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BankVIC Online Term Deposit

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Lock in an interest rate for peace of mind.

BankVic gives you the option of 3 to 24 months of fixed term savings. With the Online Term Deposit, this can all be opened and done from the comfort of your own home. You can start the account with $2,000 and no management or maintenance fees will be deducted. The Online Term Deposit account has competitive interest rates and grants each account holder the freedom of knowing what to expect after the maturity of your deposit has been reached. Once you have opened your Online Term Deposit account, you can be confident that your money is in good hands.

Up to 1.35% p.a.

Interest rate

6 months interest rate

$2,000

Minimum opening deposit

$0

Account keeping fee

Details

Product NameBankVIC Online Term Deposit
3 month interest rate1.25%
4 month interest rate1.25%
6 month interest rate1.35%
7 month interest rate1.25%
9 month interest rate1.25%
12 month interest rate1.25%
24 month interest rate1.20%
36 month interest rate1.20%
48 month interest rate1.20%
60 month interest rate1.20%
Minimum Opening Deposit$2,000
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

How do I earn interest?

The interest for the Online Term Deposit is calculated daily and paid out annually or monthly. You will earn interest at competitive rates which will be variable according to the amount invested and the period of the investment. Interest can also be paid out on maturity.

No fees for deposits

Cash deposits made at any BankVic branch is free of charge.


How to apply

Eligibility

  • Minimum age. Any person under the age of 18, is classified as a minor and will be required to have a parent or guardian sign the account application on their behalf. The minor is also required to join the Little Copper club before attaining any of BankVic membership privileges. Once the member turns 18 years old, they will then be eligible to apply for their own account.
  • Residency requirements. Residential proof will be required along with the basic identification requirements as stated below.

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