as much as $2,000,000.

Terms from 1 month to 5 years

You can invest your money for a short term, for any number of months from 1 to 12 months If you're thinking long term, you can choose terms of up to 5 years.

Launch term deposit calculator


How to apply

The online application does not take long to complete, and to get started, click on the 'Go to Site' button.

Eligibility

Before you do, make sure you meet the required eligibility criteria as mentioned below.

  • You're at least 18 years old
  • You're a permanent resident of Australia

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